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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Walter’s New CEO Tony Renzi Could be a $5 Million Man His First Year

August 16, 2016
Paul Muolo
Compared to the second quarter of last year, revenues at Walter declined an ugly 54.6 percent to $187.5 million. In other words, Renzi has a lot to turn around…
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Sequential Decline in Non-QMs at Impac Blamed on Refi Activity

August 16, 2016
Brandon Ivey
Impac president Bill Ashmore said that at the end of 2Q, the lender had a $115.0 million pipeline of non-QM originations, about level compared to the pipeline the lender had at the end of the previous quarter.
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Short Takes: Another MI M&A Deal in the Works? / Tony Renzi’s Stock Award / Fannie Reviewed Board Seat for CEO / Don Works for Free / Regions Works Out HUD Settlement

August 16, 2016
Paul Muolo and George Brooks
Keep in mind there are just seven MI firms writing new policies today so there are antitrust implications regarding two large players merging...
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FHA Endorsements Increase on Purchase Activity in Second Quarter

August 15, 2016
John Bancroft
The FHA endorsed a total of $61.54 billion of forward mortgages during the second quarter, according to a new Inside FHA/VA Lending analysis and ranking.
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Freedom Mortgage Acquires Sterling National Bank’s Mortgage Origination Operations

August 15, 2016
Brandon Ivey
Freedom had $13.27 billion of originations in the second quarter, up 42.5 percent from the previous quarter, according to Inside Mortgage Finance.
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Arch/UGC Deal Will Give Combined MI Entity a 28.9 Market Share

August 15, 2016
Paul Muolo
According to IMF, UGC ranked first in insurance-in-force of $186.96 billion at midyear. Arch MI was seventh at $33.36 billion.
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Decline in Non-QMs Blamed on Refi Activity

August 12, 2016
Originations of non-qualified mortgages by Impac Mortgage Holdings declined in the second quarter of 2016 after rising steadily since the nonbank launched its non-QM program in 2014. Company officials pointed to low interest rates and demand for refinances of conventional mortgages for the decline. Impac originated $60.3 million in non-QMs in the second quarter, down from $74.0 million in originations in the first three months of the year. “Demand for non-QM loans has ...
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The Industry Caught One Big Break on the TRID 2.0 Proposal: Sharing Disclosures with Others

August 11, 2016
Thomas Ressler
Many lenders were concerned about the privacy implications of giving the borrower's closing disclosure to the real estate agent.
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New MI Has a Stellar Spring, Setting New Business Records in a Booming Market

August 11, 2016
John Bancroft
All seven of the nation’s active MIs reported hefty increases in flow volume…
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Mortgage Brokers Upset with How CFPB Handled Small Business Panel for LO Comp Rule

August 11, 2016
Brandon Ivey
Several mortgage brokers believe their industry wasn’t well represented on the panel…
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