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Home » Topics » Inside Mortgage Finance » Originations

Originations
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What’s Going On? Consumers Are Complaining a Lot Less About Mortgages

October 28, 2014
Thomas Ressler
Total mortgage complaints have been trending downward since they peaked at 15,239 in the first quarter of 2013.
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Quick Turn-Time on Latest Jumbo MBS from Two Harbors

October 28, 2014
Brandon Ivey
DBRS said one of the strengths of the new jumbo deal is its traditional lifetime representations and warranties.
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Warehouse Lenders See an Increase in Outstandings; Credit for Non-QM Loans?

October 28, 2014
Paul Muolo
Another positive for the production market is a new willingness on the part of certain warehouse banks to finance the production of non-QM loans.
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Short Takes: Lower Rates Affecting M&A? / Gain-on-Sale Not So Bad / FHA May Penalize Lenders on Re-certifications / JPM and Non-QMs? / Nonbanks Love Ginnie, but is the Feeling Mutual?

October 28, 2014
George Brooks and Paul Muolo
Is the investment banking arm of JPMorgan Chase sniffing around the non-QM space? It sounds crazy, we know...
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MBS Investments by Credit Unions on the Wane

October 27, 2014
With certain exceptions, credit unions invest almost exclusively in agency product, avoiding jumbo securities.
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HUD to Let Property-Flipping Waiver Lapse

October 27, 2014
George Brooks
HUD believes the program’s initial objectives have been attained and that prudence and vigilance are again called for to prevent abuses.
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Fannie Shareholders (Pre-Conservatorship) will Reap $170 Million from Settlement

October 27, 2014
Charles Wisniowski
The investor-plaintiffs claim that Fannie and two of the company’s former executives made false and misleading statements about the mortgage giant’s internal controls and its exposure to subprime.
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Plenty of Investors are Eyeing Non-Agency Space, Even PIMCO

October 27, 2014
Paul Muolo
For a bond investor such as PIMCO, the attraction should not come as a total surprise.
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Short Takes: Try Convincing Commercial Banks About Buyback Relief / Fannie Not So Bullish / Simpler Comp Plans for LOs? / Wells Pays HECM Fine / New Correspondent Chief for Nationstar

October 27, 2014
Paul Muolo
Industry consultant Joe Garrett notes that one of his clients (back in 2003) had 52 loan officers and “about 52 comp plans”…
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California Continues to Dominate the Jumbo Market – By Far

October 27, 2014
Brandon Ivey
Jumbo lending increased 14.2 percent in 2013 compared with the previous year. California posted a growth rate slightly above that level...
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