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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Two Harbors to Issue its First Non-Agency Jumbo MBS

August 14, 2013
Brandon Ivey
The publicly traded REIT is jumping into the jumbo MBS market with its first deal. Many of the loans come from nonbanks.
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PennyMac Raising $248 Million in Equity, Will Buy Nonperforming Loans

August 14, 2013
Paul Muolo
The market did not react kindly to PennyMac's announcement about selling more shares of common stock.
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Short Takes: Going, Going, Gone: GSE Buybacks? / CapWest Enters the Wholesale Arena / Redwood About to Reward Its Executives? / The Terrible Twos for the CFPB / Fannie Mae Hired Someone It Was Suing

August 14, 2013
Paul Muolo and Thomas Ressler
It would appear that the GSE buyback scourge may be winding down. Meanwhile, Fannie Mae has egg on its face over someone it hired.
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Wells Fargo Continues Retail Domination, Chase a Distant Second

August 13, 2013
Paul Muolo
Over the rest of the decade will any lender be able to challenge Wells Fargo's dominance in the retail channel? A new ranking suggests not.
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Rep. Hensarling Defends PATH Act, Says 30-Year FRM Will Survive

August 13, 2013
Charles Wisniowski
The PATH Act awaits a vote on the House floor. But Hensarling’s measure is widely viewed as a non-starter in comparison to the Senate’s bipartisan Corker-Warner bill.
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Four Banks Contemplating Nonprime Warehouse Lines?

August 13, 2013
Paul Muolo
Is the warehouse market about to open up to select hard money lenders? Perhaps, but it won't be a tidal wave.
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Short Takes: CashCall Sued by NY AG but Not Over Mortgages / Sen. Jack Reed Shows Some Love for the GSEs / QRM Coming Soon? / ASF Tells Servicers to Reject Eminent Domain Offers / Trailer Park Loans Get an Appraisal Break

August 13, 2013
George Brooks and Paul Muolo
CashCall may be in trouble with New York State. So, where's Senator Reed's GSE bill?
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HUD May Scotch Richmond's Eminent Domain Dreams

August 13, 2013
George Brooks
According to a new letter obtained by Inside Mortgage Finance, HUD says it is uncertain whether any new loan created under the controversial eminent domain plan would qualify for FHA insurance.
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VA Originations Still Humming Along, Well Sort Of

August 12, 2013
George Brooks
Combining their year-to-date results, the FHA and VA reported $105.5 billion of single-family originations during the second quarter of 2013.
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HAMP Activity Declining, Servicers Favor Proprietary Mods

August 12, 2013
Brandon Ivey
Even with the incentive fees offered by the HAMP program, residential servicers favor proprietary mods.
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