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Home » Topics » Inside Mortgage Finance » Originations

Originations
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What We’re Hearing: CNBC ‘Mad Money’ Host Cramer Slams Nonbanks / Questionable Research? / Dan Gilbert of Quicken Fires Back / The Counter-Hedge of Mortgage Servicing Rights / It’s LO Recruiting Season, Pull Out the Check Book / Prestwick MSR Auction / El

November 30, 2018
Paul Muolo
Did CNBC's Jim Cramer do any research on the mortgage industry before he opened his mouth?
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Regulators Propose Higher Appraisal Threshold

November 30, 2018
Federal regulators last week proposed a significant expansion in the number of non-agency mortgages that will not need a full appraisal. Currently, non-agency mortgages with loan balances of less than $250,000 don’t need an appraisal if originated by a bank. The regulators proposed increasing the threshold to $400,000. Mortgages below the appraisal threshold still require an evaluation, just not a full appraisal. Banking regulators said the proposal is an effort to reduce ...
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MBA: Origination Profits Down 48.3 Percent from a Year Ago

November 29, 2018
Brandon Ivey
Lenders and their warehouse providers have been openly worrying about thinning profit margins for several quarters now with liquidity a primary concern.
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Short Takes: News Soon from Trump on the FHFA Job? / A Place-Holder / A Bright Spot, If You Can Find One / The Better Question Might Be: Who Isn’t Going Digital? / Upcoming: CFPB Advisory Board Meeting

November 29, 2018
Paul Muolo and Yemeng Yang
Joseph Otting would not be the permanent director but would be a place-holder until...
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Industry Has a Muted Reaction to High GSE Loan Limits. However…

November 28, 2018
Paul Muolo
Former MBA Chief Dave Stevens on the higher conforming loan limits: “For an industry led mostly by conservatives, this dependence on a socialized financial system is really ironic.”
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GSE Purchase Market Lost Steam in October

November 28, 2018
John Bancroft
Most of the refinancings facilitated by Fannie and Freddie are cash-out deals…
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Newly Elected Democrat AGs Likely to Increase Enforcement

November 28, 2018
Yemeng Yang
“With the turmoil at the CFPB, states are feeling that they have to fill the void,” said Daniel Suvor, counsel at O’Melveny & Myers…
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Guaranteed Rate Buys Assets of Two Hawaii MBs. Details are Sketchy

November 28, 2018
Paul Muolo
The Chicago-based GR has been making loans in Hawaii since 2015…
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Short Takes: Extreme Turbulence Ahead? / When Will the M&A Tsunami Start? / Freddie Mac’s Origination Forecast / A Sudden Spark in Fresno / Trump Has Buyer’s Remorse on Powell

November 28, 2018
Paul Muolo
One warehouse chief even suggested that in 1Q19, as many as 70 percent of nonbanks will lose money before the spring homebuying season kicks in.
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Agency Share of Jumbo Mortgage Lending Increased in 3Q18

November 28, 2018
John Bancroft
Year-to-date agency securitization of conforming-jumbos totaled $72.36 billion as of the end of September…
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