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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Short Takes: Full Bore into Non-QM? / FHA Could Hike Premiums / Record Attendance at ABS East / Departures from Sprout / A New Denver Branch for Churchill Mortgage

September 25, 2018
Paul Muolo and Brandon Ivey
Will FHA hike its premiums? Maybe, maybe not...
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IO Originations Spiked by 25 Percent in 2Q18

September 24, 2018
Brandon Ivey
Angel Oak Lending, Citadel Servicing and Navy Federal Credit Union all had IO gains of more than 60 percent during the quarter.
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MBA Backs User Fee to Fund Tech Upgrades for USDA Program

September 24, 2018
George Brooks
The FHA has proposed a similar user fee but has been denied repeatedly by Congress…
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Nonprime Lender Deephaven Taps LoanScorecard’s AU Software

September 24, 2018
Paul Muolo
Recently, Inside Nonconforming Markets published its second quarter ranking of expanded-credit lenders, but Deephaven did not appear.
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Short Takes: Freddie Doesn’t Mince Words / Thinking of Going Public? / Why Amazon and Google Won’t Buy an Existing Franchise / Moogle or Moogage? / Texas Capital’s Deposit Base / Mortgage Job Cuts at USAA

September 24, 2018
Paul Muolo
Meanwhile, Hindman doesn’t see Amazon or Google buying an existing mortgage franchise...
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Deephaven Set to Issue its Largest Nonprime MBS to Date

September 21, 2018
Brandon Ivey
Mortgages from 74 lenders will be included in the deal…
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Wells Fargo Announces Job Cuts. The Mortgage Damage Could Total 3,097 Positions

September 21, 2018
Paul Muolo
The megabank is not commenting on how the cuts might affect specific business units...
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Industry Lauds Passage of Bill to Fix the VA ‘Orphan’ Loan Mess

September 21, 2018
George Brooks
The Zeldin bill passed by a vote of 48-0.
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IO Originations Up in 2Q, Down at Midyear

September 21, 2018
Originations of interest-only mortgages increased in the second quarter, but not enough to move production ahead of the pace set halfway through 2017, according to a new ranking and analysis by Inside Nonconforming Markets. A group of 15 lenders originated $5.08 billion of IOs in the second quarter, a 25.2 percent increase from the previous period. Through the first six months of the year, the lenders had $9.13 billion of IO originations ... [Includes one data chart]
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Signs of Expanded-Credit Slowdown in MBS

September 21, 2018
Issuance of expanded-credit mortgage-backed securities is moving at a steady pace, but deal sizes are declining and loan seasoning is increasing, suggesting a slowdown in originations. Redwood Trust is set to issue a $362.7 million deal, according to presale reports by Kroll Bond Rating Agency and Moody’s Investors Service. It’s the fourth expanded-credit MBS of the year from Redwood, including a $520.5 million issuance in May and a $417.0 million deal in July. The average seasoning ...
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