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Home » Topics » Inside Mortgage Finance » Originations

Originations
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A Growing Fear: Using the False Claims Act to Punish Mortgage Servicers

June 29, 2017
George Brooks
Over the past 18 months or so, the DOJ has expanded FCA use to reverse mortgages and loan servicing, according to attorneys Phil Schulman and Kristie Kully…
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House Panel May Take Up GSE Reform After All

June 29, 2017
Carisa Chappell
Rep. Luetkemeyer stresses that housing finance reform is a “very difficult” issue…
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Angel Oak Set to Issue its Largest Nonprime MBS Deal to Date

June 29, 2017
Brandon Ivey
It’s the fourth trip to the nonprime MBS well for Angel Oak…
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The Tally: 54 Nonbanks in the Top 100; Little Change in Mortgage ‘Demographics’ for 1Q17

June 29, 2017
John Bancroft
Banks, thrifts and credit unions accounted for 50.5 percent of first-lien mortgage production by the top 100 lenders in the first quarter, according to survey figures compiled by Inside Mortgage Finance…
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After Stepping Down as PHH CEO, Messina Will Remain as a Consultant, Earning $75K

June 29, 2017
Paul Muolo
Glen Messina is no longer CEO of PHH, but he will be hanging around nonetheless…
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Little Change in Demographics of Mortgage Production in Early 2017 Despite Product Tilt

June 29, 2017
Nearly every cross-section of the mortgage production business saw sharp declines in lending volume during the first three months of 2017, leaving the distribution of new originations virtually the same as last year. Banks, thrifts and credit unions accounted for 50.5 percent of first-lien mortgage production by the top 100 lenders in the first quarter. Their combined volume was down 32.2 percent from the fourth quarter, while the 54 nonbanks in the top 100 had an aggregate decline of 32.6 percent. There was...[Includes two data tables]
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Short Takes: Sen. Crapo: Recap & Release is Not a Solution / MBA Chimes In as Well / FHFA Holds Forum on SFR. Means What? / From Troy to Pontiac for UWM / SoFi’s Big Mortgage Idea

June 29, 2017
Carisa Chappell and Paul Muolo
Maybe GSE 'recap and release' is DOA?
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On the Senate Banking Committee a Consensus for GSE Reform: An Explicit MBS Guaranty is Needed

June 29, 2017
John Bancroft
Committee Chairman Mike Crapo, R-ID, listed maintaining the TBA market and the 30-year fixed-rate mortgage among his important principles for reform…
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(Certain) Nonbanks Ponder the Unthinkable: Owning a Depository

June 29, 2017
Paul Muolo
“This is a big step for them [Movement],” said consultant David Lykken, president of Transformational Mortgage Solutions.
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NAR Asks FHFA to Allow GSEs to Build Capital; Treasury and Panels Get CC’d

June 28, 2017
Paul Muolo
Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.
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