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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Government Mortgage Insurance Programs Make a Run on Private MIs; The FHA Premium Cut a Factor?

May 14, 2015
John Bancroft
Although the FHA has been losing ground for several years to the private MIs, the program saw a surge in refis in March...
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FHFA Chief Still Hasn’t Made Up His Mind on Captives and FHLB Membership

May 14, 2015
Paul Muolo
To date, the FHFA has received 1,300 comment letters on the proposed ban on captive insurance firms.
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Preparedness is Crucial to Surviving a CFPB Audit

May 13, 2015
George Brooks
A CFPB lending exam can take up to six months to complete and can be quite expensive over time...
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Nonprime Lender Citadel Now Has Almost 1,400 Approved Brokers

May 13, 2015
Paul Muolo
CEO Dan Perl noted that the lender will surpass $30 million of fundings in May, a record for the company.
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Short Takes: 40-Day Delays in Closings Because of TRID? / Good News Though / NAIHP Weighs in on TRID / Cordray Skips Out of NAR, Angering Many / Ocwen’s Head Count

May 13, 2015
Paul Muolo, Thomas Ressler, and Brandon Ivey
Plenty of attendees at NAR were steamed that after CFPB Director Richard Cordray made his remarks about TRID that he left the meeting without taking a single question from the audience.
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A Frothy Mortgage Employment Market: Signing Bonuses for Underwriters and Processors?

May 13, 2015
Paul Muolo
Financial consultant Paul Hindman, however, is concerned about such bonuses...
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Sen. Shelby’s Bill Includes ATR Fix for Portfolio Loans

May 13, 2015
Thomas Ressler
Also, the mortgage cannot have been acquired through securitization, nor can it have certain verboten features.
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Shelby's Bill Would Alter the Common Securitization Platform

May 13, 2015
Paul Muolo
To date, CSS has yet to perform a beta test and has a “black budget” whose details are only known to Fannie, Freddie and their regulator.
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MBA Sends 22-Page Letter to CFPB Asking Specific Questions About TRID

May 12, 2015
Paul Muolo and Thomas Ressler
As the TRID deadline moves closer, industry anxieties are getting stronger and more specific in nature.
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Short Takes: Former FHA Chief Stands With Quicken / No FCA for Stevens / Cherry Hill Posts Small Loss / Nomura Loses / Biweekly Provider in CFPB Crosshairs / Milestone for DocMagic

May 12, 2015
Paul Muolo, Thomas Ressler, Brandon Ivey, and Carisa Chappell
Stevens also said that while he was FHA commissioner he chose not to go after lenders for violating the False Claims Act because he said such actions would have opened a “Pandora’s Box.”
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