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Home » Topics » Inside Mortgage Finance » Originations

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Short Takes: Stand by Your PHH / The New (Regulatory) Norm for the Mortgage Industry / MPF Jumbo a Dud? / Commercial Production on the Rise / A New Guardian for Guardian

August 6, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
Is now a time to buy into PHH?
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The Fastest Growing Loan Types in 2Q: Jumbos and FHA/VA

August 6, 2015
John Bancroft
Over the winter, the VA program had quietly become a much more significant factor in the government-insured market...
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Redwood Cuts Forecast for Mortgage Acquisitions Due to Competition

August 6, 2015
Brandon Ivey
Redwood executives said competition has cut into margins, prompting the reduction in its forecast.
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Fannie Mae Posts Net Profit of $4.6 Billion; CEO Predicts Less Credit Overlays

August 6, 2015
Carisa Chappell and Paul Muolo
Thanks to second quarter profits posted by Fannie Mae and Freddie Mac, the Treasury Department will be richer by $8.3 billion...
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AIG Secures Indemnity Reinsurance for $300 Million MI-Backed Bond

August 6, 2015
George Brooks
The AIG transaction, which would transfer risk from UGI to investors, resembles previous bond deals executed by Radian and MGIC.
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PHH Posts $62 Million Loss; Stock in a Free Fall; PLS Client Walks

August 6, 2015
Paul Muolo
PHH would not name the private label client that did not renew.
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Jumbo, Government Programs Excel in Second Quarter’s Booming Purchase-Mortgage Market

August 6, 2015
The fastest-growing sectors of the mortgage market during the second quarter of 2015 were jumbo loans and government-insured production, according to a new Inside Mortgage Finance ranking and analysis. The conventional-conforming segment remains the biggest piece of the mortgage market, accounting for 52.8 percent of originations during the second quarter. Back in early 2013, when refinance activity accounted for three of every four new home loans, the conventional-conforming share was 68.1 percent. Lenders generated...[Includes two data charts]
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Congress Expands Reporting for Mortgage Interest, Hoping to Raise $180 Million a Year

August 6, 2015
A highway funding bill signed by President Obama late last week included a provision aimed at collecting more taxes related to interest payments on mortgages. The mortgage industry noted that it won concessions on the provision, delaying the implementation date and limiting the amount of data to be collected. The brunt of the new revenue also looks as though it will be collected from borrowers. H.R. 3236, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, included a seemingly simple provision regarding the reporting of mortgage interest on IRS Form 1098. Servicers use the form to report mortgage interest of $600 or more received during a year. The highway funding bill will require...
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Two Stunners: Ginnie Issuers Pump Out a Record $45.5 Billion; Ginnie Issuance Tops Fannie’s

August 5, 2015
John Bancroft
The last time Ginnie Mae was the top agency issuer was in January of 2009...
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WJB and RPM Mortgage Settle Suit Over Alleged Theft of Customer Data

August 5, 2015
Paul Muolo
The case caught the attention of many loan officers and managers because it centered around the basic issue of what type of client information an LO can take with them when they depart one organization for another.
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