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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Loan Officer Signing Bonuses Run Rampant in A Tough Market but the Devil is in the Details

April 12, 2018
With mortgage production coming under pressure in early 2018, some lenders are doing what might seem chancy: paying large signing bonuses to top-producing loan officers.
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Short Takes: A 10 Percent Cut in GSE Loan Limits? (Just a Thought) / Mulvaney Has Saved the CFPB $16 Million / New Rez Buys RPL Pool from Fannie / Directors for New Rez Earn How Much? / NYS Fines Nationstar (aka Mr. Cooper)

April 12, 2018
Paul Muolo and Yemeng Yang
With GSE reform all but dead, rumors about possible administrative changes abound...
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Teachers’ Union Will Sever Mortgage Ties with Wells Unless Bank Withdraws Support for NRA, Gunmakers

April 12, 2018
The American Federation of Teachers has threatened to end a mortgage partnership with Wells Fargo unless the bank stops providing support and financial services to the National Rifle Association and gun manufacturers.
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The Final Nail in the GSE Reform Coffin: Creation of the $3B Capital Buffer?

April 11, 2018
Paul Muolo
Fitch said the $3 billion reserve should be sufficient to cover income volatility during “the normal course of business, as seen when interest-rate volatility results in valuation adjustments within the GSEs’ derivative portfolios.”
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Guaranteed Rate Expects to Hit Record Volume in 2018 with Strong Purchase Activity

April 11, 2018
Brandon Ivey
The nonbank locked $2.3 billion of purchase mortgages in March, up 52.0 percent from the prior month.
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The CFPB’s Latest RFI: How We Doing in the Complaint Department? Meanwhile Mulvaney Testifies…

April 11, 2018
Paul Muolo
Mulvaney – a former GOP Congressman from South Carolina and a Tea Party acolyte – declared: “The Bureau’s new strategic priorities are to recognize free markets and consumer choice and to take a prudent, consistent, and humble approach to enforcing the law.”
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Ginnie MBS Production Tumbled to Three-Year Low in 1Q18

April 11, 2018
John Bancroft
The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.
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Short Takes: Rep. Waters Doesn’t Hold Back on Criticism of Mulvaney / Next Up: Sen. Warren (CFPB Founder) / When Bank LOs Make More than Their CEOs / G-Rate Steps Up LO Recruitment / Worrying About GSE Servicing Comp (Still)

April 11, 2018
Paul Muolo and Brandon Ivey
According to the consulting firm of Garrett, McAuley & Co., some mortgage loan officers at depositories earn at least four-times what their CEOs make...
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Bill Dallas Named President of Finance of America?

April 10, 2018
Paul Muolo
So far, Bill Dallas has shunned all media requests for comment.
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SoFi Hires Former Co-Head of Structured Finance at Goldman as CFO. Meaning?

April 10, 2018
Brandon Ivey
The hiring of Gill hire has prompted some speculation that SoFi might resume issuance of non-agency MBS…
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