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Home » Topics » Inside Mortgage Finance » Originations

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Mortgage Originations Expected to Remain Strong Heading into 2016, with a Backlog Attributed to TRID

January 14, 2016
A significant amount of mortgage originations that were set to be completed before the end of 2015 were pushed into early 2016, according to industry analysts. The closing issues could be related to the Consumer Financial Protection Bureau’s “TRID” integrated disclosure rule, with first quarter production expected to see a boost as lenders adjust to the new requirements. Late this week, JPMorgan Chase offered the first look at origination trends for major lenders ...
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The TRID Compliance Mess Continues: a 100 Percent Rejection Rate by One Investor

January 13, 2016
Paul Muolo
A 100 percent rejection rate? That's a problem...
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‘Risk Fee’ or No Fee: Different Approaches for Fannie and Freddie

January 13, 2016
Carisa Chappell
In the past, some lenders have complained about forced buybacks because of loan defects even when a mortgage is current.
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Smooth Sailing Ahead for New Breed of ‘Alternative Doc’ Mortgages?

January 13, 2016
Brandon Ivey
Alternative-documentation verification in the current market typically includes a review of bank statements, W2s, pay stubs, assets and more...
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Complaints Filed with the CFPB Down Sharply in 4Q15, but…

January 13, 2016
Thomas Ressler
In the home mortgage sector, complaints dropped both quarterly and annually.
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Short Takes: We Don’t Need No Stinkin’ FICO Scores / Will TRID Hurt Earnings? / TRID was a ‘Blip’ on the Radar at RPM / More NPL Sales by Fannie / Stonegate Exec Departs for Ditech

January 13, 2016
Paul Muolo
Shelly Logemann, a top producer and branch manager for the privately held RPM, told us “TRID was a blip on the radar..."
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Short Takes: FHFA to Industry: Thanks for Your 400 Comments, but No / Mortgage REITs are Not Happy / IMA Selling $3B in Ginnie MSRs / Schneider’s Salary Revealed / Executive Leaves Altisource for Altavera

January 12, 2016
Paul Muolo
In other words, the regulation to ban captives from entering the system moved forward despite overwhelming industry opposition…
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Nonbank Share of GSE Business Approaching the 50 Percent Mark

January 12, 2016
John Bancroft
Quicken Loans, ranked second overall in GSE loan deliveries last year, growing its business by 32.2 percent…
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It’s Official: FHFA Bans ‘Captives’ From FHLB System; $35 Billion in Advances Must Go – Eventually

January 12, 2016
Carisa Chappell and Paul Muolo
REITs have gained access to the FHLB discount window with the goal of leveraging their investments in both MBS and servicing rights.
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While Many New Originations Haven’t Been Compliant with TRID, Fitch Projects Modest Risk for Non-Agency MBS

January 12, 2016
Brandon Ivey
The guidance from Fitch could ease some fears among purchasers of non-agency mortgages...
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