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Home » Topics » Inside Mortgage Finance » Originations

Originations
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As Business Slows, Lenders Cut Branches, Channels; Movement Gets Eagle Franchise

January 10, 2019
Paul Muolo
Movement said the acquisition “significantly” expands its presence in the Pacific Northwest and Mountain West…
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Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

January 10, 2019
The flow of conventional mortgages with private mortgage insurance coverage into Fannie Mae and Freddie Mac mortgage-backed securities fell sharply in the fourth quarter – tracking a broader slump in purchase-mortgage business. [Includes three data charts.]
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As Business Slows, Lenders Cut Branches, Channels

January 10, 2019
It was a busy week for channel and branch disgorgements with two national lenders announcing transactions they hope will prepare them for a difficult market in 2019.
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Optimism on Rate Decline Snuffed Out by Shutdown

January 10, 2019
The steady decline in interest rates over the past four weeks had begun to spark a tinge of optimism among mortgage bankers that 2019 might turn out to be halfway decent after all. Then the government shutdown happened.
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Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package

January 10, 2019
Paul Muolo
With Michael Bright's departure, GSE "recap and release" just got hurt...
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Mortgage Collectives Boost Membership in 2018

January 10, 2019
Memberships in mortgage collectives increased in 2018, despite a tough operating environment, as the firms offered various benefits to lenders.
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Signs of Life in the MH Market: AZ Servicer of Manufactured Housing Loans Receives Rating, MBS Issuance Likely

January 9, 2019
Brandon Ivey
Cascade services $1.3 billion of product…
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FHA Tells Servicers to be Lenient Toward Furloughed Federal Workers and Contractors

January 9, 2019
Paul Muolo
The FHA handbook states that servicers can receive a “financial incentive” for offering forbearance...
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Angel Oak Expects Sustained Non-QM Growth in 2019

January 9, 2019
Brandon Ivey
The non-QM market is booming, said Angel Oak executive Tom Hutchens…
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Short Takes: UWM Removes LLPAs on Certain Loans / New Mortgage Applications Come Roaring Back / Tempering Optimism with a Government Shutdown / Seterus’ Leslie Peeler? / Complaints Registered

January 9, 2019
Paul Muolo
Four years ago, Leslie Peeler, the Fannie Mae senior vice president in charge of the GSE’s servicing decisions, left the mortgage giant for Seterus.
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