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Home » Topics » Inside Mortgage Finance » Originations

Originations
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What We’re Hearing: The Largest, Post-Crash Subprime MBS To Date? / Angel Oak? / Beach Point Deal Ready / Credit Suisse Eyeing Subprime Entry? / $1,000 Appraisals? / And the New CEO of Lenders One Is… / Hoping for Credit Score Competition

December 11, 2015
Paul Muolo
This lender said finding good appraisers can sometimes be a challenge and predicted that eventually appraisals on such mortgages could cost upwards of $1,000…
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Google Enters the Mortgage ‘Search’ Space. Should Lenders and Brokers Worry? Answer: Probably Not

December 10, 2015
Search engine giant Google recently launched a new mortgage comparison tool that allows borrowers and lenders to search for the lowest rates, a development that will be carefully watched for the simple reason that, well, it’s Google. The mortgage tool is a part of Google Compare, a service that allows consumers to compare options for various products, such as credit cards and auto insurance. Though the effort is branded with Google’s name, the company has teamed up with Zillow and LendingTree to introduce this service. Compare allows...
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TRID Compliance Failures Exceed 90 Percent, Although Many Trivial

December 10, 2015
Thomas Ressler
Moody's said the results suggest that some lenders are having difficulty complying with the new TRID rules, a credit negative...
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Fannie/Freddie High-LTV Programs Slow to Catch On

December 10, 2015
John Bancroft
Black Knight Financial also said that despite the reintroduction of Fannie’s and Freddie’s 97 LTV product, the FHA/VA continues to dominate low downpayment lending.
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Jumbo Production Slows More Than the Overall Market, but Not By Much

December 10, 2015
John Bancroft
An estimated $117.1 billion of mortgages exceeding the baseline conforming loan limit of $417,000 were originated during the third quarter.
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FHA National Loan Limit Ceiling Remains Unchanged for 2016, but Increases for 188 Counties

December 10, 2015
Paul Muolo
HUD actually offers an appeal process where lenders can ask for a loan limit increase for their county...
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TRID-Related Loan Delays Bolster Warehouse Profits? Looks That Way

December 10, 2015
Paul Muolo
“Turn times are slower and processing times are longer,” said David Frase of Southwest Bank.
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Short Takes: Banks Continue to Backpedal Away from Servicing Rights / Ocwen Sells MSRs and Pays Down Debt / Nationstar and Mr. Cooper Set for March? / GSEs Invoke Holiday Foreclosure Moratorium Again

December 10, 2015
John Bancroft, Carisa Chappell, and Paul Muolo
Slip, sliding away: commercial banks and loans-serviced-for others...
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Warehouse Lending Slows Somewhat; Banks Cut Pricing

December 9, 2015
Paul Muolo
“There is a ton of competition out there right now,” said one warehouse manager who works for a top-five firm.
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Agencies Provide Updates on Mortgage Regs; In February Look for FHFA Rule on Captives and FHLB Membership

December 9, 2015
Thomas Ressler
Look for new FHLB membership rules from the FHFA by February 2016...
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