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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Government, Jumbo Sectors Take Biggest Lumps in Fourth-Quarter Lending Slump, ECM Gets Traction

February 8, 2018
New lending in the conventional-conforming market stayed on an even keel in the fourth quarter of 2017, likely buoyed by a surge in refinance business.
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Lenders Seek Access to Department of Health and Human Services Database in Lieu of Income Verification by IRS

February 8, 2018
Ongoing issues with the income-verification system at the Internal Revenue Service have prompted lenders to seek other options to verify the income of mortgage borrowers. In a new request to the Treasury Department, the Consumer Mortgage Coalition suggested that a database from the U.S. Department of Health and Human Services is a viable alternative to the IRS system.
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Retail Loans Less Risky in Agency Market

February 7, 2018
John Bancroft
Although Freddie Mac had a higher average credit score than its rival GSE, Fannie Mae had slightly lower average DTI and LTV ratios…
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Guaranteed Rate Hires Quicken Executive as New President of Online

February 7, 2018
Paul Muolo
At Quicken, Lombardi served as director of mortgage banking.
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Freddie Mac Looks to Carve Out New Niche for Specified Pools

February 7, 2018
Carisa Chappell
Mortgages with low loan balances appeal to investors because of their lower prepayment risk…
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Short Takes: The FHFA Version of Mick Mulvaney / Political Appointees at the FHFA? / Waiting on Hensarling’s GSE Draft / A Strong Profit for Genworth / Reverse Lender Goes Forward

February 7, 2018
Paul Muolo
Rep. Hensarling, a Republican from Texas, has yet to unveil a legislative blueprint…
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Mortgage Profits at Depositories Tumbled 29 Percent in 2017

February 6, 2018
John Bancroft
Many lenders cited increased competition in a declining market for the weaker results…
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Despite Anticipated Production Downturn, Mortgage Firms Paying up for LOs

February 6, 2018
Paul Muolo
One branch manager told Inside Mortgage Finance: “I get two calls per week from headhunters and recruiters. I’ve never seen recruiting so hot.”
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Chairman of House Financial Services Subcommittee Pondering GSE Reform

February 6, 2018
Carisa Chappell and Paul Muolo
MBA’s Dave Stevens worries about what might happen to the mortgage market under a Trump-appointed FHFA director…
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TIAA Preps Jumbo MBS with Loans Originated by Unit Formerly Known as EverBank

February 6, 2018
Brandon Ivey
In recent years, only two other banks have issued jumbo MBS: JPMorgan Chase and Flagstar...
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