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Home » Topics » Inside Mortgage Finance » Originations

Originations
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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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Western Asset Management Preparing to Issue Non-QM MBS

April 24, 2018
Brandon Ivey
Clayton Services reviewed 2,164 mortgages for the planned Arroyo Mortgage Trust MBS…
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The FHA Share of Mortgage Complaints Filed with the CFPB: 13 Percent

April 24, 2018
George Brooks
According to the CFPB’s annual report on consumer disputes, the bureau received roughly 37,300 mortgage complaints in 2017...
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Originations Fall 19 Percent at Flagstar; Bank Keeps Selling MSRs

April 24, 2018
Paul Muolo
Flagstar sold $12 billion of mortgage servicing rights as well…
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A Trio of Prime Non-Agency MBS Deals Ready to Hit the Market

April 24, 2018
Brandon Ivey
Loans in Chimera’s forthcoming deal were underwritten to guidelines established separately by Bank of America, Caliber Home Loans and Quicken…
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Short Takes: In Service of Fannie, Freddie and the Common Good / Fannie Ponies up to the REITs / Amazon a Bank? Good Luck with That / NYDFS Investigates RTO / FofA Hires loanDepot Manager

April 24, 2018
Paul Muolo and Brandon Ivey
A new policy change implemented by Fannie Mae will allow REITS, come May 1, to start investing in the GSE’s Connecticut Avenue Securities risk-transfer deals.
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VA’s Plan to Make VALERI a Fully Operational AUS Well Underway

April 23, 2018
George Brooks
One of the goals of the conversion project is to improve program performance…
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Jumbo MBS Underwriting Holds Steady, Banks Remain Top Contributors

April 23, 2018
Brandon Ivey
Some $4.23 billion of prime jumbo MBS was issued in the first quarter of 2018, the best showing since 1Q15…
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