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Home » Topics » Inside Mortgage Finance » Originations

Originations
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More Lenders View Non-QMs and EC Mortgages as a Viable Option

August 29, 2018
Brandon Ivey
Angel Oak and Citadel Servicing, two of the larger originators of expanded-credit products, each increased production by more than 30.0 percent from the first to the second quarter.
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Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint

August 29, 2018
Paul Muolo and Brandon Ivey
Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray.
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Gateway Mortgage Founder, a Trump Supporter, Wins GOP Primary in Oklahoma

August 29, 2018
Brandon Ivey
The Gateway Mortgage founder won the Republican primary with 54.6 percent of the vote.
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MBA’s ‘Profit’ Took a Hit in FY 2017, but Assets Increased by Almost 10 Percent

August 29, 2018
Paul Muolo
MBA listed compensation for “current officers, directors, trustees and key employees” at $6.0 million for fiscal year 2017. It was $7.1 million the year prior…
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More M&A Activity Ahead for Celebrity Financial?

August 28, 2018
Paul Muolo
Celebrity’s Robnett hinted that a third acquisition could be revealed by October.
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Short Takes: A New Origination Forecast from Freddie / Market Share Leaders in Retail and Correspondent / FHFA Seeks Comment on ‘Golden Parachutes’ / Arch’s Reinsurance Deal / Better Mortgage Hires Fed Economist

August 28, 2018
Paul Muolo and Brandon Ivey
But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...
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UWM Stages an Origination Sale: No-Cost Appraisals Until Yearend

August 28, 2018
Paul Muolo
One UWM broker, requesting anonymity, took the offer with a grain of salt: “If someone wants to help the broker and the consumer, they would dump the application fees.”
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Driven by Lower Expenses in 2Q, Nonbanks Stage a Turnaround in Origination Profits

August 28, 2018
Brandon Ivey
Personnel expenses averaged $5,195 per loan in the second quarter, down $704 from 1Q18…
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CBO: U.S. Cost to Guarantee $12 Trillion in GSE MBS Over the Next 10 Years: $19 Billion

August 28, 2018
Paul Muolo
CBO projects that under current law, the share of new single-family mortgages guaranteed or held by Fannie and Freddie will slowly recede…
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IRS Gives GSE Single-Security Project a Boost

August 27, 2018
John Bancroft
The tax code includes several provisions that address whether the exchange of property is subject to taxation.
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