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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Nationstar Whipsawed by MSR Marks, Loses $92 Million in 2Q; Revenue Rises Along with Originations

August 3, 2016
Paul Muolo
The company has been diversifying heavily into subservicing contracts and over the past year has struck outsourcing deals with USAA and Seneca Mortgage Servicing.
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Fed LO Survey: Almost 12 Percent of Lenders Doing GSE Loans Loosened Credit in 2Q16

August 2, 2016
Brandon Ivey
However, for the six other loan types tracked by the Fed, mortgage underwriting standards were largely unchanged…
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Freddie Mac Posts $993 Million Profit for 2Q16 Despite $2.0 Billion of Marks on Derivatives; G-Fee Income Up 17 Percent

August 2, 2016
Paul Muolo
Freddie purchased $91 billion of home mortgages from its seller/servicers in 2Q16, a handsome 31.8 percent improvement from the prior period.
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Average G-Fee for 2015: 59 BPs. FHFA Chief Tells Industry Agency is Consistently ‘Re-Evaluating’ the Charges

August 2, 2016
Paul Muolo
Compared to 2011, g-fees (which include LLPAs) have increased a whopping 126 percent.
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Short Takes: Freddie Mac, An ‘Earner’ for Uncle Sam / GSE Investors Wonder: When Do We Get Ours? / Top LO Bolts for New Penn / Oaktree’s Non-QM Volume / Ocwen Readies $500 Million ABS

August 2, 2016
Paul Muolo and Brandon Ivey
Investors in Freddie (and Fannie Mae) common and preferred who bought their shares as a speculative investment are still wondering: Hey, when do we get some of that money?
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Freddie Mac CEO Don Layton: HARP Announcement Coming ‘Soon’

August 2, 2016
Carisa Chappell
In the past, the FHFA has shot down a couple of program myths and emphasized that being significantly underwater doesn’t disqualify borrowers from using HARP…
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Slip Sliding Away: Securitization of ARMs

August 2, 2016
Brandon Ivey
An estimated $46 billion in ARMs were originated in the first quarter of 2016, down 2.1 percent from the previous quarter…
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The Mortgage Angle – Student Loan Debt Only Worth it if You Finish Your Degree

August 1, 2016
Sherry Muolo
Approximately 30 percent of survey respondents aged 18 to 29 said they would put off buying a house because of the burden of student loan debt, according to study done last year by Black Knight Financial services.
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Here Come the Nonbank Earnings. It Could Get Ugly

August 1, 2016
Paul Muolo
According to KBR, falling rates trimmed MSR values by roughly 6 percent.
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Quicken Loses Appeal of NLRB Ruling on Confidentiality/Non-Disparage Clauses in Employment Contract

August 1, 2016
Brandon Ivey
Quicken stated: “The reality is that this decision will have no effect on how we conduct our business.”
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