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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Rising Rates Take a Bite out of FHA Lending

July 2, 2018
George Brooks
Fairway Independent Mortgage ranked first among all FHA purchase lenders with $880.8 million in 1Q18...
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Mortgage Insurers Waiting on FHFA and PMIERs 2.0

July 2, 2018
Paul Muolo
Keefe Bruyette & Woods believes new PMIER rules could see the light of day shortly…
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Short Takes: Lending Tree Comes Back Down to Earth / If Mortgage Rates Hit 5 Percent… / WMIH and Nationstar Shareholders Approve / NJ Mortgage CEO and Founder Resigns / Executive Bolts Stewart for WFG

July 2, 2018
Brandon Ivey and Paul Muolo
LendingTree founder and CEO Douglas Lebda took home total compensation of $59.6 million last year...
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Nonbanks Increasingly Taking Over Agency MBS Production

June 29, 2018
John Bancroft
The tally: nonbanks grew their GSE business by 1.5 percent during the first five months of the year. Banks retrenched by 16.2 percent…
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The VA IRRRL ‘Orphan’ Loan Tally: A $500 Million Mess?

June 29, 2018
Paul Muolo
Ginnie Mae: “We are glad to work with industry participants to try to find workable solutions allowable by law.”
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HUD Secretary Carson Tells Lawmakers Final Condo Rules Should be Out in September

June 29, 2018
George Brooks
HUD Secretary Ben Carson has acknowledged the importance of FHA condo rules, particularly for millennials…
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What We’re Hearing: A Lifeboat Too Small? / Non-QM Loans Performing Well, So Far / Ridiculous Housing Prices Continue / A 40 Percent Disappearance Rate? / A Recession Might Save the Day / Fannie Trouble? / Costly Borrowing for WMIH

June 29, 2018
Paul Muolo
Once risk-layering appears and LTV ratios climb, then all bets are off...
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Another Job for CFPB’s Mulvaney? Kraninger’s Confirmation Hearing Set for July 19

June 29, 2018
Yemeng Yang
“It’ll be more chaos if the president has to appoint another acting director," said one former CFPB official.
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IO Originations Drop in First Quarter

June 29, 2018
Originations of interest-only mortgages declined in the first quarter of 2018 among a group of prominent IO lenders, according to a new ranking and analysis by Inside Nonconforming Markets. The 15 lenders originated an estimated $4.17 billion of IOs in the first quarter of 2018, down 24.9 percent from the previous quarter and down 17.4 percent from the first quarter of 2017. The drop in IO production was worse than the decline in total originations ... [Includes one data chart]
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ARM Originations Decline in First Quarter

June 29, 2018
Originations of adjustable-rate mortgages declined in the first quarter of 2018 from the previous period, according to a new ranking and analysis by Inside Nonconforming Markets. ARM production slowed even with a rise in interest rates, and the products don’t appear to be popular with borrowers seeking purchase mortgages. An estimated $44.0 billion of ARMs were originated in the first three months of the year, down 20.0 percent from the fourth ... [Includes one data chart]
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