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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Mortgage LO Overtime Pay Hangs in the Balance as Supreme Court Hears Arguments

December 4, 2014
Thomas Ressler
The MBA’s legal counsel tried to begin by focusing on the dividing line between interpretative rules and legislative rules, but soon found herself having to defend the trade group’s support for the DOL’s original 2006 position.
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Richey May: Two-Thirds of Mortgage Firms Added Staff in 3Q14

December 4, 2014
Paul Muolo
The fourth quarter of 2014 is turning out to be decent in terms of applications and pipelines.
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Short Takes: Origination Profits Down 6 Percent / Black Knight: Foreclosure Inventory Continues to Head South / Underwater GSE Inventory / Purchase-Money Stand-Outs According to IMF / UWM Names Chief Digital Officer

December 4, 2014
Paul Muolo
If you’re looking to buy a foreclosure for a quick “flip,” you might want to act quickly. Inventory is shrinking rapidly...
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Treasury’s OFR: Standard Used for QRMs Wasn’t Meant to Protect Lenders or Investors

December 3, 2014
Brandon Ivey
The Treasury Department noted that QRM standards do not include requirements for loan-to-value ratios.
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Genworth Survey: Industry Concerned About G-Fee Increase

December 3, 2014
George Brooks
Some 61 percent of mortgage executives believe lenders are overly restrictive with underwriting standards.
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Some Nonbanks Post Spectacular Growth in Correspondent Lending

December 3, 2014
John Bancroft and Paul Muolo
As one West Coast-based mortgage executive told IMFnews: “It can be a very tough space. You need lots of capital."
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Bank Holdings of Non-Mortgage ABS Spiked Higher in 3Q

December 3, 2014
John Bancroft
The sharp increase in industry holdings was fueled by a massive acquisition of credit card ABS by TD Bank...
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PennyMac Jumps Into Multifamily and Small-Balance Commercial Loan Market

December 3, 2014
Paul Muolo
Eventually, PMFS hopes to securitize its originations through PMMIT. Initially, its maximum loan amount will be $10 million,
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Short Takes: Mortgage Job Outlook for 2015: Go With the Nonbanks / Thanksgiving Gives Mortgage Business Indigestion / Warehouse Execs Flock to Trade Show / Questions Raised on New Warehouse Firm / HUD Finally Gets #2

December 3, 2014
George Brooks and Paul Muolo
We’ve heard scattered reports about a new nonbank warehouse provider that is offering extremely cheap financing while asking for large fee payments upfront...
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Hedge Fund Glenview Increases Stake in PHH Corp.

December 2, 2014
Paul Muolo
At 7.59 percent, the hedge fund is now the third largest institutional investor in PHH.
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