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Home » Topics » Inside Mortgage Finance » Originations

Originations
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It’s Hard Out There For a Mortgage CEO; Speculation Focuses on PHH

October 13, 2015
Paul Muolo
Meanwhile, it would appear that the revolving door for mortgage CEOs might be taking another spin soon...
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Short Takes: Former White House Vendor Launches Cybersecurity Firm for Lenders / Sen. Corker Backs the GSE ‘Utility’ Concept / Ugoletti Heads for the Private Sector? / LenderLive’s New Hire / Name Change for Vendor

October 13, 2015
Paul Muolo and Carisa Chappell
Sen. Corker, a Republican from Tennessee, no longer wants to kill Fannie and Freddie outright...
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Freddie Predicts Robust Multifamily Market in Most Metro Areas

October 13, 2015
Carisa Chappell
Freddie said that demand has kept pace with new supply, calming concerns that growth might start to decelerate.
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Top-Five GSE Sellers Finally Post a Market Share Gain

October 12, 2015
John Bancroft
Actual GSE sales volume for the top five was down 2.2 percent from the second quarter, but overall Fannie/Freddie business was down slightly more, 3.8 percent.
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Ginnie Mae Ponders ‘Stress Test’ for MBS Issuers

October 12, 2015
George Brooks
Ginnie Mae has expressed concern about the influx of nonbanks into its MBS program and their ability to remain as active participants.
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More Lenders Monitoring Their Loan Officers for Short Rate Locks?

October 12, 2015
Paul Muolo
One mortgage manager, requesting anonymity, said, “We are about to initiate a scorecard now.”
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HUD Denies Fee Waiver in HECM Foreclosure Case Where Non-Borrower Spouses Are Involved

October 12, 2015
George Brooks
“We are hopeful this lawsuit will be resolved quickly so the fee waiver is granted, the data we seek is produced by HUD and the public is granted access to this important information,” the CRC said.
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Short Takes: Ocwen Continues to Shrink its Debt / The Meaning of It All? / Dreams of an Ocwen Sale / All the Good NPL Opportunities are Over? / Clayton Buys Title and AMC Firm

October 12, 2015
Paul Muolo
And keep in mind there are some Ocwen investors who are hoping that the company will be sold and the share price will spike.
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CFPB Guidance on Marketing Services Agreements Goes Over Like a Lead Balloon

October 9, 2015
Thomas Ressler
The guidance doesn’t “tells us anything more than where we were an hour before this guidance came out," according to Michael Barone, a director of legal and regulatory compliance at Lenders Compliance Group.
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Top GSE Sellers Expand Combined Market Share Slightly, Correspondent Channel Grows

October 9, 2015
After a long, steady decline in their combined market share, the top five sellers of home mortgages to Fannie Mae and Freddie Mac posted a modest increase during the third quarter of 2015. The top five sellers delivered $67.66 billion of loans to the two government-sponsored enterprises during the period for a 30.3 percent share of the market, according to a new Inside Mortgage Trends analysis. That was up from 29.8 percent in the second quarter and ... [Includes two data charts]
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