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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Short Takes: Fix & Flip Lender Targets Multifamily Sector / Branching Out Into Florida / No Word on Carson and His Deputy / New Rez Tests ABS Market / Fed General Counsel Alvarez Announces Retirement

February 8, 2017
Brandon Ivey and Paul Muolo
The full Senate could vote on the Ben Carson nomination next week...
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Blackstone in Takeover Talks with ‘Fix & Flip’ Lender Jordan Capital

February 7, 2017
Paul Muolo
Over the past two years, the Wall Street giant has purchased a handful of nonbank lenders, including Gateway Funding...
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Fed Survey: Demand for Subprime Mortgage Credit Fell in 4Q16

February 7, 2017
Thomas Ressler
The Fed LO survey does not include sentiments expressed by loan officers and account executives who work at nonbanks…
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Fitch Gives ‘Average’ Ratings to Nonprime Lenders Angel Oak, Citadel and Deephaven

February 7, 2017
Brandon Ivey
The assessment matches the rating service’s “grade” on Caliber Home Loans, which issued the first AAA-rated nonprime MBS backed by new originations.
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FHA Production Up 7.3 Percent in 2016; Banks Account for Just Two of the Top 15 FHA Lenders

February 7, 2017
George Brooks
Banks continue to pull away from directly funding FHA loans in the retail channel, citing the potential legal liability…
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Flagstar Makes a Bold Move: Agrees to Buy Stearns’ Correspondent Platform

February 7, 2017
Paul Muolo
With its consent order in the rear-view, look for Flagstar to do more deals, industry advisors told IMFnews...
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Short Takes: Blackstone’s Tentacles / MBA Sides with PHH in CFPB Case / Banks Might Ease GSE Standards / The ‘Silver Bullet’ to Replace LOs with Machines / Stonegate Hires SunTrust Executive

February 7, 2017
Paul Muolo and Thomas Ressler
Correspondent lending accounts for 21.4 percent of Stearns’ total origination volume, based on fourth quarter figures from Inside Mortgage Finance…
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Jumbo Originations Up at Some Shops, Down at Others

February 6, 2017
Brandon Ivey
Among four depositories that publicly disclose their jumbo originations, First Republic Bank and Flagstar Bancorp posted increases…
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JPM Working on a Non-Agency MBS Deal With Loans Aggregated by Two Harbors

February 6, 2017
Brandon Ivey
In July, publicly traded REIT Two Harbors Investment Corp. announced it was discontinuing its mortgage conduit and securitization operations.
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Citigroup’s Exit from Servicing, the First Step in a Total Withdrawal from Mortgages?

February 6, 2017
Paul Muolo
Dave Akre, who runs Whole Loan Capital, noted, “How can they stay in the mortgage origination business when servicing is a huge part of the borrower experience?”
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