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Home » Topics » Inside Mortgage Finance » Originations

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Merrill Lynch Tells PHH to Take a Hike on Private-Label Contracts; Stock Clobbered

April 11, 2016
Paul Muolo
PHH isn't saying much on the touchy subject of Merrill Lynch at this time...
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Short Takes: The ‘Banksters’ Aren’t Going to Jail But They Are Paying Through the Nose (Goldman Sachs) / CFPB Chief Cordray Tries to Clear the Air on TRID ‘Cures’ / Nation’s Largest Mortgage REIT to Buy Another / Two New Directors for Fannie Mae

April 11, 2016
Paul Muolo and Brandon Ivey
Associate Attorney General Stuart Delery: “This resolution holds Goldman Sachs accountable for its serious misconduct..."
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Wells Fargo Agrees to Pay U.S. Record $1.2 Billion to Settle Allegations of FHA Fraud

April 9, 2016
Paul Muolo
As recently as this past summer, there was talk in the industry that Wells Fargo might counter-sue the government...
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Non-Mortgage ABS Up Almost 30 Percent From 4Q15, But…

April 8, 2016
John Bancroft
In 1Q, the residential MBS sector was down 7.1 percent from 4Q15 with $277.05 billion in new issuance. It was the lowest output since the second quarter of 2014...
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New Study: Realtors Like the ‘Call Center’ Lending Model

April 8, 2016
Brandon Ivey
Of course, Quicken isn't the only lender that uses call centers to produce retail loans...
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Preserve Fannie and Freddie Somehow? Okay, but What About Expanding the Credit Box?

April 8, 2016
Carisa Chappell
What's the right answer to the GSE "problem"? A new Congress and White House will have to decide...
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Blackstone May Take its SFR Platform, Invitation Homes, Public

April 8, 2016
Paul Muolo
Blackstone’s SFR unit, Invitation Homes, appears to be the market leader with 50,000 rental units nationwide.
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Blackstone Group May Take Its SFR Platform, Invitation Homes, Public

April 8, 2016
The Blackstone Group, which has several investments in mortgage finance and real estate, is contemplating taking its single-family rental business public. It’s just a matter of when. Late this week, a Blackstone media official declined to discuss the topic of an initial public offering of its SFR business, which was first reported by The Financial Times and mentioned in an investor note from Compass Point Research & Trading. The IPO has...
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What We’re Hearing: Hot Commodities: Mortgage Call Centers? / Morningstar Says Chillax on TRID / MBA’s Chief Dave Stevens: It’s Not Just ‘Bellyaching’ / Do or Die Time For Ocwen? / Carol Galante Will Earn How Much at Ocwen? / Casey Crawford Scores, Again

April 8, 2016
Paul Muolo
The mortgage industry is still demanding “formal” guidance from the CFPB on TRID and will accept nothing less.
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Originations of IOs Increased in 2015

April 8, 2016
The volume of interest-only mortgages originated in 2015 increased compared with the previous year, according to a new ranking by Inside Nonconforming Markets. IOs appear to be the most common type of non-qualified mortgage currently being offered by lenders. A group of 12 lenders originated $29.56 billion in IOs in 2015, up 8.5 percent compared with the previous year. The loans fell outside of QM standards set by the Consumer Financial ... [Includes one data chart]
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