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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Freddie Posts $2.16 Billion Profit for 4Q15; Hedging Losses Not an Issue – This Time Around, But…

February 18, 2016
Paul Muolo
The CEO noted that Freddie Mac has made great inroads in doing more business with small to medium-sized lenders, but also said that when it comes to the GSE’s credit box, “it is not being fully used” by the industry.
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Short Takes: Why GSE Hiring is on the Rise / When is Don Layton Leaving Freddie? / Ellington Accelerates Non-QM Loan Buys / No, Says FHA / Stonegate Hires Former NovaStar Official

February 18, 2016
George Brooks, Brandon Ivey, and Paul Muolo
Shrinkage? Thanks to the CSP, changes in reps and warrants, cyber security and more, Freddie Mac continues to hire new workers...
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REIT Moves to Increase Funding Options by Launching Its Own Broker-Dealer

February 18, 2016
Brandon Ivey
The REIT's new broker-dealer unit is now fully staffed and is in the regulatory application process...
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Homeownership Rate Expected to Decline Due to Trends in Demographics, Housing Costs and Underwriting Standards

February 18, 2016
A variety of factors could cause a significant decrease to the homeownership rate in the coming years, according to industry analysts. Under a scenario where the housing market resembles the current market in California and high-income European countries, the U.S. could shift to having a majority of renters instead of homeowners in 35 years. In a paper set to be published by the Department of Housing and Urban Development, Arthur Acolin, Laurie Goodman and Susan Wachter projected that the homeownership rate will decline from 63.4 percent in 2015 to 57.9 percent in 2050. Acolin is a PhD student at the University of Southern California, Goodman is the director of the Urban Institute’s Housing Finance Policy Center and Wachter is a professor at The Wharton School of the University of Pennsylvania. The researchers said...
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The Final Tally on FHA Originations: Up 77 Percent in 2015. Credit the MIP Cut?

February 17, 2016
George Brooks
Thanks to the MIP cut, it was FHA's best year since 2010.
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REIT Rethinks Jumbos: Hatteras Will Reduce Presence in the Market

February 17, 2016
Brandon Ivey
At Hatteras Financial jumbos are "out" and mortgage servicing rights are "in"...
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Gone but Not Forgotten: Ocwen Founder Erbey Controls 17 Percent of the Company

February 17, 2016
Paul Muolo
Bill Erbey controls blocks of Ocwen's stock in his own name, but also through limited partnerships and limited liability corporations.
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Warehouse Provider’s New ‘Mortgage Correspondent Aggregation’ Business Experiences Turbulence

February 17, 2016
Paul Muolo
Texas Capital said the economics of the program are not as strong as originally projected...
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Short Takes: High Production Volume Isn’t Everything / More Loans Mean More Compliance Risk / European-Based Banks Eyeing Mortgage Pullback? / Mortgage Layoffs at Wells / New Hires for FGMC, Silver Hill

February 17, 2016
Paul Muolo
Wells Fargo continues to cut workers tied to the servicing function...
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Jumbo Originations Up Nearly 40 Percent in 2015; Market Share Highest in 10 Years

February 16, 2016
Brandon Ivey
Eight of the top 10 jumbo producers in 2015 were banks...
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