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Home » Topics » Inside Mortgage Finance » Originations

Originations
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An Odd November: Fannie Mae MBS Issuance Falls, Freddie Mac’s Increases

December 14, 2016
John Bancroft
Chase, which often has wide swings in its monthly GSE activity, increased its Freddie issuance by 46.1 percent from October to November, while reducing its Fannie activity by 2.5 percent.
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When the Going Gets Tough, Some Lenders Start Cutting Fees

December 14, 2016
Paul Muolo
“Roughly 30 to 40 percent of our customers are eligible to waive escrows,” said UWM CEO Mat Ishbia.
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Mortgage Applications Drop 4.0 Percent, but Refi Share Rises

December 14, 2016
Paul Muolo
Some industry executives believe the recent spike in interest rates could prove temporary.
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Investors Still Worried About TRID 2.0, Including PIMCO

December 14, 2016
Thomas Ressler
PIMCO believes the CFPB should expand the available post-consummation cures under the rules to cover good-faith errors made on the loan estimate form…
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Short Takes: More FHA Commissioner Candidates? / Others… / GSE ‘Chattel’ Lending, A Work in Progress / Mortgage Complaints Drop / Closing Corp. Hires Former Black Knight Official

December 14, 2016
Carisa Chappell and Paul Muolo
At least four names have surfaced for the FHA job in the Trump administration...
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PHH Readies Response to CFPB Appeals Court Directive

December 13, 2016
Thomas Ressler
PHH, the nation’s eighth largest originator, has offered no guidance on when it might file, except to say, “We will file no later than that date [Dec. 22].”
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Details Emerge on New SoFi Jumbo MBS: A $169 Million Deal

December 13, 2016
Brandon Ivey
No 2016 volume figures were available on SoFi, though last year the privately held nonbank funded $372.2 million, according to one presale report.
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Loan Officer Compensation: 45 Percent of Firms Pay 76 to 150 BP

December 13, 2016
Paul Muolo
However, some nonbank executives feel that with originations expected to decline in 2017, it may time to cut back on compensation paid to LOs.
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Will Higher Rates Crush Originations in 2017? Freddie Mac Thinks So

December 13, 2016
Brandon Ivey
Freddie Mac believes that refis will decline by 53.0 percent from 2016 to 2017…
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Candidates for FHA Commissioner: Homebuilder Ed Brady and HFSC GC Clinton Jones

December 13, 2016
Paul Muolo
The FHA commissioner in the Trump White House will have final say on the key issue of adjusting FHA premiums and loan sizes, and likely would have input on GSE reform.
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