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Home » Topics » Inside Mortgage Finance » Originations

Originations
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If Rep. Hensarling Gets His Way, GSE Shareholders Would be Wiped Out

December 7, 2017
Paul Muolo
If the Texas Republican gets his way, investment firms including Pershing Square and Fairholme Funds stand to lose the millions of dollars…
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Walter’s New CFO, a Former JPM Executive, Could Earn Almost $1 Million Next Year

December 7, 2017
Paul Muolo
Lombardo joins Walter, the parent of Ditech Financial, from the community banking division of JPMorgan Chase.
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Ginnie Mae Issues New Rules to Stem Loan Churning

December 7, 2017
Paul Muolo
Acting Ginnie Mae President Michael Bright also issued a warning that expulsion from the program for “lenders who produce pools with inexplicably fast prepayment speeds” was a distinct possibility.
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Short Takes: Not Happy with Jeb’s GSE Comments / Lame Duck or Not… / White House Leaning Toward Michael Bright / Granite Ramps Up Commercial Commitments / Dart Hires Finance VP

December 7, 2017
Paul Muolo
It's only a matter of time before the White House officially nominates acting Ginnie Mae president Michael Bright to be the permanent head of the agency...
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Purchase Mortgages Continued to Dominate Primary Market in 3Q17, But Refinancing Gained Ground

December 7, 2017
2017 has been the strongest purchase-mortgage market in years and momentum didn’t slow much in the third quarter, but the first-time buyer surge may be weakening.
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With Refi Originations Expected to Decline, Lenders Look to Other Products and Ancillary Businesses

December 7, 2017
Mortgage lenders are looking at new products and new business lines to offset an anticipated 26.0 percent drop in refinance business next year.
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Guaranteed Rate Initiates Lawsuit Against Former Mortgage Lending SVP for Talent Raid

December 7, 2017
Guaranteed Rate is accusing a former top executive of raiding talent at the Chicago-based firm by planning a mass exodus of key employees for a newly launched competitor across town. But Joseph Caltabiano, the company’s former senior vice president of mortgage lending, denies the allegations.
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Senate Banking Committee Advances Reg Relief Bill With Substantial Mortgage Reform

December 6, 2017
Thomas Ressler
Can it be? A bi-partisan reg relief measure that helps the mortgage industry?
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Production, Servicing Profits Up in 3Q17

December 6, 2017
John Bancroft
Servicing income rose 1.5 percent during the third quarter, although five of the 12 companies reported declines and one of them – PHH Mortgage – posted a loss.
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Redwood Unveils Expansion Plans: Funding Nonbanks and Lending on Investment Properties

December 6, 2017
Brandon Ivey
Redwood: “We will offer new ways for these [nonbank] sellers to optimize their capital bases…”
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