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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Walter Investment Shakes Up its Board. ‘Turnaround’ Specialist Named

January 25, 2017
Paul Muolo
Keefe, Bruyette & Woods has an “underperform” rating on Walter’s stock…
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Short Takes: loanDepot in a Hiring Mode / Some Name Change Tweaks / Movement Mortgage Hiring as Well / Give us Back Our FHA MIP Cut / ServiceLink Fined by Feds

January 25, 2017
Paul Muolo
In a poll conducted by Inside Mortgage Finance, just 14 percent of respondents said they were against a cut in FHA premiums.
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Fannie Mae Lends its Support to Nation’s Largest SFR Operator with a $1 Billion Commitment

January 25, 2017
Paul Muolo
Through the first nine months of 2016 – which represents the latest available data – Invitation Homes posted a net loss of $51.6 million, compared to a $121.7 million loss in the same period a year earlier.
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Flagstar’s 4Q16 Results: Residential Production Drops, MSRs are Marked Up

January 24, 2017
Paul Muolo
So far, the industry average on MSR markups for 4Q has been roughly 29 percent, according to a recent tally from Compass Point...
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4Q16 So Far: Mixed Results for Banks and Mortgages. An MSR Hedging Gaffe for BOK

January 24, 2017
Paul Muolo
On the servicing front, BOK Financial revealed that 4Q16 income was reduced because it left servicing-related hedges on the books for too long...
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A Warning from MBA’s Stevens: An Industry Paradigm Shift is Underway. What to do About Refi-Heavy LOs?

January 24, 2017
Brandon Ivey
The MBA chief stressed that the market is set to shift from mortgage loan officers who can thrive as “gatherers” to a market that requires “hunters.”
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Short Takes: Wells Fargo Accused of Improperly Charging for Rate-Lock Extensions / A Big Deal or Not? / The Golden West-Sandler-Wells Fargo Connection / UWM Chief to Educate on ARMs

January 24, 2017
Paul Muolo and Thomas Ressler
Some of the allegations surfaced in a Nov. 2016 letter sent to Congress by a former Wells LO named Frank Chavez...
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Suspending FHA Premium Cut is a Good Thing, Says AEI’s Ed Pinto

January 24, 2017
Thomas Ressler
At least some factions of the industry are happy about the FHA not cutting premiums, including Ed Pinto of AEI…
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A Spike in FHA/VA Default Rates for 4Q16; A Three-Year High is Reached

January 23, 2017
John Bancroft
Meanwhile, the supply of Ginnie single-family MBS outstanding continued to set new records…
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Fannie and Freddie are About to Provide a Nice Revenue Gift to Trump Administration

January 23, 2017
Paul Muolo
In 2016, Fannie and Freddie guaranteed $973.72 billion of single-family loans, an 18.1 percent improvement from the year prior.
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