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Home » Topics » Inside Mortgage Finance » Originations

Originations
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No Longer No. 1 in Retail, Wells Fargo Plots Growth in Mortgages

June 14, 2018
Brandon Ivey
Quicken Loans surpassed Wells as the top retail lender in the first quarter of 2018, according to Inside Mortgage Finance.
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HomeStreet Reducing Mortgage Staff by 10 Percent Due to Low Demand for Purchase Loans

June 14, 2018
Brandon Ivey
Last October, HomeStreet cut 60 employees. In May, it put out for bid $5 billion of mortgage servicing rights….
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Short Takes: FHFA Ignoring HERA? / A Refresher Course / How Fannie and Freddie Dismantled Legislative Bomb Threats / A Large RPL Auction from Fannie / OCC to Finally Weigh In on Fintech

June 14, 2018
Paul Muolo
It might be said that OFHEO was a weak federal regulator...
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Tight Profit Margins and Lower Originations Fuel Speculation of More Company Closures

June 14, 2018
When trouble hits, a mortgage lender has two main choices: sell the company’s assets or hand over the office keys to the landlord and tell your employees the ugly truth.
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Wells Plots Growth in Mortgage Market Share With an Emphasis on Customer Satisfaction

June 14, 2018
Wells Fargo lost its spot as the top-ranked retail originator in the first quarter and recently agreed to sell 52 branches to Flagstar Bank, but company officials insist that the lender is poised for growth in the retail and correspondent channels.
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CFPB to Tailor Enforcement Based on Scale and Intent of Violations

June 13, 2018
Yemeng Yang
Mick Mulvaney: “If you are doing something less than one-tenth of 1 percent of the time, maybe it’s evidence of a lack of criminal intent…”
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MBS Business Up Modestly, but GSE Credit Box Unchanged

June 13, 2018
John Bancroft
In the first quarter, average credit scores on purchase mortgages were virtually unchanged…
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When the Going Gets Tough, the Tough Cut LO Pay

June 13, 2018
Paul Muolo
Aggressive nonbank lenders are willing to offer 100 to 200 basis points per loan…
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THL Closes on Investment in Guaranteed Rate. Nonbank Anticipates Record Production This Year

June 13, 2018
Paul Muolo
Despite heralding the investment made by Thomas H. Lee Partners, Guaranteed Rate will not say how much the PE firm invested or how large of a stake it acquired…
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Short Takes: Budget Cuts at the CFPB? / BCFP not CFPB / Sounding the Alarm on U.S. Debt / A Flow Servicing Platform Run by the GSEs / A New Hire for United Fidelity

June 13, 2018
Paul Muolo
Do federal deficits even matter anymore? Jeff Gundlach thinks so...
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