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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Loans in New ‘Nonprime’ MBS Look like ‘Alt A’ Loans Really

August 8, 2017
Brandon Ivey
In fact, some of the underwriting characteristics on new nonprime loans are even stronger than the credit quality on pre-crisis Alt A mortgages…
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Trade Groups Call on CFPB to Address the GSE ‘Patch’ One Way or Another

August 8, 2017
Thomas Ressler
The Consumer Mortgage Coalition and MBA separately recommend replacing the GSE patch with a more transparent set of criteria…
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Movement Mortgage CEO Rebrands His New Bank as, You Guessed It, Movement Bank

August 8, 2017
Paul Muolo
According to Casey Crawford the recapitalized depository will focus on “loving and serving people.”
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Utah-Based Nonbank Nixes Purchase of Ron McCord’s FMC After Lawsuit is Filed

August 8, 2017
Paul Muolo
Among other things, CapLoc – an affiliate of Eli Global – charges that FMC pledged “ineligible” mortgages as collateral…
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Short Takes: CapLoc Affiliate Wanted to Buy FMC / Two Sides to a Story / MBS is Busy with M&A Deals / FRB Distinguishes Itself in Jumbo Market / Vendor Watch

August 8, 2017
Brandon Ivey, Paul Muolo, and Thomas Ressler
Advisory firm Mortgage Banking Solutions, Austin, TX, is working on three mortgage-related acquisitions...
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Jumbo Originations Up in 2Q17 as Banks Report Strong Demand

August 7, 2017
Brandon Ivey
Lee Smith, an executive vice president and COO at Flagstar, said the bank’s jumbo originations were bolstered by the acquisition of Opes Advisors…
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House Republicans Push Another Contempt Case Against CFPB’s Cordray

August 7, 2017
Thomas Ressler
The GOP legal analysis asserts that Cordray failed to satisfy subpoenas the committee issued for agency records…
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Trader Joe’s a Beacon for Homebuyers?

August 7, 2017
Sherry Muolo
Homes located near a Trader Joe’s location had an average 5-year appreciation of 67 percent…
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Why is it Taking So Long for Trump to Nominate Kittle as Ginnie Mae Chief?

August 7, 2017
Paul Muolo
According to industry officials who claim to have knowledge of the matter, Kittle is still the top pick, but...
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Fairholme Predicts Trump’s DOJ Will See (GSE) Things Its Way

August 7, 2017
Paul Muolo
“There is a proven blueprint to succeed, and we hope to successfully resolve this matter before reaching the Supreme Court of the United States,” the company told investors.
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