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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Most Large Banks Report Production Decline In Fourth Quarter, Except for U.S. Bank

January 18, 2018
As a group, the largest bank mortgage lenders began reporting sagging mortgage originations in the fourth quarter, though the drop was hardly a disaster.
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Short Takes: House GSE Bill Due by Mid-March? / Providing Technical Assistance: the Staff of the FHFA / Time for a Pay Raise for Layton and Mayopoulos? / Hiring Underwriters from Wells Fargo / CFPB’s Mulvaney to Yellen: I Don’t Need Your Money (Right Now)

January 18, 2018
Paul Muolo and Thomas Ressler
If a GSE reform bill does not get signed into law this year, how much longer will the CEOs of Fannie Mae and Freddie Mac stick around?
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New Residential to Raise $440 Million Via Stock Sale. More Acquisitions Ahead?

January 17, 2018
Paul Muolo
The REIT has a current market cap (share price multiplied by number of units outstanding) of $5.27 billion.
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HUD Secretary Carson Sets Up ‘Order of Succession’ at Ginnie Mae. First Up: Michael Bright

January 17, 2018
Paul Muolo
The Trump White House was slated to nominate mortgage banker David Kittle to head the agency but back in November he grew tired of waiting and withdrew his name from consideration.
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A Slight Production Decline for BofA in 4Q17, but MB Profits Take a Hit

January 17, 2018
Paul Muolo
According to figures compiled by Inside Mortgage Finance, BofA ranked sixth among first lien lenders in the third quarter, but U.S. Bank isn’t too far behind in the number seven spot.
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Oh Carol! Former FHA Chief’s Plan to Restructure the Government MI Garners Mixed Reviews

January 17, 2018
George Brooks
Galante is a former FHA commissioner who presently serves as faculty director of the Terner Center for Housing Innovation at the University of California Berkeley. She also sits on the board of Ocwen Financial.
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In 4Q17, A Sharp Increase in Prime Jumbo MBS, and Expanded-Credit Deals

January 17, 2018
Brandon Ivey
Expanded-credit MBS – which include loans with alternative documentation, non-qualified mortgages and nonprime loans – hit $4.08 billion in 2017…
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Short Takes: Freddie Mac, an Actual Lender? / GSEs Working to Revise MI Rescission Relief Policies / The Last Time I Saw Richard / MIAC Selling $71MM of RPLs / Movement Hires Chief Credit Officer

January 17, 2018
Paul Muolo and Thomas Ressler
Fannie Mae and Freddie Mac are working with the nation’s mortgage insurance firms to revise rescission relief principles...
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New Prime Jumbo MBS from Chase Smaller than Previous Deals

January 16, 2018
Brandon Ivey
In the new MBS, 41.9 percent of the mortgages were eligible for sale to Fannie Mae and Freddie Mac…
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BB&T to Invest in ‘Fintech’ Companies Including Those with a Mortgage Focus

January 16, 2018
Paul Muolo
Banks and nonbanks alike are in a rush to build digital lending platforms that are consumer friendly and result in cost savings...
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