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Home » Topics » Inside Mortgage Finance » Originations

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Short Takes: Mortgage M&A: Lots of Talk, Not Much Action / New Penn Rolls Out Non-QM Loan / Arizona Mortgage Office Open to Offers / Auction.com Ramps Up Commercial Sales / Walter Seeks a New COO

August 12, 2014
Paul Muolo
A top producing office in Arizona for one mid-sized lender is making it widely known that it would like to move the entire staff to another firm...
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FHFA Steps Up Creation of Single GSE MBS, But No ‘Comingling’ at First

August 12, 2014
Paul Muolo and Charles Wisniowski
Fannie-backed MBS, in general, trade better than Freddie participation certificates (PCs), which has resulted in guaranty fee pricing differentials between the two.
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Nonbank Mortgage Firms Show Mixed Results for Second Quarter

August 11, 2014
John Bancroft
A diverse group of 31 lenders tracked by Inside Mortgage Trends reported a combined $4.13 billion in mortgage banking income during the second quarter, up 32.7 percent from the first three months of 2014.
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Surprise: FHA Chief Carol Galante Resigns, Effective This Fall

August 11, 2014
George Brooks
In late July Galante met with the press to discuss working with FHA lenders. But now she's handed in her resignation. Why?
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SIFMA: The Playing Field is Slanted Against Non-Agency MBS

August 11, 2014
Brandon Ivey
SIFMA noted that in recent years both the FHFA and Congress have increased the GSEs’ guarantee fees in an effort to reduce their market share and make non-agency MBS issuance more competitive.
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Short Takes: Why is Galante Leaving FHA? / Not All Lenders are Suffering (Compared to Last Year) / Stonegate Has to Spend Money to Make Money / Caliber Hires Builder Chief

August 11, 2014
Paul Muolo
Stonegate Mortgage last week posted a meager second quarter profit of $300,000.
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Originations Increase Across Production Channels in Second Quarter

August 8, 2014
John Bancroft
Mortgage origination volume was up in all three major production channels during the second quarter of 2014, with a slight shift in market share toward the retail channel as well as to brokers, according to a new Inside Mortgage Finance analysis and ranking.
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Smaller Private Mortgage Insurers Report Mixed Results for Second Quarter

August 8, 2014
Brandon Ivey
Essent has another quarterly profit while National MI took a loss.
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Fifth Third Settles with DOJ on Alleged Discrimination Against Consumers with Disability Income

August 8, 2014
Brandon Ivey
The DOJ took issue with Fifth Third for asking potential borrowers with disability income to obtain a letter from their doctor to document the income.
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House-Price Spikes Hurt First-Time Buyers

August 8, 2014
The first-time homebuyer share of purchase-money mortgages differs a great deal across the states, and house price growth may have something to do with it, according to a new study by the Federal Housing Finance Agency. FHFA researchers looked at first-time buyer activity from 1996 to 2013 and how it is affected by nationwide house-price trends. They found a symbiotic relationship that may or may not be beneficial to first-time homebuyers, depending on ...
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