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Home » Topics » Inside Mortgage Finance » Originations

Originations
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HUD Plans to Revisit Downpayment Assistance Rule as Stakeholders Warily Eye Tribal Second-Loan Program

September 27, 2018
The Department of Housing and Urban Development is planning this fall to seek comment on the use of FHA downpayment assistance from programs run by entities owned by Native American tribes.
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Issuance of Non-Agency MBS Constrained by a Lack of Reforms to Reps and Warranties

September 26, 2018
Brandon Ivey
Blackrock and PIMCO were among the firms cited as avoiding new non-agency MBS deals…
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Bridgeview Bank Agrees to Sell Mortgage Unit to Nonbank

September 26, 2018
Paul Muolo
A spokeswoman for bemortgage said the lender’s staff will be kept in place…
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First Up to Testify Thursday at the HFSC FHFA Oversight Hearing: Simone Grimes, Mel Watt’s Accuser

September 26, 2018
Carisa Chappell
Simone Grimes, who holds the title of special advisor, is still employed by the agency.
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Short Takes: Speculation on What Mel Watt Might Say / Ocwen Schedules a ‘Special’ Meeting of Shareholders / NOLs of Roughly $400 Million / In the Event of a Change of Control? / FoA Rolls Out Second-Lien Reverse

September 26, 2018
Paul Muolo
Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change.
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Sprout Executive David Akre: Make Non-QMs or Cut Overhead. Your Choice

September 25, 2018
Brandon Ivey
Matt Nichols, CEO of Deephaven Mortgage, said the share of LOs that actually offer non-QMs is in the single digits.
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Former Incenter Trading Unit Reemerges as RAMS Mortgage Capital

September 25, 2018
Paul Muolo
The unit will continue to be headed by industry veterans Tad Dahlke and Hal Hermelee...
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Third-Party Lenders Account for Out-Sized Share of FHA/VA Market

September 25, 2018
John Bancroft
However, some large commercial banks are willing to remain in the market through correspondent arrangements…
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Short Takes: Full Bore into Non-QM? / FHA Could Hike Premiums / Record Attendance at ABS East / Departures from Sprout / A New Denver Branch for Churchill Mortgage

September 25, 2018
Brandon Ivey and Paul Muolo
Will FHA hike its premiums? Maybe, maybe not...
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IO Originations Spiked by 25 Percent in 2Q18

September 24, 2018
Brandon Ivey
Angel Oak Lending, Citadel Servicing and Navy Federal Credit Union all had IO gains of more than 60 percent during the quarter.
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