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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Nonbank Profits a Mixed Affair in Third Quarter

November 14, 2018
John Bancroft
Ocwen Financial has not been a model of prosperity...
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A Brighter Future for Non-Agency May Translate Into Better Days for Trading Desks

November 14, 2018
Paul Muolo
Another trading firm that hopes to ride the non-QM wave is RAMS Mortgage Capital…
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Goldman Preps Large Non-Agency MBS Backed by Seasoned Mortgages Acquired from a ‘GSE’

November 14, 2018
Brandon Ivey
Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.
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A Blood-curdling Stat: Refi Index Falls to (Almost) 20-Year Low

November 14, 2018
Paul Muolo
One New Jersey-based loan officer told IMFnews, “It’s very un-nerving right now.” He noted that on a recent workday he had account executives from three different companies come into his office. “One of them, I hadn’t seen in a year.”
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Short Takes: MMIF Audit Due Thursday / Good News Expected but no FHA Premium Cut / Trades Voice Support for Kraninger at the CFPB / A Promotion at Stewart Title

November 14, 2018
Paul Muolo and Yemeng Yang
The groups expressed their view that Kraninger has the ability to lead and manage the CFPB and protect the financial interest of consumers.
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PrimeLending Recruits LOs, Cuts Poor Performers

November 13, 2018
Brandon Ivey
As of early November, PrimeLending had 1,336 LOs registered on the Nationwide Multistate Licensing System.
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CFPB Exams Continue Apace Despite the 'Mulvaney Effect’

November 13, 2018
Paul Muolo
MBA’s Pete Mills noted that IMBs of all sizes from small to large are examined each year…
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Industry Calls for CFPB Rulemaking to Clarify the Role of Guidance

November 13, 2018
Yemeng Yang
Lenders continue to worry about examiners critiquing them on issues not based in law…
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Short Takes: Assessing the Value of GSE Common / The Prior Decade and GSE Share Prices / Worrying About Home Values in California / Another MBS Settlement for Wells Fargo / Vendor Hires Fannie Mae Official

November 13, 2018
Paul Muolo
Early last decade, Fannie common once traded as high as $85.03, Freddie $68.20.
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GSE Credit Box Opened Slightly Wider in 3Q18

November 12, 2018
John Bancroft
The dollar volume of low-score purchase loans increased by 29.8 percent from the second to the third quarter, while total GSE purchase business went up 23.6 percent.
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