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Home » Topics » Inside Mortgage Finance » Originations

Originations
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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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Short Takes: What a Trump White House Means for the GSEs / PHH Will Release 3Q16 Results on Election Day / Wedbush Initiates Coverage of PHH / Freedom From Reps & Warrants? / The First Hispanic-American MBS Chair / New Hires for Silver Hill

October 26, 2016
Paul Muolo
Wedbush's Henry Coffey notes that PHH is “facing a number of challenges,” including a struggle to restore profitability…
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Surprise: Ocwen Earns a Profit for 3Q16, but Revenue Slips While Company Cites Unpaid Settlements

October 26, 2016
Brandon Ivey and Paul Muolo
Ocwen, which in the past has been sanctioned by regulators for some of it servicing practices, also disclosed $10.0 million of additional reserves for a potential California regulatory settlement and $7.0 million of incremental reserves for a previously disclosed letter dating issue.
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Realty Giant RE/MAX Launches Mortgage Brokerage Franchise. The Concept: One-Stop Shopping

October 25, 2016
Brandon Ivey
Pairing real estate agents with loan brokers? RESPA attorneys start your engines...
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An Almost 10 Percent Gain in Originations for Flagstar

October 25, 2016
Paul Muolo
At Flagstar, refinances accounted for 57.6 percent of originations compared to 54.2 percent in the second quarter.
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Short Takes: PHH Losing Employees? / Lenders Left Out in the Cold on Front-End Risk Sharing / RESPA Attorneys, Start Your Engines / Will the CFPB Review It? / A New TPO Hire for Stonegate Mortgage

October 25, 2016
Paul Muolo
Some loan brokers we spoke with were skeptical about the RE/MAX concept...
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First-Time Homebuyer Share of Residential Purchases Falls to Level Last Seen in 2014

October 24, 2016
Brandon Ivey
Back in May, the reading for first-time homebuyers was 40.4 percent.
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Monday Morning Mortgage Shocker: Genworth Being Sold to Chinese Company

October 24, 2016
Paul Muolo
Since Genworth is a counter-party to Fannie Mae and Freddie Mac, the GSEs must approve the change of control as well.
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CBO Says Even if GSE Plaintiffs Prevail, Treasury Would Still Get Most of the Earnings of Fannie and Freddie

October 24, 2016
Paul Muolo
CBO’s comments were contained in a report that takes a “what if” approach to allowing Fannie and Freddie to retain as much as $5 billion of capital a year for 10 years...
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Retail Channel was Dominant Source of Jumbos in First Half

October 24, 2016
John Bancroft
Jumbo lending has a much more retail focus: the vast majority of loans are originated for portfolio or, in the case of non-depositories, sale to a bank or other portfolio investor.
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