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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Millions of Borrowers Foreclosed On During Financial Crisis Near Eligibility for a New Mortgage

October 27, 2016
Brandon Ivey
“The opportunity for this group to qualify for mortgage loans is growing,” said Experian.
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Ocwen Finally Earns a Profit; Stock Soars; Questions Remain

October 27, 2016
Brandon Ivey and Paul Muolo
Ocwen funded $1.2 billion in “forward” mortgages and an additional $213 million of reverse loans. In 2Q16 it funded $1.32 billion.
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HUD Sets Conditions for Lower Occupancy Rates on Condos

October 27, 2016
George Brooks
HUD has eased condo requirements, effective immediately. Lenders and Realtors start your engines…
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Arch MI Unit Has Blowout Quarter, Underwriting Income Up 119 Percent

October 27, 2016
Paul Muolo
This past summer, Arch agreed to buy United Guaranty, the market leader in the MI space.
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Short Takes: Will Ocwen See $60 a Share Again? / Challenges Remain / Ocwen’s Shrinking Employee Base / LPMI Competition Reduced? / Alterra Hires Former Prospect Executive Murray

October 27, 2016
Brandon Ivey and Paul Muolo
Ocwen had an average of 7,484 employees in the third quarter of 2016, down 12.3 percent from 3Q15...
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Mortgage Originations Hit Estimated $580 Billion In 3Q16, Nonbanks Claim Over Half the Market

October 27, 2016
The U.S. mortgage market produced an estimated $580.0 billion of first-lien originations during the third quarter of 2016, according to a new Inside Mortgage Finance analysis and ranking. That was up 13.7 percent from the second quarter, and it marked the strongest origination cycle since the fourth quarter of 2012, when $584.0 billion of new loans flowed through the pipes. The robust third quarter brought year-to-date originations to $1.470 trillion, up 8.9 percent from the first nine months of 2015. Lender feedback and agency mortgage-backed securities data suggest...[Includes two data tables]
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Missing in Action: Mortgage Banking M&A

October 26, 2016
Paul Muolo
There has yet to be a “large” mortgage M&A deal announced this year other than the pending sale of EverBank to TIAA.
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Lenders Press the CFPB to Continue Its ‘Diagnostic’ Approach

October 26, 2016
Thomas Ressler
The ICBA noted that community banks have invested heavily in complying with the disclosure rules, but the complexity of the requirements has made it inevitable that some will be found non-compliant.
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A Big (Sort of) Mortgage M&A Deal – But in the Commercial Space

October 26, 2016
Paul Muolo
On average, the California-based GEMBC facilitates roughly $800 million of commercial mortgages a year.
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MBA: Originations Look Decent for 2017

October 26, 2016
Paul Muolo
The higher purchase-money estimate – released at the MBA annual in Boston – is predicated on stronger household formations coupled with employment growth and rising wages.
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