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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Top-Ranked Wholesaler Unveils New Leadership Structure

October 1, 2018
Paul Muolo
Plaza Home is growing its renovation loan and reverse lending businesses...
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Short Takes: Senators Want CFPB Official Fired / A Plea to Stop the Agency’s Reorg / Sen. Warren Drops Hint on White House Run / Watt’s Tenure? / A New Director at Altisource

October 1, 2018
Paul Muolo
Sen. Warren has been dropping hints that she may run for president in 2020...
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FHA Not Sure it Will Extend the New ‘Second Appraisal’ Policy on HECMs

October 1, 2018
George Brooks
Appraisal bias remains a primary concern…
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Mortgage Groups Seek Changes to LO Compensation Rule

October 1, 2018
Mortgage trade groups are asking the CFPB to reopen the loan originator compensation rule to reduce lenders’ regulatory burden and better serve consumers. A dozen industry trade groups – including the American Bankers Association, the Mortgage Bankers Association and the Real Estate Service Providers Council – recently wrote to Acting CFPB Director Mick Mulvaney with suggested changes to the agency’s LO compensation rule under the ...
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Redwood Readies Eighth Prime Non-Agency MBS Deal of the Year, UWM Top Contributor Yet Again

September 28, 2018
Brandon Ivey
The nonbank wholesaler, a unit of United Shore Financial Services, has been the top contributor to six of Redwood’s prime non-agency MBS of 2018.
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Mortgage Industry (Mostly) Ready for TRID 2.0 Compliance, but…

September 28, 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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A Sign of Demand: Record Attendance at ABS East Conference as Investors Thirst for Yield

September 28, 2018
Brandon Ivey
A number of investors noted that it’s difficult to find structured-finance products with attractive yields.
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What We’re Hearing: Being Heard / Another Barn-Burner of a Quarter for Fannie and Freddie? / Complicating President Trump’s Pick for a New FHFA Chief / Defending GSE Pilot Programs / Meeting PMIERs 2.0 / Ocwen Ready to Crank Up the MSR Buying Machine? / S

September 28, 2018
Paul Muolo
If Ocwen reenters the servicing market as a buyer it will be doing so at a time when MSR prices are the highest they’ve been all decade...
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Highbridge Capital Buys Stake in Troubled Ditech Financial

September 28, 2018
Paul Muolo
Ditech’s most coveted asset is its $181.4 billion mortgage servicing portfolio...
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Nonbanks Gained Market Share in 2Q18

September 28, 2018
State-licensed mortgage lenders originated $239.70 billion of home mortgages in the second quarter of this year, according to nonbank mortgage call report figures compiled by the Nationwide Multistate Licensing System. The sector posted an 18.9 percent increase in origination volume from the first three months of the year, slightly more than the 17.1 percent rise in total first-lien originations over that period. As a result, the nonbank share of new production ... [Includes two data charts]
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