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Home » Topics » Inside Mortgage Finance » Originations

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FHFA Inspector General Worries About Potential MI Risks

March 5, 2018
Carisa Chappell
The FHFA Inspector General worries that relying on a small number of counterparties increases the GSEs’ risk exposure…
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The Seasonal Downturn Strikes: GSE Production Declined in February

March 5, 2018
John Bancroft
Business levels at the two were not the same: Fannie MBS issuance was down 14.1 percent from January, while Freddie production was up 0.5 percent…
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Short Takes: Nationstar’s Other Suitor? / Break it Into Three / Ex-Stearns CEO Brian Hale Resurfaces / Too Many Vacancies, Not Enough Interested Individuals? / NewDay Hires SVP

March 5, 2018
Paul Muolo
It’s believed that one of the “pieces” the new owner planned to spin off was Xome, a real estate vendor that works with consumers…
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Rating Services Point to Growing Use of Appraisal Alternatives as a Market Concern

March 2, 2018
Alternatives to traditional appraisals are attracting increasing interest among U.S. mortgage market participants, which would potentially weaken the credit quality of new residential MBS, according to rating service analysts.
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Ocwen and PHH: A Match Made in Adversity?

March 2, 2018
Paul Muolo
PHH’s common once traded as high as $28 a share, Ocwen $58 a share. Today they trade for $10.50 and $3.50, respectively…
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What We’re Hearing: Ocwen’s CFPB Problem Isn’t Going Away / Overseas Regulatory Exposure / Jeb Hensarling’s GSE Bill / Does the AEI have the Ear of the White House? / HUD Secretary Shocked to Find Gambling in his Establishment / Brian Montgomery, the Pati

March 2, 2018
Paul Muolo
A few years back, Pinto and AEI unveiled a new mortgage product called the Wealth Building Home Loan, which was intended to provide an affordable mortgage option for low- and middle-income borrowers.
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FinTech Makes Mortgage Lending More Efficient

March 2, 2018
Technology-based, or “fintech,” lenders are revolutionizing the mortgage-lending process with new, innovative ways of doing business, far from the more traditional methods of delivering loan products and financial services, according to a new study by the Federal Reserve Bank of New York. The study, “The Role of Technology in Mortgage Lending,” describes fintech lenders as “lenders that offer an application process that can be completed entirely online.” Fintech lenders have grown ...
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Concerned about Nonbanks, Ginnie Mae Mulling Changes to its ‘Acknowledgement Agreement’

March 1, 2018
George Brooks
Acting Ginnie Mae President Michael Bright: “If they don’t have money to make principal and interest payments to investors every 20th day of the month, then Ginnie MBS are in trouble.”
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A $41 Million Profit for Nationstar in 4Q17 and Higher Originations Too

March 1, 2018
Paul Muolo
Two years ago, Nationstar Mortgage subserviced just $22 billion in loans. Today the figure is...
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Purchase-Mortgage Lending Turns in its Best Year Since 2006

March 1, 2018
John Bancroft
An estimated $1.148 trillion of home-purchase mortgages were originated in 2017, a 10.7 percent increase from the prior year.
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