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Home » Topics » Inside Mortgage Finance » Originations

Originations
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HUD Delays HECM Financial Assessment Requirement

February 19, 2015
George Brooks
Issued in November of last year, the requirement was slated to apply to all HECM mortgages with case numbers issued on or after March 2, 2015.
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Freddie Posts Meager Earnings of Just $227 Million, but Says Not to Worry, It’s All About Derivative Accounting

February 19, 2015
Paul Muolo
After Freddie Mac makes its next dividend payment in March to the U.S. Treasury, the GSE will have returned $91.8 billion to the government versus financial assistance draws of $72.3 billion.
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Private MIs Lost Some Ground to FHA in 2014, but Ended Year with Solid Gains

February 19, 2015
John Bancroft
Meanwhile, the private MIs reported just $1.24 billion of new HARP business for the fourth quarter.
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VA Loan Production on a Tear in 4Q, But Agency Light on Details

February 19, 2015
George Brooks
John Bell, assistant director for loan policy at the VA Home Loan Guaranty Service, said VA streamline refinancings rose 18 percent year over year...
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Applications Drop by Double Digits; Suddenly, Some Nervousness on Rates

February 18, 2015
Paul Muolo
Warehouse lending executives interviewed by IMFnews the past week are reporting healthy usage rates from their nonbank clients...
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Short Takes: Would You Buy Ocwen Now? / MIAC Offering MSRs / Sindeo Secures Investment / Fannie Rolling Out New Version of DU / Clayton Hires Former Subprime Executive

February 18, 2015
Paul Muolo and Brandon Ivey
Ocwen’s massive servicing portfolio (roughly $377 billion in UPB) is worth more than the entire market capitalization rate of the company...
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GSE MBS Issuance Down in January as Refis Sputtered

February 18, 2015
John Bancroft
Freddie Mac actually increased its monthly volume by 7.3 percent from December levels, but Fannie Mae’s production fell 15.6 percent.
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PHH Posts a Loss, Declining Revenue and Lower Originations; The Merrill Contract?

February 18, 2015
Paul Muolo
Analysts who follow the company are keenly aware that the Merrill contract accounts for 29 percent of PHH’s annual production.
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Final GSE Multifamily Tally: $56.9 Billion

February 18, 2015
Thomas Ressler
Over the past few years there has been some debate about the role Fannie and Freddie play in the multifamily sector with GSE critics pushing for the two to scale back their involvement.
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Freedom Mortgage Close to Meeting Hiring Goal; May Hire Even More

February 17, 2015
Paul Muolo
Among originators, Freedom Mortgage ranks 10th. In 2014 it funded $23.63 billion, a 48 percent gain from the year prior.
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