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Home » Topics » Inside Mortgage Finance » Originations

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Consumers Complaining a Lot Less About Mortgages. What’s Up With That?

February 1, 2016
Thomas Ressler
Kvetching about mortgage servicing was down sharply too, off 23.1 percent compared with the third quarter.
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FBR Drops Coverage of PHH, Fannie and Freddie Too; No Earnings Date for PHH Yet

February 1, 2016
Paul Muolo
In the announcement on dropping coverage, FBR quoted PHH management as saying “organic growth is hard to come by, strategic initiatives are taking longer to achieve, and prepayment speeds on the company’s MSR are still elevated…”
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Short Takes: Equifax Includes FHA in its ‘Subprime’ Numbers / When is Subprime Not FHA? / It Appears PHH is Trading at a Discount / A Jumbo Loan for the Playboy Mansion? / President Trump Might Free the GSEs

February 1, 2016
Brandon Ivey and Paul Muolo
Super-jumbo lenders take note: Hugh Hefner’s Playboy mansion is now officially for sale.
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A Secondary Market Develops for ‘Scratch & Dent’ TRID Loans; Mid-America, Others are Buying

February 1, 2016
Paul Muolo
One company that confirmed its interest in scratch-and-dent TRID loans is Mid America Mortgage.
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Income-Property MBS Hit Post-Crash High in 2015; GSE, Ginnie Mae Multifamily Shine

January 29, 2016
John Bancroft
All three agencies posted big increases in multifamily MBS issuance last year, with Freddie (up 65.4 percent) and Fannie (up 36.4 percent) leading the way…
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Residential Credit Solutions Sold to Walter Through an Asset Transfer

January 29, 2016
Paul Muolo
The REIT had hoped to buy an originator too, but the transaction fell apart...
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‘Captives’ Contemplate a Way to Stay in the FHLB System: Legislation or Lawsuit?

January 29, 2016
Carisa Chappell
REITs have enjoyed this financial advantage so much that it’s unlikely they will fold on the issue without some type of battle.
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Do GSE Plaintiffs Have a Shot in State Court Regarding the Earnings ‘Sweep’?

January 29, 2016
Carisa Chappell
The plaintiffs argue that state law prohibits the preferred stock of a corporation from getting a cumulative dividend right equal to all of a company's net worth...
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What We’re Hearing: Oh, and Here’s a New Fee / Losing Money on Loans Because of TRID? / Too Embarrassed to Give TRID Results? / What Would Ed DeMarco Say Now? / Phoenix Out with New MSR Deal / Promotions at Stonegate

January 29, 2016
Paul Muolo
90 cents on the dollar for a mortgage with TRID errors? That can't be welcome news...
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FHFA Decision on FHLBanks and Captive Insurers Seen as a Blow to Non-QM Funding

January 29, 2016
The Federal Housing Finance Agency’s recent final rule limiting membership in the Federal Home Loan Bank system will reduce funding for originations of non-qualified mortgages and other non-agency activity, according to industry analysts. In recent years, many real estate investment trusts gained access to FHLBank advances via captive insurance companies. A final rule from the FHFA this month closed that so-called loophole, with the regulator claiming that Congress didn’t ...
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