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Home » Topics » Inside Mortgage Finance » Originations

Originations
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More of the Same: House GOP Launches Salvos at GSEs, FHA, CFPB

February 4, 2016
Thomas Ressler
As might be expected, the GOP is once again pushing to kill Fannie Mae and Freddie Mac...
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PennyMac Financial Ready to Launch Wholesale Unit

February 4, 2016
Brandon Ivey
Stan Kurland on PennyMac's move into wholesale/broker lending: “We are currently developing the necessary systems and infrastructure..."
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Two Harbors Earns $72.1 Million in 4Q, Will Focus More on MSRs…

February 4, 2016
Brandon Ivey
Two Harbors issued $2.00 billion of jumbo MBS 2015, adding that pricing improved for its deals throughout the year.
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A Half-Dozen ‘Serious’ Buyers of Mortgage Companies?

February 4, 2016
Paul Muolo
As one M&A advisor noted: "Value is in the eye of the beholder."
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Short Takes: The Unforgiving Market for Mortgage Stocks / A Dividend of Almost 14 Percent / All Eyes on PHH Corp. / Midwest Lender Will Pay Borrower if Loan Doesn’t Close On Time / Past FHA ‘Sins,’ Before They Were Actually Sins

February 4, 2016
Paul Muolo
“When is enough, enough? Paying for past sins, sometimes before they were sins. I’m not speaking specifically about Wells Fargo, but in general.” – Marc Savitt, NAIHP president.
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Impac Gets More Aggressive on Non-QM Lending, Hires Channel Development Director

February 3, 2016
Brandon Ivey
Impac is working to increase originations of non-QMs as part of an effort to mitigate against reduced refinance volumes.
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Final Tally: 2015 the Second Worst for MBS Trading Volume

February 3, 2016
Paul Muolo
No wonder Wall Street firms are trimming their fixed-income desks. MBS daily trading continues to struggle…
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KBRA Director: ‘Top Four’ Banks Will Exit Residential Lending or ‘Down Size’

February 3, 2016
Brandon Ivey
Will the last megabank left in the mortgage industry please turn out the lights...
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Nation’s Largest Lender Wells Fargo Settles with FHA for a Record $1.2 Billion

February 3, 2016
Paul Muolo
One observer called the $1.2 billion “chump change” for Wells.
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Short Takes: The Bloom is Off the Rose on the CFPB’s ‘Clarifying Letter’ / Enter Alston & Bird / TRID Errors and 1Q Earnings / Hope for a Non-Agency Revival? / A New Detail on the RCS Deal

February 3, 2016
Brandon Ivey and Paul Muolo
We also are hearing reports that TRID errors and closing delays definitely will be affecting first quarter 2016 earnings, at least for certain nonbanks…
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