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Home » Topics » Inside Mortgage Finance » Originations

Originations
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VA Lending Up Almost 30 Percent; Nonbanks Dominate

September 27, 2016
George Brooks
Among the top 20 VA lenders, just six depositories made the cut: USAA, Navy Federal, Wells Fargo, Flagstar Bank, The Federal Savings Bank and North American Savings Bank…
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‘Big’ M&A Announcements Slated for MBA Convention in Boston?

September 27, 2016
Paul Muolo
Most of the firms looking to buy other shops are nonbanks…
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Freddie Mac Rolls Out Front-End Risk-Sharing Pilot; But No Benefit for Lenders

September 27, 2016
Paul Muolo
One trade group source had this to say about the arrangement: “There’s no g-fee break? Then it doesn’t sound like front-end coverage that helps lenders.”
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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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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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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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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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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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