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Home » Topics » Inside Mortgage Finance » Originations

Originations
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GSE Single-Family Business Up 10 Percent in 3Q18

October 14, 2018
John Bancroft
Fannie enjoyed a 29.9 percent quarterly increase in purchase business, nearly double Freddie’s 15.4 percent gain.
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Short Takes: GSE Pilot Hearing Postponed / An Opportunity to Gather Intelligence? / Freddie's Qualification Tool for Self-Employed Borrowers / GSE Duty-to-Serve Updates / New Hires for ComplianceEase, Element Funding

October 14, 2018
Carisa Chappell and Paul Muolo
The Senate Banking Committee's review of GSE pilot programs will have to wait...
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Mortgage-Hungry Insurance Conglomerate Hits the Pause Button on M&A as Grand Jury Convenes

October 12, 2018
Paul Muolo
Eli Global’s mini-mortgage empire includes lender/servicer Castle & Cooke, wholesaler Western Bancorp, Prime Mortgage and a warehouse lending division called CapLoc…
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Mortgage Employment Down at Most Lenders

October 12, 2018
With single-family originations expected to decline in the next few quarters, most mortgage firms are keeping a close eye on costs, hiring only if they need to.
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Correspondent Platforms Gain Share in 3Q18 Agency Market

October 12, 2018
John Bancroft
The correspondent share of the market rose to 39.5 percent, the highest it has been in years...
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Non-Agency MBS Issuance Drops Sharply in 3Q18 as Nonprime Tops Prime

October 12, 2018
John Bancroft
The highlight of the third quarter was the steady growth of the nonprime market…
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Wells Fargo Reports a Decline in Home Lending for 3Q18. A Small Gain at JPM

October 12, 2018
Paul Muolo
JPM and Wells do not use loan brokers, avoiding the wholesale channel. Both have large warehouse lending programs and acquire mortgages from the nonbanks they also finance.
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Mortgage Venture Partners Plans to Buy Nonagency Loans with an Eye Toward Securitization

October 12, 2018
Brandon Ivey
Mortgage Venture Partners is also working on a non-qualified mortgage jumbo second lien product…
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Lenders Prepared for TRID 2.0, but Some Uncertainty Remains

October 12, 2018
Yemeng Yang
“I think everyone is on board,” said Colgate Selden, a former CFPB attorney and now managing director and head of regulation and compliance at Promontory MortgagePath.
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Quicken Loosens Underwriting on Jumbos

October 12, 2018
Brandon Ivey
For jumbo cash-out refis, Quicken is now allowing for combined loan-to-value ratios up to 80.0 percent on loan balances up to $1.0 million.
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