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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Home Equity Loans Down Ever So Slightly at Depositories

March 30, 2016
Brandon Ivey
Bank of America ranked second in home equity holdings with $125.69 billion.
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MBA Says Applications Fell Again, but Lenders Say 1Q16 Looking Decent

March 30, 2016
Paul Muolo
Jim Picard, vice president of Denali Home Loans in Alaska, said that so far this quarter, his firm’s volume is up almost 13 percent compared to the year ago period.
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Want to Achieve TRID Compliance? First Meet These 150 Requirements…

March 30, 2016
Brandon Ivey
The SFIG draft includes details on potential cures for TRID violations.
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Huge Growth in Securitization of VA ‘Jumbos’

March 30, 2016
George Brooks
Wells Fargo delivered $5.03 billion of VA jumbo loans into Ginnie Mae pools in 2015, making it the leading securitizer in that segment.
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Short Takes: Who Will Show Up First on TRID Relief? Godot or Cordray? / A Potential to Shut Down the Mortgage Market? / Fannie’s Play in Energy Loans / DocMagic’s Launch / New Consumer Lending Chief for Ditech

March 30, 2016
Carisa Chappell and Paul Muolo
This same official also predicted that if TRID errors ever become an issue on Fannie Mae/Freddie Mac loans, the entire mortgage market would come to a halt...
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Non-QM Lending: A Niche Market Looking to Expand?

March 30, 2016
Brandon Ivey
Impac originated $132.4 million in non-QMs in 2015, including $50.8 million in the fourth quarter of the year. Citadel did even more...
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TRID’s Impact on Fannie and Freddie: Little or None

March 29, 2016
Carisa Chappell
Although the GSEs have not started conducting routine quality control file reviews for technical compliance with the TRID rule, they are checking to make sure the new forms are being used.
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More TRID Headache Stories: How a $19 Mistake Cost a Lender $70,000

March 29, 2016
Paul Muolo
“The real punch in the gut is the investor taking 30 days to review” the mortgage, said the CEO. “Then they said it’s not up to their standards.”
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A New Indemnification Period for RHS Lenders: Five Years, Not Two

March 29, 2016
Brandon Ivey
The RHS stated that it may seek indemnification in cases of fraud or misrepresentation regardless of when the loan closed or when the default occurred.
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Plan to Smooth Out TRID Errors Could See the Light of Day This Week

March 29, 2016
Brandon Ivey
The SFIG has circulated a draft proposal regarding a standardized approach...
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