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Home » Topics » Inside Mortgage Finance » Originations

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New GSE Application Allows for Cell Phone Numbers, Email Address, More. Industry Applauds

August 23, 2016
Paul Muolo
Regarding the omission of cell phone numbers and email addresses, one Florida-based mortgage executive said, “It drove us crazy – of all things not to have in this day and age.”
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Short Takes: A 25 Percent Chance Uncle Sam Will Lose the GSE Lawsuits / Risk-Sharing Depletes Shareholder Value / Former Fannie CEO Mudd Settles with SEC / Mudd’s Second Act Didn’t Last Long / A New Hire for Closing Corp.

August 23, 2016
Paul Muolo
KBW believes all the GSE risk-sharing deals will “put further pressure” on the long-term value of the stocks of Fannie and Freddie…
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Mortgage M&A Activity Continues Apace; Eight Deals in Two Months

August 22, 2016
Paul Muolo
Meanwhile, it’s anticipated that private equity firms could play an even larger role...
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Fannie Reclaims (Some of the) Share it Lost in First-Time Homebuyer Market

August 22, 2016
John Bancroft
By itself, the FHA insured 37.1 percent of first-timer business in the first half of 2016…
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Tennessee Bank FB Financial Files for IPO, Looks to Increase Mortgage Business

August 22, 2016
Brandon Ivey
FB also services roughly $4.02 billion in residential loans…
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MBA’s ‘Profit’ Falls Ever So Slightly; Revenues Increase Along With Salaries

August 22, 2016
Paul Muolo
The top revenue generator for MBA was membership dues at $18.24 million. Its annual convention took in $7.5 million while all other conferences generated revenue of $17.70 million.
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Call Reports Show Modest Increase in Mortgage-Banking Income for 2Q16

August 22, 2016
John Bancroft
The call-report data pose an interesting, and contrary, view of the banking industry’s mortgage-banking activity during the second quarter…
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Mortgage Underwriters Make How Much?

August 22, 2016
Sherry Muolo
Stratmor based its findings on results from 36 companies. Most of the focus was on retail lending.
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Life Under TRID: Delays Ease, Costs Rise, Smaller Loans Less Desirable

August 22, 2016
The CFPB’s TILA/RESPA Integrated Disclosure Rule continues to have mixed results, at least from the perspective of the nation’s mortgage originator community. According to the recently released results of a survey by the National Association of Realtors of mortgage originators during the second quarter of 2016, delays attributed to TRID eased between the first and second quarters of the year, as did lenders’ reluctance to offer pre-approval letters, while cancellations ticked up. Originators were asked, since April 1, what share of their company’s mortgage transactions had been delayed or cancelled due to a TRID-related issue versus non-TRID issues. Mortgages delayed due to TRID ticked barely down, from 1.8 percent in 1Q16 to 1.7 percent in 2Q16. In the fourth quarter ...
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Short Takes: Will Ocwen Come Roaring Back? / A 29 Percent Decline in MSR Contracts / Finally, A Stock Deal / HUD Left Money on the Table / A New Director for Altisource

August 22, 2016
Paul Muolo
Is Ocwen's share price extremely undervalued?
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