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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Short Takes: Michael Bright, the Next FHFA Director? / Waiting on Senate Confirmation (Still) / A Former GSE Exec and The Play Set Scandal / Sears and Fairholme / HSBC Settles with DOJ / A New Hire at CMG Financial

October 10, 2018
Paul Muolo and Brandon Ivey
HSBC will pay $765 million to settle charges brought by the Department of Justice...
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Non-QM Lenders Angel Oak and Citadel Post Record Production Quarters in 3Q18

October 10, 2018
Paul Muolo
Angel Oak and Citadel continue to hire while the megabanks are cutting back...
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Flagstar Hires New American Exec as its National Production Manager

October 10, 2018
Paul Muolo
The SVP/national production manager slot is a new position at Flagstar…
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Wells Fargo is Back! Megabank Launches First Post-Crisis Non-Agency MBS

October 10, 2018
Brandon Ivey
New nonagency deals are pending from loanDepot and New Residential as well…
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GSEs on Track to Start Issuing Single Security in June, Additional Guidance Pending…

October 10, 2018
Brandon Ivey
Stephanie Miller of Fannie Mae said the GSEs are working with SIFMA on the transition to the single security.
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Short Takes: Castle & Cooke? / The Fannie Mae Connection / Frater, a Good Choice to Head Fannie / LendingHome Surpasses the $3B Mark in FnF Production / NDA Hires Clayton Executive

October 9, 2018
Paul Muolo
Fix-and-flip lender LendingHome, San Francisco, has surpassed the $3 billion market in originations...
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Mortgage Analysts Look Into Their Crystal Balls and Don’t Like What They See

October 9, 2018
Paul Muolo
Analyst Henry Coffey: “It is worth noting, given expected home price appreciation, that a flat mortgage market should translate into a 4 percent or greater decline in actual mortgage unit count.”
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Senate Still has Time to Enact VA ‘Orphan’ Loan Bill

October 9, 2018
George Brooks
The House bill is currently at the Senate desk, awaiting nods from Senate Banking Committee Chairman Mike Crapo, and Ranking Minority Member Sherrod Brown…
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The M&A Roundup: Lots of Chatter, Not a Lot Getting Done (Yet)

October 9, 2018
Paul Muolo
Meanwhile, the largest potential deals looming over the market continue to be Ditech Financial and loanDepot…
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DBRS: Losses on Non-QM MBS are Rare, Investors Feel Protected

October 9, 2018
Brandon Ivey
Despite the good news, DBRS said if the economic environment becomes more distressed, some non-QM borrowers may come under pressure…
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