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Home » Topics » Inside Mortgage Finance » Originations

Originations
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GSE Loans Shift to Less Risky Status in 3Q16

November 15, 2016
John Bancroft
In the refinance market, the share of loans falling into the low-score/high LTV group was 2.57 percent, down from 2.86 percent in the second quarter...
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New Jumbo MBS from Shellpoint Stocked with QMs, Many to Self-Employed Borrowers

November 15, 2016
Brandon Ivey
KBRA said the borrowers have strong credit profiles, significant home equity, and a weighted-average credit score of 760.
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Mortgage Loan Officers Need to Adopt to Social Media

November 15, 2016
John Bancroft
Americans spend an average of 6 hours per day on social and mobile media, which has taken over television viewing.
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FHA Insurance Fund Sees Capital Ratio Improve to 2.32 Percent. But HUD Officials Say No Cut in Premiums

November 15, 2016
George Brooks
HUD officials attributed the strong audit results to a much improved single-family forward portfolio…
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Short Takes: Quicken-FHA Case Headed to Motown / Dan Gilbert, Detroit RE Bull / Quicken’s Point of View / The Cheering Section / Wilbur Ross for Treasury Secretary?

November 15, 2016
Paul Muolo
It’s safe to say that many mortgage CEOs and their attorneys are cheering on Quicken. It’s not often that a lender fights back this strong against the government in an FHA.
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Publicly Traded Nonbanks See Improvement in 3Q16 Earnings – But Not All Share in the Good Times

November 14, 2016
John Bancroft
Stonegate Mortgage, Ocwen Financial and Nationstar Mortgage all recovered from second-quarter losses with net profits during the most recent cycle.
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Window Rock Acquires Assets from WinWater to Help Launch Mortgage Conduit

November 14, 2016
Brandon Ivey
Two former officials from WinWater joined Window Rock and will help shape the conduit, which will be known as Ventana Loan Services.
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A Downside of the Trump Election: Rising Rates; IMA: MSR Sales May Boom

November 14, 2016
Paul Muolo
Rising interest rates – as long as they don’t rise too much – could spark a boom in servicing sales, predicted Tom Piercy of Incenter Mortgage Advisors.
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GSE Plaintiffs Spar with Agencies Over Timing of Document Release

November 14, 2016
Carisa Chappell
-“While plaintiffs did not begrudge defendant a reasonable time to review the court’s decision, it is apparent that the defendant has now settled on a legal strategy but is unwilling to disclose that strategy to the extent doing so would require it to produce documents prior to the D.C. Circuit’s anticipated ruling,” Fairholme argued in court papers.
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And the Beat Goes On: FHA Premium Cut Not Looking Good

November 14, 2016
Paul Muolo
KBW believes that while the capital measurement for forward loans is likely to increase, the chances of a premium cut is low.
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