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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Three Investors Win Bid for $963 Million of Freddie Mac NPLs; Loans Serviced by Wells and Ditech

October 5, 2016
Paul Muolo
Roughly 48 percent of the loans were previously modified and then became delinquent again.
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‘Service Levels’ Prompted KB Home to Switch Lender Partnership from Nationstar to Stearns

October 5, 2016
Brandon Ivey
KB Homes CEO Jeff Mezger said Stearns’ lending platform is far more efficient than Nationstar’s…
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TRID Compliance Reviews So Far Have been ‘Diagnostic’ in Nature

October 5, 2016
Thomas Ressler
One attorney noted that in his opinion state regulators are still learning the rule…
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Short Takes: Another Year, Another Issuance Record for Ginnie / 3Q16 Looks Like a Blowout Quarter / KB Will Take a Financial Hit on NSM JV / Redwood Readies New Jumbo MBS / New Chief for Appraisal Organization

October 5, 2016
Paul Muolo and Brandon Ivey
A blowout 3Q16 for residential originations and MBS issuance?
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TRID Comment Letters Keep Rolling In; LOs Coaching Borrowers to Trust Them?

October 4, 2016
Thomas Ressler
“In no other industry could you say you are charging a high fee and just promise it to be lower when you arrive for closing,” one commenter said.
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Short Takes: PHH’s Disclosure Was Long Expected / Doomed? / PHH Asks for ‘Confidential Treatment’ / Compliance Can Cost / Expanded HMDA Collections Coming Soon

October 4, 2016
Paul Muolo and Thomas Ressler
PHH also wants certain information kept confidential...
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Fresh HMDA Data Show a Surge in Refi and Govt. Purchase Loans Sparked Production Last Year

October 4, 2016
John Bancroft
Interestingly, new originations increased slightly more than the 31.2 percent increase in new applications filed during the year.
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Yet Another Lender Settles FHA Claims: PRMI of Utah

October 4, 2016
Paul Muolo
According to a mid-year ranking by Inside FHA/VA Lending, PRMI ranks 15th nationwide among all FHA lenders.
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BofA Finally Pulls the Plug (in its Entirety) on the Merrill Lynch-PHH Private-Label Contract

October 4, 2016
Paul Muolo
In the new SEC filing, PHH notes: “Merrill Lynch originations will contribute approximately $45 million of pre-tax earnings for fiscal year 2016 based on the company’s estimate of Merrill Lynch loan closing volume for 2016.”
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Mortgage Complaints to the CFPB Fell Again During the Third Quarter

October 3, 2016
Further empirical confirmation of a recovering mortgage market continued to accumulate at the CFPB during the third quarter, as related consumer complaints dropped 19.8 percent, according to a new analysis by Inside the CFPB. For the first nine months of 2016, consumer gripes about their mortgages fell 8.4 percent compared to the same time period the year before. Criticisms about mortgage servicing fell 21.8 percent quarter-over-quarter and 2.0 percent year-over-year, the data show....
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