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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Tough Times, but Wells Fargo Expects to Gain Lending Market Share

September 20, 2018
Brandon Ivey
Wells SVP John Shrewsberry: “In first mortgage, I would say, we should outperform whatever the market is delivering…”
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Surprise: Non-Agency Option Dings GSE Conforming-Jumbo Business

September 20, 2018
John Bancroft
More conventional loans that fit under the GSE loan limits for high-cost markets are ending up in non-agency mortgage-backed securities…
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Wells Expects Originations in Third Quarter to Be In Line with 2Q, Continued Pressure on Margins

September 20, 2018
Originations at the largest U.S. mortgage lender in the third quarter will look a lot like production in the previous quarter, according to John Shrewsberry, a senior executive vice president and chief financial officer at Wells Fargo.
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A Surge in Jumbo Correspondent Acquisitions

September 19, 2018
John Bancroft
Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…
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Chimera Packs GSE-Eligible Loans on Investment Properties into New Non-Agency MBS; Caliber a Top Contributor

September 19, 2018
Brandon Ivey
Three nonbank lenders, all owned by PE firms, are key contributors to the deal…
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CFPB Proposes Disclosure Sandbox

September 19, 2018
Yemeng Yang
The agency specifies that a two-year testing period would be the norm.
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Former Goldman Officials Launch Non-QM Wholesaler to Feed its Growing Aggregation Business

September 19, 2018
Paul Muolo
Steve Skolnik, an industry veteran with a long career in nonprime lending, was recently hired as CEO…
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Short Takes: Freddie Talking to Potential MSR Borrowers / Fannie’s New HLTV Refi Option / Plenty of GSE-Eligible Loans in New JPM MBS / LendingTree’s $10k Prize / A New Director at Fannie Mae

September 19, 2018
Paul Muolo and Brandon Ivey
On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.
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They’re Back: CFPB Advisory Boards (But with Fewer Members)

September 18, 2018
Yemeng Yang
Two new members of the consumer panel come from the fintech world: Sameh Elamawy, CEO of Scratch, and Manning Field, CEO of Acorns.
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Slightly Higher Warehouse Commitment Figures Mask Worries About Price Cutting, More…

September 18, 2018
Paul Muolo
One manager criticized number-two ranked warehouse provider Texas Capital for the discounts the bank is offering, calling it “the talk of the warehouse community.”
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