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Home » Topics » Inside Mortgage Finance » Originations

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Subservicer Rushmore Launches Consumer-Direct Channel; Former Nationstar Exec Leads the Effort

August 30, 2016
Paul Muolo
While Rushmore’s headquarters is in Southern California, the production operation is based in Dallas, where Steve Mix worked for Nationstar.
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MBA: Servicing Losses Worsen by 36 Percent, But Origination Profits Rise 104 Percent

August 30, 2016
Paul Muolo
The results should surprise few: big gains on production, losses on servicing…
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Short Takes: Bank Says ‘We’re a Subprime Lender Too’ / No Ties to BofA / And the Big Three of Nonprime Lending Are… / REIT Exits NPL Market / Former MGIC Chief Lacy Dead at 71

August 30, 2016
Paul Muolo
The largest nonprime (non-QM) lenders are likely (in no certain order): Citadel Loan Servicing, Deephaven Mortgage and Angel Oak...
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MBA Issues Warning on Lenders Getting Involved in Downpayment Assistance Programs

August 29, 2016
George Brooks
The FHA and the Inspector General of HUD currently are at odds over permissible sources of single-family downpayment assistance offered through housing finance agencies.
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REIT MBS Holdings Up Modestly in 2Q16, but…

August 29, 2016
John Bancroft
Annaly Capital Management remained the top REIT MBS investor despite an 0.8 percent drop in its portfolio.
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Short Takes: Just Because You’re Kicked Off the NYSE, That Doesn’t Mean… / Buying an MB for Diversification Purposes / A 10 Percent Broker Market Share and Holding / Clayton and Angel Oak / Nationstar is Hiring!

August 29, 2016
Paul Muolo
The nation's fourth largest servicer, Nationstar Mortgage, will hold a job fair on Sept. 12 at the Maude Cobb Convention Center in Longview, TX.
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A $2.5 Billion a Year Lender Files IPO Documents. It’s a Bank Though…

August 29, 2016
Paul Muolo
In 2014, FB Financial began retaining more of its servicing rights and now has a $4.0 billion portfolio.
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GSEs Introduce a New Loan Dispute Appeal Process…

August 26, 2016
Carisa Chappell
Fannie Mae and Freddie Mac introduced the IDR program back in February as the final piece to the representation-and-warranties framework.
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Should Residential Loan Officers Worry About Their Jobs and Automation?

August 26, 2016
Paul Muolo
Depending on where they work, mortgage loan officers can earn anywhere from 20 to 100 basis points per loan.
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Debt Sales by Nonbank Mortgage Firms are on the Rise. And Why Not? The Cost of Money is Cheap – for Some

August 26, 2016
One of the fastest-growing top-10 originators, loanDepot, this month came to market with a $150 million debt financing deal that portends good things for other firms looking to raise capital in a tough stock market. “The cost of money has really come down for nonbanks,” said consultant Paul Hindman. The privately held loanDepot disclosed...
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