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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Lobbying on the GSE Issue Moves from Congress to the Executive Branch

August 7, 2018
Paul Muolo
Earlier this year, Treasury Secretary Steven Mnuchin told the Senate Banking Committee he has the authority to restructure Fannie and Freddie without any change in law.
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PHH Continues to Sell Servicing Rights Ahead of Sale to Ocwen

August 7, 2018
Paul Muolo
In its earnings statement, PHH notes that Ocwen can terminate the acquisition if “available cash on hand falls below a prescribed amount…”
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Short Takes: R-E-S-P-E-C-T is What loanDepot CEO has for Zillow / Houlihan Lokey Advised Zillow / Shellpoint Shines / MBA Likes the Sandbox / A Handful of Promotions at PRM

August 7, 2018
Paul Muolo and Yemeng Yang
Anthony Hsieh of loanDepot: “Relax everyone. Competition is good."
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Starwood Preps its First Non-QM MBS Deal. Impac a Major Provider of Collateral

August 6, 2018
Brandon Ivey
Starwood is now directly sourcing loans from Impac and hasn’t tapped any other originators.
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Treasury Gives Blessing to GSE Appraisal Waivers, More. But Moody’s Worries About AVMs

August 6, 2018
Carisa Chappell
The Treasury report acknowledges concerns from the appraisal industry but touts the benefits of using the waivers…
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Short Takes: Moving up the Search? / FHFA Watchdog Under Investigation? / No One is Commenting – or Denying / Politically Motivated? / Mangiaracina Gets Chairman’s Slot

August 6, 2018
Carisa Chappell and Paul Muolo
As of Monday morning, none of the parties involved – FHFA, the FHFA IG, and the Council – were commenting to IMFnews. Nor were they denying the existence of an investigation.
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Agency MBS Business Lays an Egg in July. Refis Set New Cyclical Lows

August 3, 2018
John Bancroft
The fundamentals just weren’t there...
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PennyMac Boosts Profit, Originations, Servicing – and Unveils Corporate Reorganization

August 3, 2018
Brandon Ivey
The lender/servicer also unveiled plans for a corporate reorganization that could triple the firm’s market capitalization rate…
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What We’re Hearing: Fannie Mae’s Next CEO Might Be… / Thanks Congress / Amazon Still in the Hunt? / The Top Gainer: Fairway Independent Mortgage / Talking to Ed DeMarco / Gateway Gets a New CEO

August 3, 2018
Paul Muolo
No wonder why Fannie and Freddie topped Business Insider’s list of the most profitable companies per employee…
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Many Homebuyers Bring Large Downpayments

August 3, 2018
Successful homebuyers in the first half of 2018 pointed to large downpayments as one of the factors that helped close the transaction, according to a survey and analysis by realtor.com, a home listing site. More than 1,000 homebuyers who closed on their purchases in the first half of this year were surveyed on behalf of realtor.com, which is a subsidiary of Move and operates with a licensing agreement with the National Association of Realtors. Some 24 percent of respondents ...
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