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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Cash-Out Refi Investment-Property Mortgages Collateral for New MBS

November 20, 2018
Brandon Ivey
Visio originates through the retail channel but also uses loan brokers…
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Short Takes: A New 52-Week Low for Ocwen / John Britti’s Stock Awards / The Dow Swoons, Rates Fall / Freddie’s ACIS Deal / Ed Pinto Weighs in on GSE Capital / Merry Christmas, Buy a House (The Day After) / UWM Still #1 in Wholesale

November 20, 2018
Paul Muolo
Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...
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Correspondent Platforms Gained Market Share in 3Q18

November 20, 2018
John Bancroft
Wells Fargo remained the top producer of correspondent-originated loans with $26.64 billion in third-quarter volume and a 20.2 percent share of the market…
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Meetings Scheduled for January as Nonbanks Ponder Impact of Ginnie ‘Liquidity Letter’

November 19, 2018
Paul Muolo
Nonbanks need to come up with a contingency plan if warehouse lines of credit and other forms of financing are not renewed or are reduced.
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As Conventional Lending Slumps, Expanded-Credit Originations Fill the Void

November 19, 2018
Brandon Ivey
The top five EC lenders in 3Q18 were Redwood Trust, U.S. Bank, Angel Oak, Citibank and Citadel Servicing…
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FHA Seeks to Strengthen MRB Authority

November 19, 2018
George Brooks
While the goal of a stronger MRB is not new, it has taken on a new urgency in discussions between HUD and DOJ...
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Short Takes: Rates, Rates, Rates / When the Big Stock Swoon Comes / Checking In on Ditech / Mill City’s Non-Agency MBS / Illinois Branch Manager Accused of Fraud / MCT Hires Lenders One Manager

November 19, 2018
Paul Muolo, Brandon Ivey, and Yemeng Yang
Rates were in a decline Monday morning...
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Non-Agency Jumbo Sector Loses Market Share in 3Q18

November 19, 2018
Brandon Ivey
The decline in market share for jumbos has occurred as interest rates have risen.
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As Mortgage M&A Heats Up, Panorama Partners Ready to Pounce

November 19, 2018
Paul Muolo
Panorama is not new to the mortgage business. In July 2016, the Omaha-based PE firm unveiled a “significant” investment in Alterra Home Loans…
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MMIF is Sound, Latest Audit Finds; Forwards Cover More HECM Losses

November 16, 2018
The FHA’s Mutual Mortgage Insurance Fund is generally healthy but for its Home Equity Conversion Mortgage program, according to the latest FHA audit of the MMIF. In its 2018 report to Congress this week, the Department of Housing and Urban Development had good and bad news regarding the financial condition of the insurance fund. The good news is that the economic value of the MMIF, which backs the FHA’s single-family loan programs, increased to $34.7 billion in fiscal 2018 from $26.7 billion a year ago. Total capital resources rose to $49.2 billion from $40.9 billion during the same period. For the fourth consecutive year, the fund exceeded its statutory capital reserve ratio of 2.00 percent. The ratio rose to 2.76 percent in 2018 from 2.18 percent last year. Premium reductions, had they been in effect, would have reduced the fund’s economic net worth and dropped its capital ratio, industry ...
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