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Home » Topics » Inside Mortgage Finance » Originations

Originations
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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
Paul Muolo and George Brooks
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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With Refis Tanking, Can CashCall Get Sold?

August 12, 2013
Paul Muolo
As refinancings continue to fall, lenders that specialize in such loans will see their franchise values drop dramatically.
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HUD Tightens Underwriting Guidance on Borrower Judgments

August 12, 2013
George Brooks
The guidance, effective October 15, applies to manually underwritten FHA loans and requires lenders to document reasons for approving a mortgage when the borrower has collection accounts or judgments.
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Short Takes: At Least Harry Reid Likes the GSEs / Uncle Sam Takes In More Revenue, Thanks to Fannie and Freddie / Greenlight Earned How Much Last Year? / HSBC Official Joins Mortgage Master / Calling All Warehouse Lenders

August 12, 2013
Paul Muolo
Senate Majority Leader Harry Reid appears to have come out in support of Fannie Mae and Freddie Mac. But will other elected officials follow suit?
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GOP Probes Ex-CFPB Staff Over Regulatory Revolving Door

August 12, 2013
House Financial Services Chairman Jeb Hensarling, R-TX, and House Oversight and Government Reform Committee Chairman Darrell Issa, R-CA, sent a letter to CFPB Director Richard Cordray recently, expressing concerns that senior employees have left the bureau in order to profit from the very rules they helped create. “Simply put, it appears that former CFPB employees are now offering financial products in a market sector created by the very rules they were in a position to influence while working in senior leadership positions...
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