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Home » Topics » Inside Mortgage Finance » Originations

Originations
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New Home-Equity Lender Could Fund $450 Million in 2017; Seeks to Hire LOs

December 21, 2016
Paul Muolo
Shellpoint owns part of Spring EQ and both firms have common owners.
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Short Takes: NAR Warns House Speaker Ryan Not to Mess with Housing / The Ramifications of Making Changes to the Tax Code / Miami Under Water and Not in Terms of Home Equity / RPM in the Hunt? / Seniors and Home Equity

December 21, 2016
Paul Muolo
A new report from ATOM Data Solutions says concerns about rising sea levels “remain a rarity among most South Florida homeowners and investors"...
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Interest-Only Originations Falter (For Some) in 3Q16

December 20, 2016
Brandon Ivey
After PHH Mortgage, the other top IO producers in 3Q16 were JPMorgan Chase, First Republic Bank, MUFG Union Bank, and Citibank.
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AMC Dominates Third-Party Due Diligence Completed on Non-Agency MBS

December 20, 2016
Brandon Ivey
Fitch said AMC’s market share of due diligence on non-agency MBS was boosted by the acquisition of JCIII & Associates a year ago.
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Ginnie Mae President Ted Tozer Set to Leave Jan. 20, but Would Like to Remain as a Consultant (For a While)

December 20, 2016
Paul Muolo
Since the election, Tozer has met with the Trump Department of Housing and Urban Development “landing team” once, for a 90 minute meeting that included Shawn Krause…
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The NYCB-Astoria Financial Merger is Kaput

December 20, 2016
Brandon Ivey
Consumer advocates were among the groups that opposed NYCB’s acquisition of Astoria…
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New Penn CEO Jerry Schiano Launches ‘Home Equity’ Lender Targeting the ‘Underserved’

December 20, 2016
Paul Muolo
The startup is emphasizing its “user-friendly digital” loan process…
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Short Takes: MSR Markups Could be Off the Charts / Good News for Ocwen, Nationstar, PHH, Others… / Habib on Rates / Greystone’s Freddie MF Loan / Selene Unveils Staff Changes

December 20, 2016
Paul Muolo
Barry Habib of MBS Highway told us the Dow will hit 20,000 and then around mid-January stocks will pull back but “not crash.”
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Fear and Loathing for FHA, VA Stakeholders?

December 19, 2016
George Brooks
The big question is whether FHA, given the much-improved health of the Mutual Mortgage Insurance Fund, will move to lower premiums again…
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A Bullish Sign for Fannie and Freddie? Rep. Mulvaney as Trump’s OMB Director?

December 19, 2016
Paul Muolo
Treasury controls the senior preferred stock of the GSEs. The junior preferred and common continues to trade in the over-the-counter market and through private transactions. The latter two classes of stock are considered speculative in nature.
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