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Home » Topics » Inside Mortgage Finance » Originations

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Reverse Lending Rises 7.7 Percent in 1Q16; Nonbanks Continue to Dominate the Sector

June 21, 2016
George Brooks
American Advisors Group remained as the alpha dog of the reverse lending pack, producing $525.7 billion in HECMs during the first quarter…
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PennyMac Adds Non-Delegated Option to Correspondent Program. The Cost: $495

June 21, 2016
Brandon Ivey
PennyMac is hoping non-delegated deliveries become an attractive option for many of its customers…
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Carrington Will Fund GSE Loans Via Mortgage Brokers

June 21, 2016
Paul Muolo
Although Carrington does not disclose lending volumes, at March 31, it was the 10th largest servicer of Ginnie Mae loans with a balance of $32.25 billion, according to government data.
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Short Takes: CFO of Marketplace Firm Departs / The Coming Bloodbath in Marketplace Lending? / More Non-Delegated Options for Sellers / MiMutual Posts Nice Production Gain / He’s Back: GSE Wag Bill Maloni

June 21, 2016
Paul Muolo and Brandon Ivey
Consultant Joe Garrett noted that if investors are worried about marketplace lenders in the current credit environment, just wait until the economy eventually goes south...
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Interest-Only Lending Up Almost 27 Percent in 1Q16

June 20, 2016
Brandon Ivey
Chase, which has significantly increased its jumbo originations in recent years, more than doubled its IO originations in the first quarter.
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USDA Securitizations Off in 1Q16; (Departing) JPM the Top Issuer

June 20, 2016
George Brooks
Roughly $3.9 billion of mortgages with a USDA guarantee were securitized during the first three months of 2016, with the top five issuers accounting for almost 52 percent of that amount…
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The Bank Incentive to Hold Mortgages in Portfolio Isn’t Going Away Anytime Soon

June 20, 2016
Brandon Ivey
It’s no secret that some banks, including Wells Fargo, are retaining GSE-eligible mortgages in portfolio instead of delivering them to Fannie Mae and Freddie Mac. When and if the trend will reverse is anyone’s guess…
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Short Takes: Up and Down Mortgage Mt. Everest / Going Online with IO Ads / Overture’s Tech Update / DOJ Abandons Case Against Countrywide Founder Mozilo

June 20, 2016
Paul Muolo and Brandon Ivey
Social Finance (SoFi) and Guaranteed Rate are among the lenders advertising their interest-only offerings online…
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Will the Fed Ever Hike Rates Again?

June 20, 2016
Paul Muolo
There’s a growing belief among some economists and mortgage market watchers that the central bank may not raise interest rates at all this year.
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Interest-Only Originations Increase in First Quarter

June 17, 2016
Originations of interest-only mortgages increased sharply in the first quarter of 2016, according to a new analysis by Inside Nonconforming Markets. A group of 12 lenders originated $8.72 billion in IOs in the first quarter, up 26.9 percent from the previous quarter and a 29.8 percent increase from same period in 2015. IO originations in the first three months of 2016 even topped the $8.61 billion in IO originations by the lenders in the second quarter of 2015. [Includes one data chart] ...
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