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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Citizens Bank Agrees to Buy Top-Ranked TPO Lender FAMC for Just 1.1-Times Book

May 31, 2018
Paul Muolo
Roughly 95 percent of FAMC's production comes from brokers and correspondents, according to Inside Mortgage Finance...
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Potential Borrowers with ‘Gig Economy’ Income Face Hurdles in Accessing Mortgage Financing

May 31, 2018
The mortgage industry isn’t fully prepared to accept borrowers with income from the so-called gig economy, according to a survey by Fannie Mae. Nearly every mortgage executive surveyed reported that such income is difficult to approve when considering a loan application.
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Castle & Cooke Mortgage Sold to CEO Adam Thorpe and Eli Global

May 31, 2018
Paul Muolo
Based in Durham, NC, the privately held Eli Global has insurance assets and tries to keep a low profile.
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Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point

May 31, 2018
Brandon Ivey and Paul Muolo
The consolidation tidal wave approaches ... or maybe not...
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Short Takes: Time to Cut Pay for Loan Officers? / Something Has Got to Give / New Rez Readies Non-Agency MBS / Ocwen CFO Resigns / Calyx Hires Sales Chief

May 30, 2018
Brandon Ivey and Paul Muolo
loanDepot CEO Anthony Hsieh: “Something’s got to give."
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The Beat Goes On: GSE Credit Scores Much Higher Than on Ginnie Product

May 30, 2018
John Bancroft
During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac.
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CFPB Chief Mulvaney Emphasizes What the CFPB Cannot Do

May 30, 2018
Yemeng Yang
Mulvaney signaled his intention to send more CFPB guidance to elected officials for congressional review.
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Lone Star Stays the Course with New Nonprime MBS

May 30, 2018
Brandon Ivey
On average, mortgagors documented $426,633 in liquid reserves...
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Another California Mortgage Casualty: First Cal

May 30, 2018
Paul Muolo
Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.
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Leading Candidate for Top MBA Job Says He’s Not Interested

May 30, 2018
Paul Muolo
Candidates for the job have included Kevin Shavers, Robert Broeksmit and others…
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