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Home » Topics » Inside Mortgage Finance » Originations

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Housing Outlook Remains Stable, But First- Timers Face Affordability, Credit Challenges

June 23, 2016
The housing market has been fairly stable in 2016, but industry insiders say decreased affordability and credit access could impede the multiyear housing recovery. With interest rates lower than expected, the Mortgage Bankers Association raised its 2016 origination forecast to $1.60 trillion in May from its January projection of $1.38 trillion. It expects purchase originations to increase in 2017 and 2018, thanks to economic growth and a strong job market. But many first-time homebuyers may be...
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The Final Jumbo Tally for 1Q16: Just a Shade Over $100 Billion, Including GSE Loans

June 22, 2016
John Bancroft
There is a fighting chance that agency high-cost limits could go up in 2017.
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CRT Capital Group Pulls the Plug on Sterne Agee CRT; Firm Followed Several Mortgage Stocks

June 22, 2016
Paul Muolo
CRT Capital’s backers include Aquiline Capital Partners, which 18 months ago bought a large stake in subservicer/service provider LenderLive.
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25 Trade and Community Groups Tell FHFA Chief Mel Watt: Kill LLPAs Now

June 22, 2016
Paul Muolo
The mortgage industry and others want LLPAs eliminated now...
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Federal Regulators Plead for Housing Finance Reform Legislation, Note They are ‘Approaching the Limits of their Ability to Enact Reform’

June 22, 2016
Brandon Ivey
Financial regulators tell Congress: Do something now on GSE reform before it's too late...
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Short Takes: FHA Ready to Cut the MIP? / 100 Guests at Ginnie Liquidity Summit / In Demand: Mortgage Underwriters / Citadel Employee Count at 160 and Growing / Freddie Keeps Selling NPLs

June 22, 2016
Paul Muolo and Carisa Chappell
Roughly 100 guests were invited to the Ginnie Mae "liquidity summit," including regulators from the Federal Reserve.
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Reverse Lending Rises 7.7 Percent in 1Q16; Nonbanks Continue to Dominate the Sector

June 21, 2016
George Brooks
American Advisors Group remained as the alpha dog of the reverse lending pack, producing $525.7 billion in HECMs during the first quarter…
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Carrington Will Fund GSE Loans Via Mortgage Brokers

June 21, 2016
Paul Muolo
Although Carrington does not disclose lending volumes, at March 31, it was the 10th largest servicer of Ginnie Mae loans with a balance of $32.25 billion, according to government data.
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PennyMac Adds Non-Delegated Option to Correspondent Program. The Cost: $495

June 21, 2016
Brandon Ivey
PennyMac is hoping non-delegated deliveries become an attractive option for many of its customers…
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Short Takes: CFO of Marketplace Firm Departs / The Coming Bloodbath in Marketplace Lending? / More Non-Delegated Options for Sellers / MiMutual Posts Nice Production Gain / He’s Back: GSE Wag Bill Maloni

June 21, 2016
Paul Muolo and Brandon Ivey
Consultant Joe Garrett noted that if investors are worried about marketplace lenders in the current credit environment, just wait until the economy eventually goes south...
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