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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Non-Agency MBS Issuance Drops Sharply in 3Q18 as Nonprime Tops Prime

October 12, 2018
John Bancroft
The highlight of the third quarter was the steady growth of the nonprime market…
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Wells Fargo Reports a Decline in Home Lending for 3Q18. A Small Gain at JPM

October 12, 2018
Paul Muolo
JPM and Wells do not use loan brokers, avoiding the wholesale channel. Both have large warehouse lending programs and acquire mortgages from the nonbanks they also finance.
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Mortgage Venture Partners Plans to Buy Nonagency Loans with an Eye Toward Securitization

October 12, 2018
Brandon Ivey
Mortgage Venture Partners is also working on a non-qualified mortgage jumbo second lien product…
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Lenders Prepared for TRID 2.0, but Some Uncertainty Remains

October 12, 2018
Yemeng Yang
“I think everyone is on board,” said Colgate Selden, a former CFPB attorney and now managing director and head of regulation and compliance at Promontory MortgagePath.
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Quicken Loosens Underwriting on Jumbos

October 12, 2018
Brandon Ivey
For jumbo cash-out refis, Quicken is now allowing for combined loan-to-value ratios up to 80.0 percent on loan balances up to $1.0 million.
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What We’re Hearing: A Cyclical Business / What Will Treasury’s Craig Phillips Say about the GSEs? / Advice From loanDepot’s Anthony Hsieh / Unsolicited Resumes from Production Employees / Jim Malloy Departs Impac Mortgage After 15 Years / PennyMac’s First

October 12, 2018
Paul Muolo
Anthony Hsieh's advice for the mortgage industry: Start selling...
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Roughly 26 Percent of Home Lenders are Using AI, Machine Learning

October 11, 2018
Brandon Ivey
Use of artificial intelligence seems to be concentrated at nonbanks…
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Mortgage Insurance Firms Gained Market Share in 3Q18

October 11, 2018
John Bancroft
On a year-to-date basis, the volume of private MI loans delivered into GSE MBS was up 9.8 percent from the first nine months of 2017…
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More REITs Eyeing the Non-QM Sector. A Large MBS Deal in the Works?

October 11, 2018
Paul Muolo
MFA CEO Craig Knutson said he’s pleased the REIT has “gained traction on these new acquisition efforts, which involve relationships cultivated over the past year or more.”
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Invitation Homes Prepays Part of Loan from JPMorgan Chase

October 11, 2018
Paul Muolo
Next Thursday, the Senate Banking Committee will hold a hearing on GSE pilot programs…
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