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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Reliability of a Lender’s Preapproval a Key Factor in Mortgage Recommendations from Real Estate Agents

April 2, 2015
If preapproval letters from certain lenders are routinely unreliable, real estate agents tend to suggest that homebuyers apply for a mortgage with a different lender, according to new research by Campbell Surveys, based on a national survey sponsored by Inside Mortgage Finance Publications. “Agents are sometimes skeptical of mortgage providers selected without their consultation,” said Tom Popik, research director of Campbell Surveys. Before working with a potential homebuyer, real estate agents largely prefer...
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Short Takes: Fannie’s First NPL Sale Draws Near? / Former Subprime Executives Stage a Comeback / Golden First Settles with FHA for $36 Million / BofA Top Seller to Freddie

April 2, 2015
Paul Muolo and George Brooks
According to an informational circular on Angel Oak Mortgage Solutions, some of the top executives at the firm used to work for Southstar Funding in Sandy Spring, GA.
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Industry Vet Newman Unveils Expansion Plans for New Mortgage Acquisition

April 2, 2015
Paul Muolo
Maverick, which will take on the Home Point name, services roughly $1 billion in home mortgages.
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Thanks to Refis, A Sweet Issuance Quarter for Fannie and Freddie

April 2, 2015
John Bancroft
Refinance loans accounted for over half (62.2 percent) of total GSE business during the first quarter...
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Zacks Goes Against the Grain and Downgrades MGIC

April 2, 2015
George Brooks
Zacks Investment Research downgraded MGIC Investment Corp. by two notches...
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Former FDIC Chief Isaac: No Capital for the GSEs is a Bad Idea

April 2, 2015
Carisa Chappell
In years past, some have likened Fannie and Freddie to being giant thrift institutions...
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Impac’s 1Q Volume Surge Aided by CashCall Acquisition

April 2, 2015
Brandon Ivey
Tomkinson plans to increase CashCall’s licensing by an additional 30 states within 60 days.
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Short Takes: A Record Production Month for One Lender / Another LLPA Change From Fannie Mae / Trouble for Altisource Residential? / Auction.com Updates Forecast / Former Fannie Chief Mudd Appears in Court

April 1, 2015
Paul Muolo
Former Fannie Mae CEO Daniel Mudd testified Tuesday in a civil trial over losses the GSE suffered on nonprime MBS...
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The Problem with 2014 Mortgage Profits: A Weak Return on Originations

April 1, 2015
John Bancroft
Residential originations for the group fell 45.7 percent from 2013, indicating that profit margins shrank slightly more than production volume.
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Lenders Feel Good About Loan Production This Year, Well Sort Of

April 1, 2015
Paul Muolo
According to a March forecast, Fannie Mae estimates that $1.239 trillion of residential loans will be funded this year.
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