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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Social Finance (SoFi) is in Play; JPMorgan Chase the Banker

October 25, 2017
Paul Muolo
What’s SoFi worth? The market may soon find out…
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Industry Urges Congress to Tweak QM Points-and-Fees Cap

October 25, 2017
Thomas Ressler
Moreover, escrowed homeowners insurance premiums may count as “points and fees” due to ambiguous drafting in the regulation…
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Short Takes: MBA CEO Dave Stevens Announces Retirement / The Search for a Successor Begins Now / MBA Bullish on Purchase Lending, Refis Not So Much / All Hail Peyton / President Bolts PrimeLending for Nonbank

October 25, 2017
Brandon Ivey and Paul Muolo
Who will replace Dave Stevens at MBA? The speculation has already begun...
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Originations Continued to Exceed Expectations in 3Q17. The Final Tally: $495 Billion

October 25, 2017
John Bancroft
Among the standouts in terms of lending growth were Freedom Mortgage, Caliber Home Loans, United Wholesale, and Home Point Financial, Inside Mortgage Finance found…
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Mortgage Complaints Filed with the CFPB Fell Yet Again

October 24, 2017
Thomas Ressler
Mortgage servicing-related gripes fell 26.3 percent in the third quarter…
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Flagstar Increased Residential Production by 4.5 Percent in 3Q17

October 24, 2017
Paul Muolo
Flagstar’s origination business was aided, in part, by its acquisition earlier this year of Opes Advisors...
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Nonbanks Mostly on the Sidelines in the HEL Market

October 24, 2017
Paul Muolo
It was thought that Quicken Loans, the nation’s largest nonbank funder, might follow loanDepot’s lead and enter the arena, but so far no...
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HUD Chief Carson: Use of FCA Under Review, but Bad Actors Will be Held Accountable

October 24, 2017
George Brooks
Secretary Carson warned, however, that HUD will continue to hold bad actors accountable for faulty lending practices…
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Short Takes: ‘Zero Capital’ Gets Zero Mention by FHFA Director Watt / Fannie CEO None-Too-Thrilled with ‘Colonial Style’ / Flagstar Cites Sweet Profits from Homebuilder Finance / No Housing Bubble, Says Arch / Capstead Gets a New CFO

October 24, 2017
Brandon Ivey and Paul Muolo
Homebuilder finance is booming at Flagstar Bancorp...
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CFPB Must Provide TRID Cures, Resolve Liability Issues: Chase

October 23, 2017
JPMorgan Chase exhorted the CFPB to address some fundamental flaws in the integrated disclosure rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act – namely, an insufficient capability for lenders to “cure” the inevitable errors that occur and the significant legal liability lenders and assignees face. As the lender spelled out in its public comments to the CFPB regarding its proposed solution to the TRID “black hole” (see following story), these are two significant hurdles that are keeping private capital from returning in full force to the mortgage market. Chase urged the bureau to address a number of unresolved concerns the industry has brought up since the rule was adopted, in order to foster stability and ...
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