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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Nonbanks Kept Growing Origination Share in 3Q18

October 31, 2018
John Bancroft
Year-over-year, United Wholesale Mortgage had the largest gain at 52.2 percent, based on originations through the first nine months of 2018.
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States Criticize the CFPB’s Plan for a Trial Disclosure ‘Sandbox’

October 31, 2018
The current policy, issued in 2013, says the bureau will not approve a trial disclosure that weakens consumer understanding of valuable information, even if it improves cost effectiveness.
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Short Takes: Judging Risks and Rewards at Freddie / The Gift that Keeps on Giving: The Trump Tax Cut / Despite Some Losses, Mortgage Bankers Remain Liquid / An Earnings Decline at Radian / Leaving Wells Fargo for a Nonbank

October 31, 2018
Carisa Chappell and Paul Muolo
Freddie Mac benefited to the tune of $200 million (pre-tax) by reducing the write-down on its net deferred tax asset...
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Mortgage Complaints Took a Dive in 3Q18

October 30, 2018
John Bancroft
Wells Fargo once again led the complaint pack…
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Fairholme Tells Investors Court Ruling ‘Should Advance’ the ‘Re-IPO’ of Fannie and Freddie

October 30, 2018
Paul Muolo
Fairholme adds: “This is good news when you count the cash that Fannie and Freddie have earned and will earn.”
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A Possible Problem for Ginnie: Fannie/Freddie MBS Getting an Explicit Guarantee from Uncle

October 30, 2018
Paul Muolo
Rob Zimmer, director of external affairs for the Community Mortgage Lenders of America, is in the camp of those worrying about the ramifications…
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Digital Footprint Useful for Predicting Loan Defaults

October 30, 2018
Brandon Ivey
Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.
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loanDepot Unveils Warehouse Securitization for Mello Unit

October 30, 2018
Paul Muolo
Clayton Services has been hired to conduct due diligence reviews every 90 days on 100 randomly selected loans.
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Short Takes: Parity for the FHLBs and FanFred? / Once a Contender / Newfi and Non-QM / Strong Earnings from First American but Anxiety Too / From Alibaba to MGIC

October 30, 2018
Paul Muolo
Roughly 40 percent of Newfi Lending’s current loan volume entails the origination of mortgages that do not meet the qualified mortgage test.
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A Sure Bet for the New FHFA Director: No More GSE Pilot Programs?

October 29, 2018
Paul Muolo
The fact that these initiatives were ever approved by the FHFA angered critics of the government-sponsored enterprises…
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