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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Surprise: Prime Non-Agency MBS Issuance Spiked in the Third Quarter

October 16, 2017
Brandon Ivey
The nonprime MBS category includes some deals better categorized as Alt A…
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Stearns Lending Reveals it Has a Mortgage Joint Venture with SoFi

October 16, 2017
Paul Muolo
Stearns, however, doesn’t service any mortgages for SoFi…
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CFPB Enforcement Chief Anthony Alexis to Depart

October 16, 2017
Thomas Ressler
Before joining the bureau in 2012, Alexis was a complex litigation and white collar partner at the Mayer Brown law firm in Washington, DC…
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Citadel Receives Ratings from Morningstar; Look for a Nonprime MBS in January

October 16, 2017
Brandon Ivey
Morningstar said the company’s underwriting process, quality control and compliance functions were factors in the rankings…
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Short Takes: Large Nonbank Ready to Enter Second-Lien Market / Mortgage Layoffs in California? / The 30th Anniversary of ‘Black Monday.’ Beware? / UWM Rolls out ‘Client Loyalty’ Tool for Brokers / Annaly CEO will Become Chairman, Eventually

October 16, 2017
Paul Muolo
A large nonbank is about to enter the second-lien market...
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Non-Agency MBS Issuance Weakened in 3Q17 Despite Upswing in Prime Jumbo Deals

October 13, 2017
John Bancroft
The bright spot was the prime jumbo MBS market where some $2.97 billion of new bonds were issued during the third quarter…
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A (Slight) Drop in Originations at BofA for 3Q17

October 13, 2017
Paul Muolo
Home equity lending fell even more at BofA: down 12.7 percent from the prior period...
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A Modest Uptick in Home Lending for Wells Fargo in 3Q17; Meanwhile, a $1 Billion Legal Charge for Mortgage Investigations

October 13, 2017
Paul Muolo
Gain-on-sale profits came to 124 basis points, flat from the prior period, and the weakest reading of the past five quarters...
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HUD Secretary Ben Carson Open to Excising HECMs from the MMIF

October 13, 2017
George Brooks
Rep. Heck said he will ask the GAO to study and recommend options for improving the reverse-mortgage program, including shifting HECMs out of the MMIF...
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What We’re Hearing: FHFA Chief Has a ‘Number of Options’ on Zero Capital / Is That a ‘Hard’ Deadline? / Once Tax Reform is Done, Next Up: the GSEs / Can HUD Secretary Carson Get the IG to Back Off on the FCA? / Ocwen Kills Wholesale. Meaning?

October 13, 2017
Paul Muolo
Meanwhile, one detail about the capital buffer falling to zero remains unclear: On Jan. 1 will every single penny of the $600 million (at each) be carted away?
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