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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Impac Partners with Commercial REIT Starwood on Non-QM Loans

June 26, 2018
Paul Muolo
Starwood began acquiring non-QM loans last fall using Federal Home Loan Bank advances...
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A Spike in Fannie Mae Loan Repurchases

June 26, 2018
John Bancroft
Virtually all of the repurchase activity is now focused on newer production.
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Short Takes: Amazon Moves Ahead with Banking Plans / A Martini for Ditech / Cooperman and Ocwen / More Cost Cutting at Ocwen / Britti Gets a New Title / U.S. Bank Hires Wells Fargo Official

June 26, 2018
Paul Muolo
Leon Cooperman has been increasing his stake in Ocwen Financial and now owns about 11 percent of the firm…
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Movement Mortgage Opts for Crowdsourcing for LO App

June 26, 2018
Brandon Ivey
Movement gave tech developers eight weeks to develop a prototype…
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CFPB Closes RESPA Violation Case Against Zillow

June 26, 2018
Paul Muolo
In the spring of 2017, it came to light the bureau would take legal action against Zillow...
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Wells Fargo Cuts 100 Workers at South Carolina Location

June 25, 2018
Paul Muolo
Applications have picked up in April, May and June but firms that focused too heavily on refis are now feeling the heat.
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Originator of Mortgages in Non-Agency MBS from Credit Suisse Purposefully Unidentified

June 25, 2018
Brandon Ivey
Presale reports for non-agency MBS backed by new originations typically identify lenders that account for at least 5.0 percent of the contributions…
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New York Fed: CFPB Oversight Doesn’t Reduce Mortgage Lending

June 25, 2018
Yemeng Yang
Fed researchers examined data before and after July 2011, when the CFPB began operation…
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Short Takes: A Shift on GSE Thinking? / loanDepot Resumes / Job Cuts at Finance of America / Product Update from Arch / A New Mortgage Hire for BBVA

June 25, 2018
Paul Muolo
In early June, Finance of America filed a layoff notice on 43 workers in Roseville, CA.
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FHA Officials Raise Concerns about Rising DTI Ratios, Risk Layering

June 25, 2018
John Bancroft
At the same time, there has been an increase in the share of loans with downpayment assistance…
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