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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Agency MBS Issuance Not-So-Bad in November 3Q18, Off by Just 1.0 Percent

December 7, 2018
John Bancroft
Agency production last month was buoyed by an increase in securitization of refinance loans…
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Indiana Bank Pays off Debt to Home Point and Agrees to Buy its Warehouse Unit, NattyMac

December 7, 2018
Paul Muolo
Founded by industry vet Willie Newman, Home Point is owned by investment funds managed by Stone Point Capital...
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Purchase-Loan Market Began Softening in 3Q18 But Outlook Still Relatively Firm

December 6, 2018
Cracks began to appear in the housing market during the third quarter of 2018, leading to a modest decline in purchase-mortgage originations, but industry experts continue to predict a rebound next year. [Includes four data charts.]
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Short Takes: Stock Market Ugly / Bring on the Cash-out Refis? / GSE Stocks Can’t Catch a Break / Carrington Readies First Non-QM MBS / New Penn Unveils New Name: NewRez

December 6, 2018
Paul Muolo and Brandon Ivey
Carrington Mortgage is working on its first non-QM securitization...
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CFPB Accuses Nevada Nonbank of Misleading Vets on IRRRLs in San Antonio

December 6, 2018
Paul Muolo
The government charges, the “apples to apples” comparisons on refis shown to prospective customers by Village Capital’s LOs were flawed and had “inaccurate” results.
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Purchase Mortgage Volume Expected to Increase In 2019 Despite Higher Mortgage Interest Rates

December 6, 2018
The volume of purchase mortgage originations will increase in 2019 even though interest rates will be higher, according to industry economists. Purchase mortgage originations will be boosted to some extent by a rise in employment and wages along with demographic shifts.
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Its Share Pricing Sinking, Ocwen Issues Update, Says it Will Enter TPO Market, Acquire Servicing Rights

December 6, 2018
Paul Muolo
Ocwen, which paid $360 million in cash for PHH, also disclosed: “The purchase price we negotiated contemplated PHH could continue to incur losses.”
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Purchase-Loan Market Began Softening in 3Q but Experts Anticipate a Rebound

December 6, 2018
John Bancroft
Purchase loans accounted for over 80.0 percent of third-quarter production at Wells Fargo, PennyMac Financial, Caliber Home Loans, U.S. Bank and Amerihome…
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Kathy Kraninger is About to Head the CFPB, but Who is She?

December 6, 2018
Yemeng Yang
Observers note that CFPB nominee Kraninger has no track record in financial services…
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Short Takes: What’s in a Name? Answer: $300 Million / Come On, Mick! We Thought You Were Pro-Business! / $300 Million? At Least Software Firms Will Make Out / Home Flips Headed for a Fall? / Who’s Doing Your Underwriting? / Law Firm Overcharges Fannie and

December 5, 2018
Paul Muolo and Yemeng Yang
Mulvaney has a reputation of being pro-business. Is it possible he might turn the name-change ship around to save American companies $300 million?
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