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Home » Topics » Inside Mortgage Finance » Originations

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Short Takes: Trump Has Some Choice Words for Janet Yellen / The CFPB Now Carries the Wells Fargo ‘Shield’ / FBR Likes MI Sector / Alt Credit Score Models? / A New CEO for New Castle

September 27, 2016
Paul Muolo and Thomas Ressler
Apparently, not everyone is a fan of low rates. Take Donald Trump, for instance...
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Interest-Only Originations Spiked 45 Percent in 2Q; PHH Mortgage a Standout

September 26, 2016
Brandon Ivey
Morgan Stanley was offering a 5/1 IO ARM with an interest rate of 3.850 percent for loan amounts below $1 million…
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UWM Provides Grant Funding for Brokers to Open Their Own Shops; Money Doesn’t Have to be Repaid

September 26, 2016
Paul Muolo
Requirement for the program include: three years of mortgage experience, a statement on production goals, anticipated operational structure and a description of the company.
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Streamline Refis Causing Problems for VA, Ginnie Mae Investors

September 26, 2016
George Brooks
VA wants to make sure that borrowers are not making a hasty decision to refinance, said VA Acting Director Jeffrey London.
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Fannie Mae Rolls Out DU 10.0 Featuring ‘Trended Credit Data’

September 26, 2016
Carisa Chappell
Fannie said DU 10.0 also will help borrowers who have multiple financed properties, eliminating certain eligibility overlays…
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Short Takes: Trump & Hillary Mortgage Corp. / CHLA Weighs In on Front-End Risk-Sharing: No / Will ALTA Break the CFPB’s Website? / Now, Print Your Name and Personal Story Right Here

September 26, 2016
Paul Muolo and Thomas Ressler
When it comes to front-end GSE risk sharing deals, just say no?
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More Purchase Loans Not Closing on Time. The Culprit: A Shortage of Appraisers

September 23, 2016
Brandon Ivey
More bad news on appraisals: the on-time closing share has declined for four consecutive months…
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Some Issuers Still Failing Ginnie Mae’s Net Worth and Liquidity Requirements, but…

September 23, 2016
George Brooks
Ginnie expects issuers to actively participate by issuing, servicing or subservicing agency MBS…
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The New Breed of Nonprime Lenders See Plenty of Room for Growth

September 23, 2016
Brandon Ivey
Tom Hutchens, SVP of sales and marketing at Angel Oak, said originations of nonprime non-QMs have predominantly been purchase mortgages. However, refinance activity is starting to increase…
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What We’re Hearing: GSE Loan Limits to Move Higher? / No One Feels Sorry for Wells Fargo / The King of the Cross-Sell is now the King of Pain / Maybe the CFPB Needs a Kick in the… / MBA’s Dave Stevens Doesn’t Expect Peace to Break Out / Skyline Still Hiri

September 23, 2016
Paul Muolo
Mortgage lenders, start your engines: the Fannie Mae/Freddie Mac loan limit is set to rise...
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