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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Impac Suffers Another Loss. Revenue and Originations Take a Hit. Layoffs Too

November 8, 2018
Paul Muolo
About 41 percent of Impac's volume now entails non-QM lending...
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Redwood Accelerates Diversification Efforts, Remains Profitable in Third Quarter

November 8, 2018
Brandon Ivey
Redwood CEO Chris Abate: “Our game plan in the third quarter was a bit unconventional – we ran an up-tempo offense, squarely in the face of mortgage market headwinds.”
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Mr. Cooper Reports $54 Million Profit for 3Q18, Agrees to Buy $10B Originator

November 8, 2018
Paul Muolo
Several months ago, rumors began to surface that Pacific Union might be for sale...
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Most Products Saw a Decline in 3Q18, but Expanded-Credit Loans Bucked the Trend

November 8, 2018
John Bancroft
A few mainstream lenders are starting to take notice, but most of the action is at a handful of nonbanks that have spearheaded the sector’s rise…
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HUD Working on MOU to Clarify Use of False Claims Act

November 8, 2018
George Brooks
FHA is considering its Mortgagee Review Board as an alternative to the FCA in meting out penalties...
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Short Takes: GSE Oversight Hearing Delayed Yet Again / Coming in 2019? / Maxine Water’s GSE Reform Bill? / Bermuda Insurer Partners with Radian / Ocwen’s New Name? Maybe Newco? / PrimeLending’s New Hire

November 7, 2018
Paul Muolo
Will Rep. Maxine Waters tackle GSE reform?
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Ocwen’s New CEO Talks About Severance Payments, but Growth Too

November 7, 2018
Paul Muolo
Ocwen CEO Glen Messina: "Having completed the merger, we now have unrestricted access to PHH employees..."
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Expanded-Credit MBS Underwriting Not Loosening Much, Prepayments Remain High

November 7, 2018
Brandon Ivey
Risk layering remains uncommon on the new breed of expanded-credit mortgages…
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QM Patch Expiration Could Shift More High-DTI Loans to FHA

November 7, 2018
George Brooks
Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...
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NYSE Suspends Trading in Ditech, Nation’s 13th Largest Servicer

November 7, 2018
Paul Muolo
Ditech said it has no plans to appeal the NYSE’s decision.
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