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Home » Topics » Inside Mortgage Finance » Originations

Originations
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2014 HMDA Data Revelations: Conventional Market Larger, Deconsolidation Continues

October 1, 2015
John Bancroft
Another noticeable shift from 2013 to last year was the further deconsolidation of originators...
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Jumpstart GSE Reform Bill Reintroduced but ‘Passable’ Reform at a Standstill

October 1, 2015
Carisa Chappell
An earlier version of the bill that Corker tried to fast-track through the Senate did not include the prohibition on using g-fees to pay for unrelated government spending.
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HUD IG Slams loanDepot for Alleged Underwriting Violations on DP Assistance ‘Gifts’

October 1, 2015
Paul Muolo
The IG was actually looking into possible down payment assistance violations at another lender and decided to audit loanDepot because of its high volume of loans with those features.
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Short Takes: FHFA Not Quite Done with the MI Industry? / RealtyMogul.com Enters the Fix-and-Flip Space / Another Vote to Defang the CFPB / As for the CFPB IG… / MCT Hires Former Nationstar Official

September 30, 2015
Paul Muolo and Thomas Ressler
Or as Marc Savitt of the National Association of Independent Housing Professionals put it: “Nothing will pass as long as Obama still has a pen…”
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The CFPB Makes It Official: TRID Approach Will be ‘Diagnostic’ but No Specifics

September 30, 2015
Thomas Ressler
Cordray is pushing hard to see the guidance released before the Oct. 3, 2015, effective date of the TRID rule, which is Saturday.
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CFPB Chief Says ‘All this Foaming at the Mouth’ Over Legal Liability Was All for Naught

September 30, 2015
Brandon Ivey
CFPB Director Richard Cordray believes the mortgage industry overreacted on the issue...
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PIMCO Paid How Much for First Guaranty Mortgage?

September 30, 2015
Paul Muolo
David Lykken, managing partner of Transformational Mortgage Solutions, said he welcomes PIMCO’s investment, believing that it’s a huge positive for the industry.
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Use of Expense Accounts Brought Trouble Under LO Comp Rule

September 29, 2015
Thomas Ressler
The CFPB alleged that expense accounts were really “point banks” and that payments in the form of bonuses and commissions were based on mortgage profitability...
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Short Takes: CFPB Chief Reveals Coming ‘Guidance’ on TRID / Why Jeb Doesn’t Love the CFPB / MSAs a Big Deal, Says Cordray / LOS Vendor Having TRID Problems? / JPM Still a Ginnie Player

September 29, 2015
Paul Muolo and Thomas Ressler
The Texas Republican blamed the CFPB and DFA for raising prices and “cutting off" access to mortgages…
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WinWater’s Latest Jumbo MBS Includes Just One Non-QM Loan

September 29, 2015
Brandon Ivey
Some 71 lenders are contributing loans to the deal, led by Stonegate Mortgage with a 6.9 percent share.
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