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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Private MIs Gained Ground in 3Q17, but VA Shined the Most

November 9, 2017
John Bancroft
Arch MI remained the top private insurer in the third quarter and year-to-date, although its competitors gained some ground…
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Impac Posts Small Profit for 3Q17. Nonbank Says it’s Not for Sale

November 9, 2017
Paul Muolo
Impac says it’s not for sale, but sources contend the company is pitched by investment bankers quite frequently…
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Short Takes: $250K a Year in Severance for Impac President / Capital One will Remain in Multifamily / Goldman Wins Fannie Mae Bid / Quicken Gets Some Company at the Top / A New Hire for AmeriFirst

November 9, 2017
Paul Muolo and Thomas Ressler
Although Capital One is exiting single-family lending, the bank will continue to provide “specialized" multifamily financing...
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PennyMac Focuses on Originations and Servicing Growth With Launch of Wholesale Channel, Tech Development

November 9, 2017
PennyMac Financial Services is set to launch broker-direct originations, complementing its correspondent production and retail originations. Officials note that in-house technology development plays a major role in the nonbank’s efforts to increase originations and servicing.
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Capital One Quits Mortgage Finance; Will More Lenders Follow in Its Tracks?

November 9, 2017
Capital One this week announced that it’s throwing in the towel on mortgage finance, laying off staff and shuttering offices in an attempt to improve profits. And now comes the big question: will other banks follow in its wake?
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Lenders Tout Downpayment Protection Option for Borrowers Against Unpredictable Market Downturns

November 9, 2017
A few mortgage lenders are offering a purchase-loan option that provides protection to borrowers who make a downpayment on their house and later have to sell at a loss due to a decline in value.
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Tough Times for Reverse Lending as Some Large Nonbanks Plan to Exit and FHA Premiums Are Up

November 9, 2017
Two of the nation’s largest reverse mortgage lending platforms are on the auction block with a third contemplating an exit via a servicing sale. Coupled with higher upfront premiums on the product, all is not well with the sector.
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Capital One Will Exit Mortgage Business but will Keep MSR Portfolio

November 8, 2017
Paul Muolo
Back in February, Capital One’s Senior Director of Home Loans Eric Declercq left the company for a position at loanDepot.
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New HMDA Data Privacy Concerns Emerge in Wake of Data Breaches

November 8, 2017
Thomas Ressler
Heightened concerns have emerged about the effectiveness of the CFPB’s information security systems…
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Another Quarterly Loss for PHH; Revenues Down Too but New CEO Sees Hope

November 8, 2017
Paul Muolo
Despite the red ink, PHH’s board approved a new $100 million share repurchase authorization…
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