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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Four More Nonbanks May Fail Because of TRID?

April 12, 2016
Paul Muolo
As IMFnews reported recently: one nonbank lender had a $910,000 jumbo mortgage rejected by a secondary market buyer because of a $19 TRID-related mistake on the disclosure form.
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Much at Stake for Industry in PHH Legal Challenge; Is the CFPB ‘Constitutional’?

April 12, 2016
Thomas Ressler
Another disturbing wrinkle was CFPB Director Richard Cordray rejecting an administrative law judge’s proposed penalty of $6.4 million against PHH and instead jacking it up to $109.2 million...
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LenderLive Quits the Due Diligence Business

April 12, 2016
Paul Muolo
Seehausen stressed that due diligence reviews never became a big part of the company’s product offerings...
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It’s Official: New Lower MIPs on FHA Multifamily Mortgages

April 12, 2016
George Brooks
Additionally, the annual MIP for affordable mixed-income properties has been lowered to 35 bps...
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Short Takes: Share Price of Fannie and Freddie Spikes. Here’s Why… / Does Bernie Sanders Know About This? / Salaries Revealed at Stonegate Mortgage / Silver Hill Rolls Out New Multifamily Loan / Foreclosure Fall – Again

April 12, 2016
Paul Muolo
Fannie's CFO McFarland made her disclosure around the same time the U.S. Treasury changed the terms of the GSE bailout...
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Monday Morning Shocker: Merrill Lynch Tells PHH to Take a Hike on Private Label Originations – and Servicing

April 11, 2016
Paul Muolo
Big trouble for PHH? Its stock is getting clocked.
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Wells Fargo Settles FHA Claims for $1.2 Billion; Who’s Next?

April 11, 2016
Paul Muolo
As recently as this past summer, there was talk in the industry that Wells Fargo might counter-sue the government...
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Ginnie Mae Market Slumped in 1Q16, But...

April 11, 2016
John Bancroft
Early 2016 was the slowest market in a year for Ginnie MBS production...
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Lending Home Claims to be the Largest ‘Marketplace’ Lender in Mortgages

April 11, 2016
Brandon Ivey
Marketplace lenders connect borrowers with institutional and individual investors while eschewing traditional warehouse lines of credit...
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Fifth Third’s HELOC Deal: a 1.99 Percent Start Rate; High FICOs Though

April 11, 2016
Brandon Ivey
The bank offers HELOC line amounts up to $500,000 and a maximum loan-to-value ratio of 70.0 percent.
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