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Home » Topics » Inside Mortgage Finance » Originations

Originations
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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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Treasury Backs Major Tech Developments for Mortgage Industry, Clarity on FCA Claims

August 2, 2018
John Bancroft and George Brooks
A new Treasury report backs Trump administration proposals to fund FHA technology upgrades…
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Senate Lawmakers Consider Proposal to Increase VA Home Loan Fees, Abolish Cap on VA Jumbos

August 2, 2018
The Senate Committee on Veterans Affairs is considering legislation that would raise the fee paid by veterans, servicemembers and reservists for having a VA guarantee on a mortgage loan. Proposed adjustments to the VA home loan fee is in H.R. 299, the Blue Water Navy Vietnam Veterans Act of 2017, which the House of Representatives approved on June 25. The bill primarily extends the presumption of service-related disability due to exposure to herbicides ...
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Prime Jumbo MBS Issuance Off to a Slow Start in 3Q18 as Redwood Brings a Smaller Deal

August 2, 2018
Brandon Ivey
Loans from United Shore account for 19.0 percent of the new issuance.
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Wells Pays $2 Billion Penalty to Feds for Disclosure Issues on Pre-Crisis Non-Agency MBS

August 2, 2018
Brandon Ivey
In settling, Wells – the nation’s largest home lender and servicer – did not admit any liability.
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Senate Lawmakers Consider Proposal to Increase VA Home Loan Fees

August 2, 2018
George Brooks
It's unclear whether the proposed increase in VA home loan fees would be used to fund an expected increase in veteran health-care costs…
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Short Takes: Roll Up Those GSE Wheelbarrows Full of Cash / Kraninger and Bright Will Have to Wait / Mulvaney and the GSEs? / Rep. Waters has Fintech Worries / Better Mortgage, Better Volumes

August 2, 2018
Paul Muolo and Yemeng Yang
Rep. Maxine Waters, D-CA, is none too thrilled with plans by the Treasury Department and Comptroller of the Currency to open up federal banking charters to fintech firms.
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