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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Earnings and Production Drop at EverBank; MSR Sale to Nationstar Pending

October 28, 2015
Paul Muolo
The sale of mortgage servicing rights to Nationstar should transfer by Nov. 1.
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Lenders Get Ready: Hispanic Borrowers Could Provide a Surge in Originations

October 28, 2015
Carisa Chappell
In addition to alternative credit scoring models and low downpayment products, panelists suggested more public/private partnerships are needed to create affordable housing communities.
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Short Takes: Will Ocwen Short-Sellers Get Squeezed? / What Will Faris Say About Origination Growth? / Another Loss for NMI / Guild Sets Origination Record / NYDFS Chief Albanese Departs

October 28, 2015
Paul Muolo
The privately held Guild Mortgage, San Diego, said it funded $10.7 billion in home mortgages through the first nine months of 2015...
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The Final HMDA Tally for 2014: Conventional Conforming the Market Leader, By Far

October 27, 2015
John Bancroft
The privately held Quicken Loans was also the biggest originator of government-insured loans, accounting for 5.7 percent of the sector.
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Radian Profit Jumps 40 Percent in 3Q, a Slight Decline in NIW

October 27, 2015
Paul Muolo
For all of 2015 Radian predicts that it will pay $700 million in net claims, but next year that figure could fall to as low as $400 million.
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An Earnings Increase at Flagstar; Thrift Keeps Selling MSR Assets

October 27, 2015
Paul Muolo
Over the past five quarters, Flagstar has unloaded $25.2 billion of residential servicing rights.
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Correspondents Up, Brokers Down in 3Q15

October 27, 2015
John Bancroft
Meanwhile, the volume of securitized retail loans was down 3.6 percent from the second quarter.
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Short Takes: FBR Says Goodbye to PennyMac / A Sweet Dividend At Least / Revenue Figures for Radian’s Non-MI Unit / The Earnings Power of Flagstar’s Balance Sheet / Genworth Agrees to Sell European MI Division

October 27, 2015
Paul Muolo
However, in a final note on the companies, FBR analyst Paul Miller called PMMIT an “outperform,” while giving it a price target of $20…
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Suddenly, 2016 Residential Production Isn’t Looking So Bad; Then Again…

October 26, 2015
John Bancroft
Mike Fratantoni, chief economist at the MBA, said the purchase market could keep growing right off the end of the forecast table.
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Shake Up in Mortgage Division at Citizens Bank

October 26, 2015
Paul Muolo
During his career, Chris Nard also headed ORI’s mortgage insurance division, Republic Mortgage Insurance.
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