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Home » Topics » Inside Mortgage Finance » Originations

Originations
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By Selling Assets, Walter Investment Posts a Gain After Years of Losses

May 10, 2017
Paul Muolo
At March 31, Ditech serviced 1.9 million accounts, with an unpaid principal balance of $220.2 billion. During the quarter, the company suffered a net disappearance rate of 13.56 on its MSR portfolio.
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CEO of Finance of America’s ‘Fix & Flip’ Unit Departs a Few Months After Company is Bought

May 10, 2017
Paul Muolo
The fix-and-flip market has been red hot the past few years…
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Originations Down Sharply for Impac in 1Q17, but Firm Remains Profitable; An Emphasis on Non-QM

May 10, 2017
Brandon Ivey
Impac Mortgage is making major run at the non-QM market, advertising its products on cable TV…
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Yet More Red Ink for PHH Mortgage; Loan Production Down 34 Percent from 4Q16

May 10, 2017
Paul Muolo
Glen Messina is slated to step down as CEO in June. He has served as CEO since January 2012.
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Short Takes: Nonprime Lender Angel Oak Hires Correspondent Chief from Freedom Mortgage / A Nice Pay Check if you Can Get Fired / Can the Senate Banking Committee Count? / A QM Exemption? / Former MI, GSE Exec Gets Top Post at HUD

May 10, 2017
Paul Muolo and Thomas Ressler
PHH's new CEO, Robert Crowl, has a termination package that could be worth $4.54 million…
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As Part of ‘Duty-to-Serve,’ GSEs Release Details on Chattel Pilots

May 9, 2017
Carisa Chappell
Fannie and Freddie are being urged to bring liquidity to the “chattel” loan market…
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At Banks, Mixed Trends in Demand for Purchase Mortgages; Underwriting Loosened Slightly in 1Q17

May 9, 2017
Brandon Ivey
For GSE-eligible mortgages, 12.9 percent of the banks surveyed loosened their underwriting standards compared to the previous quarter…
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Banking Sector Sees Significant Drop in Mortgage Banking Income in 1Q17

May 9, 2017
John Bancroft
Only two depositories – HomeStreet Bank and Citigroup – reported a net loss on mortgage banking.
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Short Takes: Pence Economist and GSE Expert Calabria Cancels Speech / Former OCC Chief Eugene Ludwig Pinch Hits / FHFA Notes Chattel Risks / A Sweet Deal for Redwood / Irving Mayor Gets HUD Post

May 9, 2017
Paul Muolo
The FHFA wants the GSEs to provide liquidity to the trailer home market but there are risks...
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Former Fannie Mae, MI Official Adolfo Marzol Named Senior Advisor to HUD Secretary

May 9, 2017
Paul Muolo
During his long career in mortgage finance, Marzol held senior posts at Fannie Mae where he served as executive vice president and chief credit officer...
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