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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Share of Loans that Close on Time Increasing

December 22, 2016
The share of purchase mortgages that closed on time increased in recent months, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The improved closing performance occurred as home sales declined and interest rates on mortgages started to rise. Some 68.4 percent of Fannie Mae/Freddie Mac purchase mortgages with private mortgage insurance tied to home sales in November closed on time, based on a three-month moving average ...
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SFIG, MISMO Work to Standardize Data

December 22, 2016
Lenders that deliver loans to agency buyers and non-agency buyers could benefit from standards developed by the Structured Finance Industry Group and the Mortgage Industry Standards Maintenance Organization. SFIG detailed the data standardization effort in a green paper released last week. The Wall Street group noted that a lack of accepted standards can lead to confusion and disagreement between counterparties and service providers, particularly when data are calculated or ...
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PHH Says Panel Got it Right, No Need to Rehear 'En Banc' in Controversial CFPB Case

December 22, 2016
Thomas Ressler
The U.S. Solicitor General is also expected to submit a filing to the court...
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OCC Warns of Credit Risk as Banks Loosen Underwriting Standards for Mortgages

December 21, 2016
Brandon Ivey
The OCC’s study covers 85 banks that originate first-lien mortgages…
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New Home-Equity Lender Could Fund $450 Million in 2017; Seeks to Hire LOs

December 21, 2016
Paul Muolo
Shellpoint owns part of Spring EQ and both firms have common owners.
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Short Takes: NAR Warns House Speaker Ryan Not to Mess with Housing / The Ramifications of Making Changes to the Tax Code / Miami Under Water and Not in Terms of Home Equity / RPM in the Hunt? / Seniors and Home Equity

December 21, 2016
Paul Muolo
A new report from ATOM Data Solutions says concerns about rising sea levels “remain a rarity among most South Florida homeowners and investors"...
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Interest-Only Originations Falter (For Some) in 3Q16

December 20, 2016
Brandon Ivey
After PHH Mortgage, the other top IO producers in 3Q16 were JPMorgan Chase, First Republic Bank, MUFG Union Bank, and Citibank.
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AMC Dominates Third-Party Due Diligence Completed on Non-Agency MBS

December 20, 2016
Brandon Ivey
Fitch said AMC’s market share of due diligence on non-agency MBS was boosted by the acquisition of JCIII & Associates a year ago.
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Ginnie Mae President Ted Tozer Set to Leave Jan. 20, but Would Like to Remain as a Consultant (For a While)

December 20, 2016
Paul Muolo
Since the election, Tozer has met with the Trump Department of Housing and Urban Development “landing team” once, for a 90 minute meeting that included Shawn Krause…
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The NYCB-Astoria Financial Merger is Kaput

December 20, 2016
Brandon Ivey
Consumer advocates were among the groups that opposed NYCB’s acquisition of Astoria…
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