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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Lenders Will Have More Time to Comment on G-Fees

July 30, 2014
Charles Wisniowski
By extending the comment period, it’s likely that lenders will have at least 120 days before any g-fee hikes are installed.
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New York Hard-Money Lender (with a Warehouse Line) Files IPO

July 30, 2014
Paul Muolo
The CEO also noted that the Great Neck, NY-based company has a $7 million warehouse line of credit with Sterling Bank. “That’s an achievement,” he said.
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Short Takes: Todd Rundgren Takes on JPM / Jumbo Production Jumps 37% at EverBank / HAMP Processing Slows – A Lot / FHFA’s Watt to Take HARP Road Show to Atlanta / More Executive Changes at Flagstar

July 30, 2014
Paul Muolo, Brandon Ivey, and Charles Wisniowski
Hello, It's Me Again: Your foreclosure notice.
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RPM Mortgage Contributed the Most to New Jumbo MBS from Two Harbors

July 30, 2014
Brandon Ivey
Some 4.1 percent of the mortgages to be included in the MBS missed their July payments, with most of the delinquencies due to transfers to Cenlar, according to the term sheet.
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California Once Again Dominates GSE Business with a 21 Percent Share

July 30, 2014
Charles Wisniowski
Texas was the second largest source of Fannie/Freddie business during the first half, accounting for 7.3 percent of the market.
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Another Top Executive Departs Nationstar: Chief Compliance Officer Tankersley

July 30, 2014
Paul Muolo
Not only is Nationstar Mortgage one of the most shorted stocks in the sector, but it seems to be having quite a bit of turnover in the executive suite.
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Forget Ocwen’s Earnings, Will It Say Anything About the Lawsky Squabble?

July 29, 2014
Paul Muolo
“I don’t see how New York can’t ultimately approve Wells’ sale of servicing to Ocwen,” said one analyst. “I think it’s more a matter of when.”
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Short Takes: Two Harbors Hits Market with a New Jumbo MBS / CFPB Targets Great Lakes Area Mortgage Lender / Happy (?) Third Birthday CFPB / Shorts Target Stonegate Mortgage / New Duties for BofA Mortgage Chief

July 29, 2014
Paul Muolo
Surprise: Two Harbors is preparing a new jumbo MBS deal. It looks like the bond will be issued in early August...
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Will Bank of America Ever Mend Fences With Fannie Mae?

July 29, 2014
Paul Muolo
The Fannie-BofA squabble was tied to repurchase claims surrounding the bank’s legacy book of business, largely involving loans produced by Countrywide Financial and Merrill Lynch.
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How Much Are Mortgage Lenders Spending on Consumer Ads?

July 29, 2014
Sherry Muolo
According to research from the Consumer Financial Protection Bureau, all financial service companies spend $17 billion each year trying to reach consumers.
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