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Home » Topics » Inside Mortgage Finance » Originations

Originations
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The Story (So Far) on Non-QM MBS: Few Losses, Some Delinquencies; Investors Pleased…

December 29, 2017
Brandon Ivey
A $150.4 million deal from Angel Oak Capital Advisors issued in December 2015 had a cumulative net loss of just 0.02 percent…
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A Gain for Correspondents in Jumbo Market Share

December 29, 2017
Brandon Ivey
Wells Fargo and JPMorgan Chase are the two dominant lenders in the jumbo market but their channel preferences have diverged over the past year…
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MBS Analysis: Looks Like the GSEs are Taking Market Share from FHA

December 29, 2017
Carisa Chappell
Wells Fargo, Quicken, and United Wholesale Mortgage are the top three firms originating these low-downpayment loans…
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What We’re Hearing: The Biggest Story of 2018? Fannie and Freddie, Of Course / An M&A Boom? / Good Luck Mr. Corso / Penny Spends Dollars to Buyback Common / A Very Short Publishing Break

December 29, 2017
Paul Muolo
We get the sense that merger and acquisition activity could be fierce as profit margins tighten...
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Expected on GSE Reform: Reconstituted Versions of Fannie and Freddie but…

December 28, 2017
Paul Muolo
What’s gestating now in Congress may represent the best chance of reforming the secondary market since Fannie Mae and Freddie Mac were placed into conservatorship in September 2008…
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The Ocwen Legal Settlement Tally: 25 Down, Five to Go

December 28, 2017
Brandon Ivey
Ocwen’s stock price peaked earlier in the decade at roughly $60.00 a share…
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Banks Continue to Add Home Mortgages to Portfolio

December 28, 2017
Brandon Ivey
JPMorgan Chase continued to boost its first-lien holdings even as it issued a number of relatively large jumbo MBS deals…
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Guaranteed Rate Rolls Out New Jumbo Loan with No MI

December 28, 2017
Paul Muolo
The nonbank is also allowing a 50 percent debt-to-income ratio on the product.
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Short Takes: The Most Profitable Company in America (Per Employee) is Fannie Mae / What About Ginnie? / Coming in January: A New FHA Commissioner / What’s the Hold Up? Answer: Sen. Warren

December 28, 2017
Paul Muolo
The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…
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Correspondent Channel Gains Market Share in Government-Insured Mortgage Market

December 27, 2017
George Brooks
Through three quarters this year, retail originations fell 20.2 percent while brokers saw a 10.3 percent production drop and correspondent lending declined by only 1.8 percent.
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