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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Freddie Posts Huge Earnings for 1Q13, Ponders $30B of Deferred Tax Assets

May 8, 2013
Paul Muolo and Charles Wisniowski
Freddie Mac has been profitable for six quarters but needs to show positive earnings for six more before it can recapture its deferred tax asset.
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Short Takes: $750 Million of NPLs to Bid This Week / Two Harbors in the Hunt for ‘Re-performing’ / Investors Will Continue to Dump Non-Agency MBS / NAFCU Upset with FHFA Edict on QM / Former Ally Executive Gets Hired by MBS Group

May 8, 2013
Brandon Ivey, Paul Muolo, and Thomas Ressler
A $750 million offering of nonperforming mortgages is expected to go down this week. Meanwhile, NAFCU is mad at FHFA over the QM rule.
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Two Harbors Reveals Name of Mortgage Banker it Purchased

May 8, 2013
Brandon Ivey
Besides entering the servicing arena, Two Harbors Investment Corp. is building an originator network to issue non-agency jumbo mortgage-backed securities on its own.
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GSEs Consider Expanding Scope of Common Securitization Platform

May 7, 2013
John Bancroft
The GSE "common securitization platform" is under construction and already potential add-ons are being discussed, including a loan acquisition module.
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FHFA Seeks Comment to Refine Its Planned National Survey of Mortgage Borrowers

May 7, 2013
Charles Wisniowski
The Federal Housing Finance Agency plans to survey residential borrowers about how they were treated by lenders.
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Nationstar to Buy Direct-to-Consumer Lender, Increases Flow MSR Goals

May 7, 2013
Paul Muolo
Nationstar Mortgage is getting serious about the origination business. On Tuesday it revealed plans to purchase a high-volume call center operation.
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Caliber Enters the Correspondent Channel, Taps PennyMac Executive

May 7, 2013
Paul Muolo
Caliber Funding sees a huge opportunity in correspondent lending.
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Short Takes: Industry Wants Lower GSE Loan Limits / FirstREX Will Take Equity in a Home / Cramer Likes Ellie / United Guaranty on a Roll / About that FHA Premium Promise…

May 7, 2013
George Brooks and Paul Muolo
The mortgage industry wants lower Fannie Mae/Freddie Mac/FHA loan limits. But will it happen?
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MBA Pushes for Single GSE MBS With New G-Fee Structure

May 6, 2013
John Bancroft
The game is on: MBA wants a single GSE security and will lobby aggressively on the issue.
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Nationstar Launches $1.375 Billion Debt Offer, Mentions Suspension of Foreclosures

May 6, 2013
Paul Muolo
Business must be good for Nationstar Mortgage. The fast growing servicer is trying to pull off a huge debt swap.
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