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Home » Topics » Inside Mortgage Finance » Originations

Originations
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HomeStreet Scales Back Mortgage Operations, Cites Lack of Housing Supply on West Coast

October 3, 2017
Brandon Ivey
HomeStreet will reduce its mortgage banking staff by 60 full-time equivalent employees...
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Short Takes: Some Criticism for the GSE Regulator / Security National Passes $3B Mark / Ellie Mae Completes Velocify Deal / Banks Will Pay Because of Equifax Mess / Executive Bolts Stearns for Sierra Pacific

October 3, 2017
Paul Muolo and Thomas Ressler
But that didn’t stop the conservative from the Lone Star state from offering up some critiques on the FHFA...
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Surprise (Or Maybe Not): ARM Originations Up Sharply in Second Quarter

October 2, 2017
Brandon Ivey
LoanDepot more than doubled its ARM originations in that span, and large increases were also seen at Wells Fargo, Bank of America Home Loans, First Republic Bank and MUFG…
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Ginnie Mae Says Hurricane Damage Affected Almost 10 Percent of its Portfolio

October 2, 2017
Paul Muolo
In the interim, mortgage servicers must continue to pass on the principal and interest payments to the end bondholders.
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Peter Heintz Departs as Co-Head of Loan Acquisitions at SG Capital

October 2, 2017
Paul Muolo
SG has been an investor in nonprime/non-QM loans and has even issued unrated deals…
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If There’s Hope for Financial Reform, It Rests with the Regulators

September 29, 2017
Brandon Ivey
“Expectations have had to be reset post-election,” said Ryan Schoen, a senior financial services analyst at Washington Analysis.
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It Finally Looks Like Mortgage Underwriting Standards are Easing

September 29, 2017
Thomas Ressler
The easing of underwriting standards was most dramatic for loans eligible for sale to Fannie Mae and Freddie Mac…
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CBO Wants to De-Risk FHA, Suggests Limiting the Program to FTHBs and Low/Mod Borrowers

September 29, 2017
Paul Muolo
CBO suggests seven options to reduce risk in FHA coverage, including insuring less of the loan amount...
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What We’re Hearing: Sen. Warren Pens a GSE Letter to Mnuchin and Watt / Not a Fan of ‘Recap & Release’ / The Trump Administration Worries About FHA / More Ocwen Settlements / Growth Companies: CALCAP and FCI Lender Systems

September 29, 2017
Paul Muolo
For several months now we’ve been hearing reports that the Trump administration has grave concerns about the FHA program...
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ARM Originations Up Sharply in Second Quarter

September 29, 2017
Originations of adjustable-rate mortgages increased by 40.5 percent from the first quarter of 2017 to the second, according to a new ranking and analysis by Inside Nonconforming Markets. An estimated $59.0 billion of ARMs were originated in the April-June cycle, with a number of major banks and nonbanks posting solid gains. Chase was...[Includes one data table]
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