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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Sen. Brown Says CFPB Chief Mulvaney Must Go, Cites ‘Pay to Play’ Comments

April 26, 2018
Paul Muolo
Sen. Brown said he wants a new CFPB director, one with a moral compass…
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Altisource Reports a Loss, Declining Revenue and Says the CFPB Won’t Take Action Against It

April 26, 2018
Paul Muolo
In February of last year, Altisource disclosed in an SEC filing that the CFPB was looking into the vendor’s relationship with Ocwen...
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Short Takes: Losses at Privately Held Shops? / Refis Near a 10-Year Low / Will the CFPB Target Rate-Lock Commitment Abuses? / Strong Earnings for Radian but Clayton a Drag / A New Hire for United Wholesale

April 26, 2018
Paul Muolo and Yemeng Yang
Radian's mortgage and real estate services division – which includes due diligence provider The Clayton Group – continues to struggle...
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Mortgage Origination Volume Tanked in Early 2018, Hitting Lowest Level in Over Three Years

April 26, 2018
Production of new first-lien home loans fell sharply in the first quarter of 2018, although the market was not that far off from how it began a year ago. [Includes two data charts.]
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Financing for Fix-and-Flip Efforts Growing, Market Is Seen as More ‘Rational’ than Pre-Crisis Activity

April 26, 2018
The dollar volume of loans originated for fix-and-flip transactions increased by 27 percent on an annual basis in 2017, according to Attom Data Solutions, a firm that tracks sales deeds. While loan volume and market share are increasing for fix-and-flip financing, industry analysts suggest that the market is more “rational” than it was in the run up to the financial crisis.
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PHH’s CEOs Took Home (Combined) $5.26 Million in Compensation Last Year

April 25, 2018
Paul Muolo
Crowl’s base pay for 2017 totaled $554,808 while Messina’s came to $485,962.
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Chimera Packaging Mortgages Aggregated by BofA into a Prime Jumbo MBS

April 25, 2018
Brandon Ivey
Most of the loans are non-agency jumbos, but a handful are eligible for sale to Fannie Mae and Freddie Mac.
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VA-Based Nonbank Lender Reveals Data Breach

April 25, 2018
Brandon Ivey
WEI is based in McLean, VA and owned by Arc Home, which in turn is controlled by funds under the management of Angelo, Gordon.
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Sen. Crapo Says GSE Reform Still Possible in This Congress (You Heard That Right)

April 25, 2018
Carisa Chappell
The senator disagreed with comments made earlier in the day by HUD Deputy Secretary Pam Patenaude, who said there aren’t enough legislative days left...
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Short Takes: Another Milestone for Angel Oak / Going After Bayview? / Mortgage Layoffs at HomeStreet / Genworth Unveils Rate Card Reductions / A Promotion at PRMI

April 25, 2018
Paul Muolo
HomeStreet Bank, Seattle, revealed in its earnings statement this week that it chopped 86 full-time positions.
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