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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Short Takes: Home Equity Lending Becoming Red Hot? / ICBA’s Fine Not-So-Fine with a Single GSE MBS / MSR Mark-Ups Slow / Yet Another Lender Launches a Builder Unit / Auction.com Hires LinkedIn Exec

August 13, 2014
Paul Muolo
Wells Fargo, the nation’s largest servicer, has assigned an 80 basis point value to its residential MSR portfolio, but the nation’s number-two servicer, JPMorgan Chase, has its MSRs booked at 106 bps…
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When Will the ‘Single’ GSE MBS Be Ready? Answer: 18 Months at the Earliest

August 13, 2014
Paul Muolo and Charles Wisniowski
The CSP, formally known as Common Securitization Solutions LLC, does not have a chief executive office or chairman.
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Fannie and Freddie Grew Securitizations by 12 Percent on a Sequential Basis

August 12, 2014
Charles Wisniowski
The privately held Quicken grew its Fannie/Freddie MBS volume by 18.5 percent from June.
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Birch Hedge Fund Increases Stake in Walter Investment

August 12, 2014
Paul Muolo
FBR lowered earnings projections for Walter Investment, citing “increased regulatory uncertainty."
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Ability-to-Repay Rule is Definitely Having an Impact – on Non-Agency Production

August 12, 2014
John Bancroft
But almost 48 percent of senior loan officers said approval rates for prime jumbo borrowers were lower...
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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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