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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Borrowers Look for Lenders that Offer Digital Mortgage Features and Some Person-to-Person Communication

September 13, 2018
After years of talk about “digital mortgages,” now is the time that lenders should adopt such technology, according to Henry Cason, a senior vice president at Fannie Mae and head of digital products for the government-sponsored enterprise’s single-family business.
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A Few Silver Linings in the Origination Downturn: Improved GOS, More MSR Sales

September 12, 2018
Paul Muolo
Wedbush estimates that originations will fall by 8.0 percent this year…
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Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017

September 12, 2018
John Bancroft
Through the first eight months of the year, Ginnie issuance was down 11.0 percent...
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S&P Estimates $63B of CMBS Exposure to Hurricane Florence

September 12, 2018
Yemeng Yang
The CMBS transactions with the highest potential exposure are collateralized by shopping malls and office properties in Northern Virginia...
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Short Takes: Wells Fargo’s (Mortgage) Job Cuts / Annaly Poised to Buy More MSRs? / FHFA Seeks Comment / Eight Consecutive Quarters of Feeling Bad About Profit Margins / PenFed Hires a TV Journalist

September 12, 2018
Paul Muolo
Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights…
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Many Lenders Plan on Keeping Underwriting Standards ‘As Is’

September 11, 2018
Brandon Ivey
One lender confessed: “I think we’ve been too accepting of credit problems and we are going to start pulling back now…”
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Eager to Buy Jumbos, Redwood Offers a ‘Working Capital’ Option

September 11, 2018
Brandon Ivey
During the second quarter Redwood deployed $40.0 million in customized financing for nonbanks…
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Short Takes: What Will Become of the GSEs’ CSP? / How Much Is it Worth? / Capital One Warehouse Joins MBA / Two Utah Nonbanks Celebrate Anniversaries / PRMI Hires Former Wells Fargo LO

September 11, 2018
Paul Muolo
The nonprofit exchange must pay for any “property” associated with CSS…
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Correspondent Channel a Flashpoint in Competitive Jumbo Market

September 10, 2018
Brandon Ivey
While total jumbo originations among the lenders increased by 37.1 percent on a quarterly basis, correspondent volume was up by 63.7 percent.
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HECM Production Gets Clocked in 2Q18. A Long Reverse ‘Winter’ Ahead?

September 10, 2018
George Brooks
Analysts blamed the reduction in volume on the new lower Principal Limit Factors...
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