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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Home-Equity Lending Starts the Year on a Flat Note

June 7, 2018
John Bancroft
Bank of America once again ranked first in terms of new HELOC commitments, according to Inside Mortgage Finance…
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CFPB’s Enforcement Team Recommends Mulvaney Drop the PHH Case

June 7, 2018
Yemeng Yang
Acting CFPB Director Mick Mulvaney sent a list of questions to both sides on May 11 asking for recommendations on the case proceeding.
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MBA Board Picks Veteran Mortgage Banker Broeksmit to succeed Dave Stevens as CEO and President

June 7, 2018
Paul Muolo
Broeksmit, who has spent his entire 33-year career in the mortgage industry, joins MBA from Treliant Risk Advisors...
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Former CFPB Board Member Levitin Defends the Work of the CAB, Calls Agency Spokesman a ‘Flunky’

June 7, 2018
Paul Muolo and Yemeng Yang
Former CAB board member Adam Levitin said he, “sure made out” with the free coffee, pastries, and box lunches.
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CFPB, Freddie Mac Separately Urge Mortgage Borrowers to Shop Around

June 7, 2018
Brandon Ivey
A significant share of borrowers are missing out on thousands of dollars in savings…
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Outstanding Home Equity at Record Levels as Use of Cash-Out Refis and Home-Equity Loans is Limited

June 7, 2018
The amount of home equity outstanding hit a record in 2017, surpassing the previous peak seen in the run up to the financial crisis. Economists at the Federal Reserve Bank of New York note that equity extraction by borrowers has been limited by tight underwriting standards.
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Short Takes: CIT Exits Servicing Business / Hensarling and Godot / Sinking Share Prices for Fannie and Freddie / Who You Calling Small? / Cooper Labs?

June 7, 2018
Paul Muolo
If you’re looking for a barometer on reform legislation passing, just take a peek at the share price of Fannie and Freddie common.
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Ditech Posts $467 Million Profit for 1Q18 – Thanks to BK Filing and Debt Cancellation

June 6, 2018
Paul Muolo
Ditech CEO Tom Marano: “I am pleased with the improving performance of our servicing business; however, I am disappointed with the performance of the origination business...”
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MBA Makes the Case to IRS that Lenders are Eligible for 20 Percent Deduction Included in Tax Reform

June 6, 2018
Brandon Ivey
The trade group argues that if lenders organized as pass-through entities do not receive the new deduction, they will be at a competitive disadvantage...
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Mulvaney Wants to Make the CFPB a ‘Gold-Standard’ Regulator

June 6, 2018
Yemeng Yang
Interim CFPB chief Mick Mulvaney: “We are still closely associated with Sen. Elizabeth Warren. We are her baby. That’s not where a gold-standard regulator should be.”
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