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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Growing Quickly, Tech Vendor Blend Names Former Treasury Secretary Jacob Lew to Advisory Board

September 13, 2018
Brandon Ivey
The number of mortgage lenders using technology from Blend has quadrupled in the past year…
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Stearns Agrees to Buy Stake in $3.2 Billion Lender as Part of PPP Effort

September 13, 2018
Paul Muolo
The pending deal marks the second acquisition in Stearns’ new Preferred Partner Platform initiative…
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Short Takes: Late for an Anniversary / GSE Reform: A Solution Searching for a Problem / ClearEdge Lending Ramps Up / Warehousing the Non-QM Market / LendingTree Shareholders Not Smiling Right Now

September 13, 2018
Paul Muolo
Silvergate Bank is actively providing warehouse lines of credit to non-QM lenders and we understand that Comerica is now sticking its toe in the water…
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Borrowers Look for Lenders that Offer Digital Mortgage Features and Some Person-to-Person Communication

September 13, 2018
After years of talk about “digital mortgages,” now is the time that lenders should adopt such technology, according to Henry Cason, a senior vice president at Fannie Mae and head of digital products for the government-sponsored enterprise’s single-family business.
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A Few Silver Linings in the Origination Downturn: Improved GOS, More MSR Sales

September 12, 2018
Paul Muolo
Wedbush estimates that originations will fall by 8.0 percent this year…
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Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017

September 12, 2018
John Bancroft
Through the first eight months of the year, Ginnie issuance was down 11.0 percent...
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S&P Estimates $63B of CMBS Exposure to Hurricane Florence

September 12, 2018
Yemeng Yang
The CMBS transactions with the highest potential exposure are collateralized by shopping malls and office properties in Northern Virginia...
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Short Takes: Wells Fargo’s (Mortgage) Job Cuts / Annaly Poised to Buy More MSRs? / FHFA Seeks Comment / Eight Consecutive Quarters of Feeling Bad About Profit Margins / PenFed Hires a TV Journalist

September 12, 2018
Paul Muolo
Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights…
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Many Lenders Plan on Keeping Underwriting Standards ‘As Is’

September 11, 2018
Brandon Ivey
One lender confessed: “I think we’ve been too accepting of credit problems and we are going to start pulling back now…”
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Eager to Buy Jumbos, Redwood Offers a ‘Working Capital’ Option

September 11, 2018
Brandon Ivey
During the second quarter Redwood deployed $40.0 million in customized financing for nonbanks…
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