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Home » Topics » Inside Mortgage Finance » Originations

Originations
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More of the Same from Ditech: A Net Loss, Lower Originations and Liquidity Concerns

August 9, 2018
Paul Muolo
In June, Ditech agreed to sell MSRs to New Penn Financial...
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They’re Back: Marketing Services Agreements (Not That They Ever Totally Went Away)

August 9, 2018
Yemeng Yang
There’s been a resurgence of MSAs among other settlement service providers…
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Impac Reports Large Loss for 2Q18, Blames Cash Call. Is Keen to Grow Non-QM Production

August 9, 2018
Paul Muolo
A spokesman said Impac is now funding $100 million per month in nonprime loans and plans to grow the business further.
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In a Tough Lending Market, Geneva is Attracting Loan Officers by Offering Comp Plans of 250 BPs

August 9, 2018
Geneva Financial, Tempe, AZ, is offering loan officer recruits a compensation package of 250 basis points or higher, attracting scores of resumes as well as the ire of some of its competitors.
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Short Takes: In Non-QMs We Trust / A Land Rush Into Non-QM? / A Nonbank Buying a Bank, Not an Everyday Occurrence / Ultimate Goal: To Tap FHLB Advances? / Nick Smith Departs Blackstone TORO

August 9, 2018
Paul Muolo
Impac's Justin Moisio: “Everyone’s getting into this game.”
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Treasury Endorses Automated Appraisals, Analysts and Appraisal Groups Concerned

August 9, 2018
A report released last week by the Treasury Department encouraged broader use of automated appraisals and recommended that Congress help push the technology forward. Not surprisingly, the appraisal industry is urging caution.
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Mortgage Banking Income Fades at Banks

August 8, 2018
John Bancroft
Second-ranked JPMorgan Chase had a similarly disappointing quarter.
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CFPB Active Again in Enforcement Actions. 23 Cases Being Litigated

August 8, 2018
Yemeng Yang
A spokesperson told Inside the CFPB the agency’s office of enforcement is now “actively litigating 23 cases.”
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Another Record Non-QM Production Quarter for Citadel. 2018 Production Could Top $1.8 Billion

August 8, 2018
Paul Muolo
At the end of July, Citadel serviced $1.75 billion of non-QMs…
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Redwood Reports Lower Earnings, but a Rise in Loan Purchases

August 8, 2018
Paul Muolo
At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.
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