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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Mortgage Applications Down Slightly, but No Need to Panic

December 2, 2015
Sherry Muolo
ARM activity continues to be low at just 6.1 percent of new applications.
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Short Takes: Certain Branches Ready to Bolt Blackstone? / No Market Too Small / Beach Point Nonprime MBS Still on Track / CFPB Issues HMDA Compliance Guide / loanDepot Securitizes Personal Loans

December 2, 2015
Paul Muolo and Thomas Ressler
So, whatever happened to Beach Point Capital’s $70 million subprime MBS? Sources contend the deal is very close with strong investor interest...
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CFPB Doubles $$$ Collected from Penalties but Seems Slow in Redistributing It

December 1, 2015
Thomas Ressler
At the CFPB, penalty money comes in, but doesn't necessarily go out very quickly...
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Nationstar Reveals Ouster of Xome CEO; Analyst Trims Price Target, Stock Falls…

December 1, 2015
Paul Muolo
As part of his departure package, Raman will receive $600,000 in cash severance payments, payable over 52 weeks, but is walking away from unvested stock appreciation rights.
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SFR Manager HomeUnion Enters the Brokering Game; GSE Loans on the Menu

December 1, 2015
Sherry Muolo
HomeUnion Lending is licensed to operate in Alabama, Florida, Indiana, Iowa, and Oklahoma, but plans on expanding its reach to 16 more states by the end of March 2016.
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Short Takes: Xome Isn’t Exactly Uber / Investors Unite Cancels Miami Rally / MBA Wants Seat at Risk-Share Table / New Investor Loan from AOMS /New Hires for Pacific Union

December 1, 2015
Paul Muolo, Sherry Muolo, and Carisa Chappell
Xome isn't exactly Uber, said one Nationstar critic...
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FHA Loan Production Soars; Quicken Dominates Again

November 30, 2015
George Brooks
Quicken Loans once again led the pack in FHA production, funding $3.77 billion in 3Q15, giving the nonbank a market share of 5.14 percent.
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Skyline CEO: Look for More Mortgage Lenders to Offer Personal Loans

November 30, 2015
Paul Muolo
Dallas also sized the comfort level on personal loans, saying the loan amounts would probably be in the range of $10,000 to $35,000.
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BKFS: Home Prices Up 5.5 Percent for the Year

November 30, 2015
Sherry Muolo
According to Black Knight’s home price index (HPI), the average home value is now $253,000, which is still lower than the June 2006 peak of $268,000.
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HUD OIG Issues Alert Regarding Use of Inflated Appraisals in HECM Refis

November 30, 2015
George Brooks
The HUD IG said it has investigated a number of HECM lenders suspected of using inflated appraisals in refinance transactions.
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