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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Short Takes: In Non-QMs We Trust / A Land Rush Into Non-QM? / A Nonbank Buying a Bank, Not an Everyday Occurrence / Ultimate Goal: To Tap FHLB Advances? / Nick Smith Departs Blackstone TORO

August 9, 2018
Paul Muolo
Impac's Justin Moisio: “Everyone’s getting into this game.”
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In a Tough Lending Market, Geneva is Attracting Loan Officers by Offering Comp Plans of 250 BPs

August 9, 2018
Geneva Financial, Tempe, AZ, is offering loan officer recruits a compensation package of 250 basis points or higher, attracting scores of resumes as well as the ire of some of its competitors.
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Impac Reports Large Loss for 2Q18, Blames Cash Call. Is Keen to Grow Non-QM Production

August 9, 2018
Paul Muolo
A spokesman said Impac is now funding $100 million per month in nonprime loans and plans to grow the business further.
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They’re Back: Marketing Services Agreements (Not That They Ever Totally Went Away)

August 9, 2018
Yemeng Yang
There’s been a resurgence of MSAs among other settlement service providers…
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More of the Same from Ditech: A Net Loss, Lower Originations and Liquidity Concerns

August 9, 2018
Paul Muolo
In June, Ditech agreed to sell MSRs to New Penn Financial...
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Private MIs Boost Market Share in 2Q18, Report Post-Crisis Record in Earnings

August 9, 2018
John Bancroft
Arch wrote $19.94 billion of traditional policies in the second quarter, ranking first overall, according to exclusive figures compiled by Inside Mortgage Finance. Radian was second with $16.36 billion…
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Redwood Reports Lower Earnings, but a Rise in Loan Purchases

August 8, 2018
Paul Muolo
At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.
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Another Record Non-QM Production Quarter for Citadel. 2018 Production Could Top $1.8 Billion

August 8, 2018
Paul Muolo
At the end of July, Citadel serviced $1.75 billion of non-QMs…
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CFPB Active Again in Enforcement Actions. 23 Cases Being Litigated

August 8, 2018
Yemeng Yang
A spokesperson told Inside the CFPB the agency’s office of enforcement is now “actively litigating 23 cases.”
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Mortgage Banking Income Fades at Banks

August 8, 2018
John Bancroft
Second-ranked JPMorgan Chase had a similarly disappointing quarter.
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