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Home » Topics » Inside Mortgage Finance » Originations

Originations
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OCC Pushes for Rebuilding in Distressed Areas

November 17, 2017
Recent guidance from the Office of the Comptroller of the Currency aims to allow banks to originate mortgages with high loan-to-value ratios to help borrowers in distressed areas complete home improvements. The OCC released guidance in August addressing originations of mortgages with LTV ratios above 90 percent, even allowing for LTV ratios above 100 percent in certain circumstances. Keith Noreika, the acting Comptroller of the Currency, discussed lending in ...
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Angel Oak Set to Issue its Third Nonprime MBS of the Year; Bank-Statement Loans 35 Percent of the Collateral

November 17, 2017
Brandon Ivey
Self-employed borrowers whose incomes were determined with bank statements account for 35.0 percent of the collateral.
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Conventional-Conforming Market Tapped into Surging Refi Business in 3Q17, Other Sectors Up

November 16, 2017
Conventional mortgages that meet Fannie Mae and Freddie Mac purchase guidelines remained the biggest source of new home lending during the third quarter, although other product types saw sol-id increases in origination volume as well.
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Conventional-Conforming Market Tapped into Surging Refi Business in 3Q17

November 16, 2017
John Bancroft
Roughly $269 billion of conventional-conforming loans were originated from July through September, according to Inside Mortgage Finance...
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Lenders Start Your Engines: Texas Loosens Home-Equity Regulations

November 16, 2017
Brandon Ivey
The proposition revises the strict fee limits that Texas places on home-equity lines…
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Ginnie Mae President Candidate David Kittle Tells White House He Doesn’t Want the Job

November 16, 2017
Paul Muolo
Kittle was first approached by the White House nine months ago about the job.
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House Panel Passes Bill That Would Override State Usury Laws

November 16, 2017
Thomas Ressler
It remains to be seen whether the language of the bill will be incorporated into the regulatory relief package…
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Academy Mortgage Production EVP Departs

November 16, 2017
Paul Muolo
Nemec oversaw a retail network of 250 branches...
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Short Takes: Another Mortgage Trade Group Chief Announces Retirement / Redfin’s Mortgage Arm Growing Slowly / Annaly Executives Continue to Buy Stock / World Debt and U.S. Mortgage Debt / Resitrader’s Growth

November 16, 2017
Brandon Ivey and Paul Muolo
Annaly executives have purchased $24.3 million worth of company stock in the open market since 2011...
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Watt Likely Won’t Act on Zero Capital Buffer This Year, but Consensus Forming on a GSE Bill?

November 16, 2017
Paul Muolo
Republicans are reportedly on board with the federal MBS guarantee but reluctant to backstop future guarantor entities…
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