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Home » Topics » Inside Mortgage Finance » Originations

Originations
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MBA on the Next 10 Years: Don’t Expect Much Change in the Homeownership Rate

August 26, 2015
Brandon Ivey
Renters' attitudes about homeownership have shifted, said Freddie Mac...
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CFPB Finds Mortgage-Related Complaints Declining, Led By Ocwen and Nationstar

August 26, 2015
Brandon Ivey
Among the top 10 companies in the complaint database, two mortgage servicers showed improved performance: Ocwen and Nationstar.
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Get Ready: G-Fees Will Rise for USDA Home Loan Program

August 26, 2015
George Brooks
Effective Oct. 1, 2015, the upfront g-fee for USDA purchase and refinance loans will be raised to 2.75 percent from 2.00 percent.
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Short Takes: About That Fed Hike in Rates… / Rates Under 4 Percent with No Points / But Apps are Flat – For Now / LA is Too Much for the Borrower / Auction.com Hires eBay Executive

August 26, 2015
Brandon Ivey and Paul Muolo
A quick check of rates this morning found that firms such as Sebonic and Aurora Financial were offering 30-year fixed-rate loans at 3.75 percent with no points.
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CFPB Rejects Lead-Generation Firm’s Effort to Dismiss CID

August 25, 2015
Thomas Ressler
The lead generation firm argued that the CID’s notification of purpose was too vague and thus failed to comply with legal and regulatory requirements.
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Mortgage Banking Solutions Selling Wholesale Lender

August 25, 2015
Paul Muolo
MBS Managing Partner Chuck Klein said the company in question owns at least $3 billion in mortgage servicing rights...
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MBA: Origination Profit at Independents Almost Flat in 2Q

August 25, 2015
Paul Muolo
The results are based on 354 lenders that submitted production data to the trade group.
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Short Takes: Credit Suisse Readies Another Jumbo Deal / Angel Oak Nonprime MBS? / Parkside Rolls Out Jumbo With Caveats / FHA, PACE and Lien Priority / Barney Frank Back in the Business?

August 25, 2015
George Brooks, Brandon Ivey, and Paul Muolo
Remember the nonprime MBS deal that Angel Oak was working on with Nomura? The transaction may be on again...
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Fannie Mae Unveils ‘HomeReady,’ A Successor Program to ‘MyCommunityMortgage’

August 25, 2015
Carisa Chappell
HomeReady will become part of DU later this year and replaces the MyCommunityMortgage product, which in some circles was known as Fannie’s “subprime” option.
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Despite Trailblazing MBS, Slow Start for Origination of Non-QMs

August 24, 2015
Brandon Ivey
However, the ground breaking MBS from Lone Star did not receive ratings and was not subject to requirements from the SEC regarding the disclosure of third-party due diligence.
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