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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Short Takes: What Government Shutdown? Senate Panel Meets on Non-Agency Market / CashCall Offering a 2.99 Percent Mortgage / Stonegate Updates IPO Filing / How to Best Loosen Mortgage Credit? / Mark Korell Returns to Mortgage Banking

October 1, 2013
Brandon Ivey, Paul Muolo, and Charles Wisniowski
Is refi specialist CashCall still on the auction block? It’s hard to say since the company doesn’t return telephone calls about the matter.
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Collateral Still Key Factor in Keeping Applicants From Mortgage Approval

September 30, 2013
John Bancroft
Collateral was much less of an issue in the purchase market, accounting for just 14 percent of conventional denials.
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Plaza Home Settles Discriminatory Pricing Case With HUD

September 30, 2013
George Brooks
The government accused the San Diego-based Plaza Home of charging black and Hispanic borrowers higher fees than white borrowers on mortgages sourced through the wholesale channel.
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FHA Warns That Its Commitment Authority Will Run Out if Shutdown is Not Brief

September 30, 2013
Paul Muolo
FHA will continue to insure mortgages if the government closes but cautions that its commitment authority eventually will run dry. Potential homeowners "will be impacted," it warns.
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Short Takes: GSE Loan Limit Announcement Coming… / Kyle Bass Likes PennyMac / Will PennyMac Issue an NPL MBS? / Investors Gobble Up Nationstar Paper / MBA Chief Economist Stepping Down

September 30, 2013
Paul Muolo
The much anticipated announcement on lower GSE loan limits could be pushed back to mid-October.
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HUD Issues Proposed Qualified Mortgage Rule

September 30, 2013
George Brooks
Except for Title I property improvement loans, HUD proposes to adopt the statutory points and fees structure for all FHA-insured single-family mortgages as implemented under the FPB's QM/Ability-to-Repay final rule.
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Federal Reserve Closes in on Commercial Banks as Top MBS Investor in the World

September 27, 2013
John Bancroft
The Federal Reserve continues to be an MBS hog, so much so that it may soon surpass commercial banks as being the top holder of these securities.
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Thanks to the CFPB, Lenders May Face Greater HMDA Scrutiny

September 27, 2013
Thomas Ressler
“Our tool puts valuable information into the hands of the public in an accessible way," said CFPB Director Richard Cordray. But will consumers use this information against mortgage lenders?
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GSE Buybacks Slow But Recent Books May Get More Scrutiny

September 27, 2013
John Bancroft
Although "legacy" GSE buyback requests are declining, Freddie Mac is paying close attention to more recent production.
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What We’re Hearing: FHA Admits It Will Need Bailout / Mortgage Rates May Go Sky High / Beware Small Business Owners Located Near National Parks / Why Can’t Anyone Else Raise Money for Subprime? / Flagstar Working on Another MSR Deal

September 27, 2013
Paul Muolo
If the U.S. defaults on its debt payments, will mortgage rates go sky high? Meanwhile, will JPM rescure FHA?
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