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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Rural Housing Guarantee Volume Expected to End 2014 on a Low Note

November 5, 2014
George Brooks
Securitization of rural development home loans during the first nine months was $14.19 billion, with the top three issuers accounting for 58 percent.
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Two Harbors Launches Nonprime Product and High LTV Jumbo Loan

November 5, 2014
Brandon Ivey
Two Harbors has plenty of capacity to hold non-agency loans in portfolio without reliance on outside financing.
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PHH Loses Money on Mortgage Business in 3Q14, Lower Gain-on-Sale Blamed

November 5, 2014
Paul Muolo
PHH's servicing portfolio continues to shrink thanks to MSR sales and payoffs.
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Short Takes: What is it With New York State? / UGI Posts Strong Earnings / Freddie’s Incredibly Shrinking REO / Ocwen Official Departs for LenderLive / Ohio Rules in Freddie’s Favor

November 4, 2014
Paul Muolo and Charles Wisniowski
When pressed further, Middleman noted that getting acquisitions approved in the Empire State can “take a long time”…
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HUD Won’t Adopt CFPB’s Amended QM Points-and-Fees ‘Cure’ Provision

November 4, 2014
George Brooks
The CFPB initially allowed a simple refund of the excess amount under certain conditions...
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A Loosening of GSE Credit? Not in the Third Quarter of 2014

November 4, 2014
John Bancroft
The biggest chunk of GSE business comes from mortgages with high credit scores and LTV ratios below 80 percent.
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Plenty of Lenders are Hiring Loan Officers, Mostly Nonbanks

November 4, 2014
Paul Muolo
Hiring top performers can cost a company in terms of salary and bonus pay, but many believe such hires are worth it because such LOs bring in a ton of volume.
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Freedom Mortgage Isn’t Done Buying; Wants ‘Feet on the Street’

November 4, 2014
Paul Muolo
The Mt. Laurel, NJ-based Freedom is eager to grow its retail presence in the U.S., but is still committed to third-party lending where it has a large presence.
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Short Takes: Mortgage Brokers Putting All Their Eggs In One Basket? / Are Cash-Out Refis Making a Comeback? / Piggy-back Loans Too? / Holy Ellie /MI Update

November 3, 2014
Paul Muolo and George Brooks
What? Are piggy-back mortgages making a comeback?
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Freedom Mortgage Buying LI Lender CHL Through ‘Asset’ Purchase

November 3, 2014
Paul Muolo
With Continental Home Loan under its umbrella, Freedom believes its production run-rate will be $2 billion a month.
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