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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Fannie/Freddie Business Fell Sharply in November, Footprint Shrinking

December 8, 2015
John Bancroft
It's that time of the season: MBS issuance was down 30.6 percent at Fannie and off 17.4 percent at Freddie.
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SF Credit Union Rolls Out No $ Down, $2 Million Jumbo Loan; No MI Too

December 8, 2015
Brandon Ivey
Sky high housing costs in the Bay Area prompts one lender to roll out a $2 million jumbo loan, no money down...
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The ‘New’ Subprime Sector: Small Loan Volumes, Big Interest From Investors

December 8, 2015
Paul Muolo
PE firms and hedge funds are showing a strong interest in the emerging class of subprime residential lenders...
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Origination Profits Tumble Almost 19 Percent in 3Q15 as Costs Rise

December 8, 2015
Paul Muolo
The trade group’s profitability calculation is based on average production volume of $614 million per company in the third quarter.
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Short Takes: Mid-sized Nonbank Open to Offers? / Purchase Lending Looking Up, Way Up / A Revision to the Purchase Number / Tighter Credit is Here / SFR Firm Hires COO

December 8, 2015
Paul Muolo and Sherry Muolo
Time to rejoice: purchase-lending could regularly top $1 trillion a year...
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Mortgage Loan Officers in Demand, Servicing Workers Not So Much

December 7, 2015
Sherry Muolo
According to its website, Movement Mortgage also seeks to hire underwriters, a mortgage licensing specialist and an associate general counsel.
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Hatteras Issues First Jumbo MBS; Stonegate Mortgage Top Contributor

December 7, 2015
Brandon Ivey
Stonegate Mortgage is the top contributor to the deal with a 32.3 percent share, followed by Prime Lending with a 21.6 percent share...
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Short Takes: The New York Times-MBA Dust Up / Risk-Sharing in Jeopardy? / Garrett Advises on an ‘Investor Diet’ / Credit Enhancement and the Hatteras Jumbo MBS Deal / Michigan Mutual Hires Daniel Jacobs

December 7, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
What year-end slow down? Michigan Mortgage is searching for 14 new employees for ten of its 28 locations. A majority of the jobs are for loan officers and underwriter positions...
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Fannie Mae Provides Record Multifamily Financing for NYC’s ‘Stuy Town’

December 7, 2015
Carisa Chappell
However, the note rate was not disclosed. The originator of record is Wells Fargo Multifamily Capital...
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Seasonal Slump: Agency MBS Issuance Down Sharply in November

December 4, 2015
John Bancroft
The refinance market was soft as well. The agencies securitized $37.48 billion of refinance loans during November, down 12.3 percent from the previous month.
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