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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Surprise: Ocwen Earns a Profit for 3Q16, but Revenue Slips While Company Cites Unpaid Settlements

October 26, 2016
Paul Muolo and Brandon Ivey
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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Freddie Tweaks ‘Loan Advisor’ Product, Offers No-Cost Automated Appraisals

October 24, 2016
Paul Muolo
Freddie said the revised suite is “designed to take costs out of the loan origination process.”
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Short Takes: FHFA Chief Mel Watt: Embrace Change, Folks / Halfway to Five Years / MBA’s Stevens Makes Reference to FHA Lawsuits / For Wells Fargo, the Fallout Continues

October 24, 2016
Paul Muolo and Brandon Ivey
For Mel Watt, he's at the halfway point...
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