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Home » Topics » Inside Mortgage Finance » Originations

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‘Digital’ Lender Better Mortgage Hopes to Triple Production This Year, Ponders an IPO

April 13, 2017
Paul Muolo
According to President Jerry Selitto, the company used traditional LOs when it launched in 2016, but then switched gears “after we realized that’s not the model we wanted.”
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‘Tappable’ Home Equity Hit $4.7 Trillion in Late 2016, a 10-Year High

April 13, 2017
Thomas Ressler
December 2016 represented the 56th straight month of annual home price appreciation, with values rising 5.5 percent over the course of the year…
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Short Takes: Assessing Wells Fargo / Did the Account Fabrication Scandal Play a Role? / Watching the Yield on the 10-Year (Fall) / Better Mortgage Believes it Has a Better Idea on LO Comp / SFIG Prepares the Next Phase

April 13, 2017
Paul Muolo and Brandon Ivey
For Wells, the bigger question might be: did its “account fabrication” scandal of 2016 (which is still reverberating at the company) affect its mortgage business?
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Jumbo Lender First Republic’s 1Q Originations Slip Almost 18 Percent, but Strong Improvement in Gain-on-Sale

April 13, 2017
Brandon Ivey
Home equity lending at First Republic totaled $414.3 million in the quarter, off 8 percent from the prior period.
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An Ominous Sign? Residential Production at Wells Fargo Slumps 39 Percent; JPM Not as Bad

April 13, 2017
Paul Muolo
Then again, compared to the same period a year ago, Wells' production is just about flat...
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Nonprime Lenders May See a Banner Year in 2017

April 13, 2017
“Ever since Trump was elected, we’ve been so busy,” said Citadel founder and CEO Dan Perl…
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Short Takes: Ed DeMarco and TBTF / An Accomplishment: G-Fee Parity / Hensarling’s Donors / GSEs Stay Busy on the Multifamily Front / What Mortgage Directors Earn

April 13, 2017
Paul Muolo
In 2012, the g-fee disparity fell to about 6 bps. By 2013 it was just about gone. And you can credit Ed DeMarco…
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CFPB Proposes HMDA Rule Clarifications

April 13, 2017
Thomas Ressler
One change would facilitate reporting the census tract of a property, using a new geocoding tool that the CFPB plans to provide online.
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CitiMortgage’s Third-Party Servicing Portfolio Plummets 66 Percent; Lending Off 32 Percent

April 13, 2017
Paul Muolo
It’s a safe bet that CitiMortgage will no longer be a top-10 ranked residential servicer…
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Financial Services Roundtable Names Former FHFA Director Ed DeMarco President of its HPC

April 12, 2017
Carisa Chappell
In June of last year, DeMarco co-authored a Milken Institute white paper entitled “Why Housing Reform Still Matters." In it, he argues: "…we need to preserve the liquidity and capacity of an active, globally financed MBS market…”
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