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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Short Takes: Bank of America Kisses Mortgage Banking (Reporting) Goodbye / When MSR Cash Flow Becomes ‘Immaterial’ / The Eye of the Beholder / Tossing Mortgage Stuff Overboard / Redwood on an MBS Hot Streak / Leaving loanDepot for Impac

April 17, 2018
Paul Muolo and Brandon Ivey
Is Bank of America doing a slow fade on mortgages?
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Nationstar CEO Jay Bray Cleared for a $4.25 Million Bonus

April 17, 2018
Paul Muolo
CEO Jay Bray was eligible for a maximum bonus of $6.90 million…
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Invictus to Issue a Non-Agency MBS Backed by Single-Family Rental Property Loans

April 17, 2018
Brandon Ivey
The new non-agency MBS from Invictus is a bit of a rarity: the bond is backed only by mortgages on single-family rental properties.
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Now in the Works: A ‘State Level’ CFPB (Thanks to Mulvaney?)

April 17, 2018
Yemeng Yang
The Garden State is following in the footsteps of Pennsylvania, which created a Consumer Financial Protection Unit last July and hired a former CFPB attorney to lead the initiative.
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Prime Non-Agency MBS Issuers Getting More Creative…

April 17, 2018
Brandon Ivey
Due diligence reviews can be costly, especially when the mortgages being produced are pristine.
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A Steep 1Q18 Decline in Residential Production for BofA

April 16, 2018
Paul Muolo
BofA also produced $3.75 billion of home equity loans in the first quarter...
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Fannie Addresses Risk Layering in High DTI Loans

April 16, 2018
Carisa Chappell
Back in July 2017, Fannie revised its automated underwriting system to accept loans with DTI ratios over 45 percent without lenders having to show other compensating factors…
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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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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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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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