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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Industry Wants Changes to Qualified Mortgage Points-and-Fees Calculation

July 26, 2013
Thomas Ressler
In particular, mortgage industry professionals are focused on third-party-paid charges and seller-paid points in the QM rule.
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Wells Fargo Pulls the Plug on Its Remaining Mortgage JVs, Citing Regulatory Oversight

July 25, 2013
Paul Muolo
Although Wells Fargo promised some JVs that everything was "fine" earlier in the year, the megabank is now exiting the joint venture space.
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FHA Chief Galante Backs Senate Bill but Worries About Servicer Accountability

July 25, 2013
George Brooks
FHA chief Carol Galante expressed concern about the absence of any provision in the bill that would ensure servicer accountability for their performance.
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Short Takes: Delinquencies on OneWest MSR Portfolio Sky High / Norcom Tapping Mini-Correspondent Market / Flagstar Ramps Up Second Liens / Amy Brandt Moves Up

July 25, 2013
Paul Muolo and Brandon Ivey
Ocwen will have plenty of "high touch" loans to work on when it finally takes control of the OneWest portfolio. Meanwhile, the second lien market is heating up.
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Residential Originations Held Steady in Second Quarter, But Fears Persist

July 25, 2013
John Bancroft
Among the top 20 lenders in the nation, PennyMac and Nationstar had the highest growth rates, according to new figures compiled by Inside Mortgage Finance.
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MBA Hikes Second Half 2013 Origination Forecast 15 Percent

July 25, 2013
Paul Muolo
Loan applicants did whatever they could to protect their rate lock-ins, according to the MBA.
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Redwood Has Quick Turnaround with Latest Non-Agency Jumbo MBS

July 24, 2013
Brandon Ivey
The jumbo loans in the new Redwood deal are relatively young. But 72 lenders are feeding mortgages into the security.
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Flagstar Wants to be a Major Player in Subservicing Arena

July 24, 2013
Paul Muolo
Is Flagstar about to pull off a massive sale of MSRs?
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PATH Act Narrowly Clears House Financial Services Committee

July 24, 2013
Charles Wisniowski
During the debate, Committee chairman Jeb Hensarling accused Democrats of protecting the status quo by defending the current Fannie and Freddie dominated regime.
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Short Takes: MGIC Increases Business by 45 Percent / More Foreclosure Reviews Coming? / Are MBS REITs Toxic? / Application Decline Not So Bad / Uncle Continues to Milk GSE Earnings

July 24, 2013
Paul Muolo
Not only have Fannie Mae and Freddie Mac staged a comeback, but so has MGIC. The MI giant finally turned a profit and sees better days ahead.
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