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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Redwood Posts a Handsome Profit for 1Q18, Reports Strong Demand for Jumbos

May 8, 2018
Brandon Ivey
Redwood is set to issue its largest expanded-credit MBS ever: A $520.48 million security backed by…
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Short Takes: Ditech Sets Comp Package for New CEO Marano / Share Price Struggles / Two Ditech Directors Take Home the Bacon / GE Sets Aside $1.5B for WMC Settlement / Better Hires CFO

May 8, 2018
Paul Muolo
Ditech directors – George Awad and Neal Goldman – had pay packages of $573,700 and $553,500, respectively.
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Freddie Now Extending Lines of Credit to Nonbanks. The Collateral: Mortgage Servicing Rights

May 7, 2018
Paul Muolo
One former Fannie Mae executive was critical of the effort, calling it “mission and charter creep.”
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Short Takes: Being in Debt to a GSE, Not So Bad / FHFA Approved the Product / Coming Soon: Large MSR Deals / Wedbush Drops Coverage of Capital One / RIP: Safeguard Founder Robert Klein

May 7, 2018
Paul Muolo
But before anyone gets too excited, the Federal Housing Finance Agency approved the Freddie initiative…
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Origination Profit Margins Stay Ugly. Is Relief on the Way?

May 7, 2018
Paul Muolo
One consultant said he’s conducted 14 warehouse reviews on lenders this year with 11 of them turning a profit and three losing money.
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Risk Factors Creep Higher in FHA and VA Loans During Early 2018

May 7, 2018
John Bancroft
The average credit score for FHA loans in Ginnie MBS issued during the first quarter was 671.1, the lowest level since the agency began reporting loan-level data…
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Figuring Out Who Might Succeed Mel Watt as FHFA Director – It’s Complicated…

May 4, 2018
Paul Muolo
Also, there’s a growing fear that in the absence of Congressional action, a free-market leaning Treasury Department, in tandem with a Trump-appointed FHFA director, might alter the way GSEs operate...
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Prospects Suddenly Brighten for Regulatory Relief…

May 4, 2018
Yemeng Yang
Earlier in the month, Rep. Jeb Hensarling, R-TX, said he is open to “other pathways…”
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PennyMac’s Net Income Declines as Nonbank Cites Intense Competition for Originations

May 4, 2018
Brandon Ivey
PennyMac entered the broker channel in January and took in $7 million worth of product during the first quarter…
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What We’re Hearing: The New MBA CEO Will Be… / A ‘November Surprise’ for GSE Reform? / Is it 10 Years Already? / What ‘Mr. Market’ Thinks of Fannie and Freddie / GSE CRT Deals, a Great Return? / NewDay in the Clear?

May 4, 2018
Paul Muolo
Here’s a prediction: GSE reform legislation will only pass if, and when, the Democrats take control of the House, Senate and the White House.
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