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Home » Topics » Inside Mortgage Finance » Originations

Originations
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A Mortgage Deal Falls Apart? Check the Appraisal

December 15, 2016
Brandon Ivey
In other instances, the home price agreed upon by the buyer and seller might fall within market trends, but the appraiser might not have access to data to verify the value.
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More on the New GSE Scorecard: No Huge Changes in Marching Orders for 2017, But...

December 15, 2016
John Bancroft
Some good news: the FHFA did not mention servicing compensation in the new "Scorecard."
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PennyMac Founder Kurland Gives Up CEO Position, Stays on as Executive Chairman

December 14, 2016
Brandon Ivey
Spector will report to Kurland, who founded the PennyMac family of companies in 2008, two years after being forced out of Countrywide Financial Corp.
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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
Paul Muolo and Carisa Chappell
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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