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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Pershing Square Doubles Down on its GSE Bets

April 16, 2018
Paul Muolo
In the 2017 annual report, Pershing Square lists Fannie and Freddie common among its “losers…”
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Early 2018 Brings More Volatility to GSE Single-Family Rivalry

April 16, 2018
John Bancroft
In early 2018 both GSEs were under orders from the Federal Housing Finance Agency to set g-fees that meet a “minimum return on equity…”
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Stearns Holdings Wants to Retire $80 Million Worth of High-Yielding Paper

April 16, 2018
Paul Muolo
Finance of America’s new president is industry veteran Bill Dallas.
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Non-Agency MBS Issuance Down Sharply in 1Q18, but Subprime and Alt A Show Promise

April 13, 2018
John Bancroft
During 1Q18, issuance of MBS backed by seasoned loans fell 50.8 percent…
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Chicago Bank Pulls the Plug on National Residential Lending, Will Take a $37 Million Hit (At Least)

April 13, 2018
Paul Muolo
MB Financial plans to keep originating home loans in the greater Chicago area and will keep its mortgage servicing platform intact.
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JPM’s Origination Machine Tanked in 1Q18

April 13, 2018
Paul Muolo
Despite the drop, JPM marked up the asset value of its mortgage servicing portfolio...
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A 19 Percent Drop in Residential Lending at Wells Fargo; Megabank Says Regulators Want $1B to Settle Auto and Mortgage RLC Charges

April 13, 2018
Paul Muolo
Wells said the CFPB and OCC have asked the megabank for a $1 billion settlement in the matter.
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What We’re Hearing: OMB Reviewing VA Anti-Churning Rule / MB Financial Shutters Mortgage Division: A Canary in a Coal Mine? / Put Your Seatbelt On / No Complaints From the Nonprime Sector / The Search for Dave Stevens Successor at MBA Narrows

April 13, 2018
George Brooks and Paul Muolo
Now comes the big question: How many more MB Financials are out there?
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Agency MBS Issuance Tumbled in 1Q18; Purchase Market Up Slightly from 2017

April 13, 2018
Fannie Mae, Freddie Mac and Ginnie Mae posted a two-year low in new single-family business during the first quarter of 2018, according to a new Inside Mortgage Trends analysis of loan-level mortgage-backed securities disclosures. The three agencies guaranteed a total of $268.78 billion of purchase mortgages and refinance loans during the first three months of the year. That was down 19.2 percent from the previous three-month period and ... [Includes one data chart]
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Cryptocurrency Revolution Eyes Homebuying

April 13, 2018
Bitcoin, the internet’s virtual currency, is slowly becoming an acceptable alternative method of payment for items, including real estate. Whether it will supplant the more traditional process of purchasing a home remains to be seen. Thomas Bayles, chief executive officer of Urban Asset Group, a house-flip firm in Los Angeles, last year facilitated a record-setting purchase of a mid-century house in Eagle Rock, CA, using bitcoins. The remodeled, five-bedroom residential property in ...
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