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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Short Takes: Why Treasury Dislikes the CFPB (More) / CID Abuses Alleged / Democrats Strike Back / Fannie Mae About to Lose its General Counsel / A New Hire for Opes

June 13, 2017
Paul Muolo
Looks like Fannie Mae's general counsel is headed to the U.S. Treasury...
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Want to Fund Non-QM Loans? Try Contacting Real Estate Agents

June 13, 2017
Brandon Ivey
Homebuilders can also help source non-QM borrowers.
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Short Takes: Quicken Still Hiring, Especially in Tech / A Large NPL Sale for Fannie Mae / CALCAP’s Milestone / Colony Buys More SFR Units / Correction

June 11, 2017
Paul Muolo
The broker price opinions on the Fannie Mae NPL pools ranged from 81.03 percent to 88.02 percent…
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Avoid Economic Disruptions When Pondering FHA Changes, Says MBA

June 11, 2017
George Brooks
HUD secretary Ben Carson could implement changes through mortgagee letters to shrink FHA’s role…
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Mortgage Bankers and Brokers Careful About Hiring These Days, Except…

June 9, 2017
Paul Muolo
PRMG Mortgage of California is looking to grow its wholesale and correspondent channels and is presently searching for new account executives and support staff…
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House Fires Shot Across CFPB’s Bow, Passes Financial CHOICE Act. Of Course…

June 9, 2017
Thomas Ressler
The CHOICE Act has an uncertain future in the Senate, to say the least.
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What We’re Hearing: Keep an Eye on Rates, Really / The Black Swan Event Will Be… / GSE Investors Unite? / Hoping Mnuchin Will Deal? / Top Lenders Don’t Even Use Overlays / PNC Exec Bolts for LoanCare

June 9, 2017
Paul Muolo
At the very least, these investors want a legal settlement with the Treasury Department over their “takings” claims. But will Treasury Secretary Steven Mnuchin deal?
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Who Says Realty Firms Shouldn’t Own MBs? Howard Hanna Buys Loan Brokerage Firms

June 9, 2017
Paul Muolo
Over the past five years, realty firms and lenders have been careful about joint ventures and other ownership ties…
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Retail Share of Jumbo Originations Declined Slightly in Early 2017

June 9, 2017
Sharp declines in retail originations of jumbo mortgages at a number of major lenders contributed to a decline in the channel’s share of jumbo originations in the first quarter of 2017, according to a new analysis by Inside Nonconforming Markets. The retail channel accounted for 79.3 percent of the $49.49 billion of jumbo originations reported by a diverse group of top lenders in the first quarter, down from an 82.6 percent share in the fourth quarter of 2016. Actual jumbo retail production reported by the group was...[Includes one data table]
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AIG Close to Issuing Jumbo MBS

June 9, 2017
American International Group’s jumbo conduit has purchased a significant volume of mortgages in the past year and has plans to issue non-agency mortgage-backed securities. As of April, AIG Investments had purchased prime jumbo mortgages with an original balance of approximately $4.80 billion, according to Fitch Ratings. AIG launched its residential mortgage lending division in 2013 and has ramped up acquisition activity since then. Fitch recently assessed...
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