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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Aging IT Systems a Major Concern for FHA, VA and USDA

October 19, 2018
George Brooks
FHA is running on a 40-year old IT system…
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Non-Mortgage ABS Production Down Sharply in 3Q18

October 19, 2018
John Bancroft
Most of the third-quarter slippage occurred in the business-finance category, where ABS production tumbled 51.2 percent...
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New Residential Issuing Non-QM MBS with Loans from New Penn

October 19, 2018
Brandon Ivey
In total, 54.0 percent of the loans were underwritten using bank statements…
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Short Takes: BCFP, Not CFPB / At MBA, Standing Room Only for Mick Mulvaney / Annaly Readies Non-QM MBS / A Warehouse Securitization Deal for loanDepot / Cash is King

October 18, 2018
Paul Muolo and Brandon Ivey
An affiliate of Annaly Capital Management is preparing to issue a $384 million mortgage-backed security stocked with non-qualified mortgages and loans for investment properties…
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Nonbank Liquidity a Growing Concern. Ginnie Readies Stress Tests

October 18, 2018
Paul Muolo
Ginnie EVP Maren Kasper said the agency is currently working on stress tests for its issuers and could have results by early December…
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FHFA, GSEs Launch Central Source of Translated Home Loan Documents in Spanish, More Languages to Come

October 18, 2018
As part of a multi-year language access plan, the Federal Housing Finance Agency and the government-sponsored enterprises this week introduced the first phase of a mortgage translation clearinghouse to better serve Spanish-speaking borrowers.
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Many Nonbanks Having Difficulty Meeting Covenants as Outside Observers Continue Warning About Increased Risk

October 18, 2018
Warehouse executives speaking on a panel at this week’s annual Mortgage Bankers Association convention offered a somewhat bleak view of the market.
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Megabanks Optimistic About Digital Mortgage Applications. The Role of the LO Will Change

October 18, 2018
Yemeng Yang
Bank of America expects 50 percent of its mortgage clients to go the digital route next year…
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Short Takes: What Will Ben Carson Cut? / GSE DTI Ratios Too High? / A Woman May Head the FHFA / Nomura Settles with DOJ / Strong Earnings from MGIC / Needed: Some CFPB Guidance

October 17, 2018
Paul Muolo, Brandon Ivey, and Yemeng Yang
Budget cuts coming to HUD?
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A Slight Gain in Originations for U.S. Bank in 3Q18

October 17, 2018
Paul Muolo
Loan production increased at U.S. Bank but mortgage revenue declined…
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