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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Market Shocker: Ginnie Mae Interim President Michael Bright Quits

January 9, 2019
Paul Muolo
Bright was first nominated to the post by President Trump in May of last year. He had been serving as an EVP at Ginnie.
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The Final Ginnie Mae Issue Tally for 2018: $388 Billion

January 8, 2019
George Brooks
Feeding the decline was an 18.8 percent sequential drop in VA purchase loans…
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Morningstar Expects Looser Underwriting on Non-Agency Loans in 2019

January 8, 2019
Brandon Ivey
Morningstar expects the market share will increase for ARMs, interest-only loans and mortgages with higher loan-to-value ratios…
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BB&T Quietly Cuts Mortgage Staff Including Correspondent Manager

January 8, 2019
Paul Muolo
The RIFs at BB&T started in December and more are expected...
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TMS Exiting Retail and Wholesale Channels, Will Focus on Servicing, Correspondent Acquisitions

January 8, 2019
Paul Muolo
AmeriSave said it wants to scale its origination business…
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Short Takes: $249 Million in Mortgage Payments at Risk? / Will Trump Order Fannie and Freddie to Stand Down? / Assessing Mark Calabria / Lovell Buys ATTOM / LoanLogics Hires Mortgage Tech Vet

January 8, 2019
Namrata Bhatia, Brandon Ivey, and Paul Muolo
Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate.
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Non-Agency MBS Issuance Nearly Doubled in 2018

January 7, 2019
Brandon Ivey
JPMorgan Chase and Redwood Trust are the dominant issuers of non-agency MBS…
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loanDepot Hires Caliber Executive John Bianchi to Head National Sales

January 7, 2019
Paul Muolo
loanDepot founder and CEO Anthony Hsieh: “We believe in distributed retail…”
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CMG Mortgage Expands in the Northeast, Assumes 14 RPM Branches

January 7, 2019
Paul Muolo
RPM CEO Rob Hirt was good-natured about the departures: “I wish CMG continued success into 2019…”
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Democrats on the HFSC Seek FHA Loans for DACA Recipients

January 7, 2019
George Brooks
Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.
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