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Home » Topics » Inside Mortgage Finance » Originations

Originations
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More Red Ink for Ditech in 3Q and Another Potential Trip into Bankruptcy

November 15, 2018
Paul Muolo
Ditech said the company is in talks with “certain” corporate debt holders regarding another possible "court supervised" Chapter 11 process...
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JPM Packages Jumbos with Relatively High LTV Ratios in Unique MBS

November 15, 2018
Brandon Ivey
Moody’s Investors Service said 47.0 percent of the dollar volume of the loans in the MBS were underwritten by United Shore…
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Very Good News: MMIF Capital Ratio Improves to 2.76 Percent. As for a Cut in Premiums…

November 15, 2018
George Brooks and Paul Muolo
The fund's value has improved, but FHA premiums will not be cut...
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Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS

November 15, 2018
Brandon Ivey and Paul Muolo
If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.
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After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More

November 15, 2018
Paul Muolo
The megabank currently employs 27,000 mortgage-related workers or what it calls “team members.”
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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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