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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Walter’s Share Price Clobbered After Nonbank Reports a $76.9 Million 3Q Loss

November 5, 2015
Paul Muolo
After a large 3Q loss, it was a bloodbath for Walter's share price...
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Another Quarterly Loss for PHH; Break Even or Better in 2016?

November 5, 2015
Paul Muolo
The company, whose share price was hammered this past summer after disappointing 2Q results, promised investors that it will be break even in 2016 or “modestly profitable.”
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Despite a Hedging Charge of $2.6 Billion, Fannie Mae Posts Net Earnings of $2.2 Billion; ‘Account Surplus’ With Treasury Will Rise Again

November 5, 2015
Paul Muolo and Carisa Chappell
Since the federal takeover, the Treasury Department has provided $116.1 billion in assistance to Fannie with the GSE returning (once the 3Q dividend is paid) $144.8 billion...
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Short Takes: Stonegate Buries the Lead / IMA Chief Tom Piercy Explains MSR Marks / A Strong Showing for Impac / Fannie Making Progress on Buybacks / Correction

November 5, 2015
Paul Muolo and Carisa Chappell
During the financial crisis Impac’s stock was delisted and its future looked cloudy. But not anymore…
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GSE Conforming Loan Limit Going Nowhere in 2016

November 5, 2015
John Bancroft
The only way the baseline conforming loan limit would be raised for 2016 is if the HPI jumps nearly 10 points...
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Short Takes: A Kinder, Gentler Fannie Mae on LLPAs? / Former Fannie Exec Blames the Government for the GSE ‘Crisis’ / MBA Weighs In / CFPB Not Happy on Servicer Performance / New Servicing Chief for Wells Fargo

November 4, 2015
Paul Muolo and Thomas Ressler
MBA continues to believe that, given the lack of reserves, eventually the GSEs will need to take a draw from Treasury, said Dave Stevens.
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Are Home Builders Next on the CFPB’s MSA Hit List?

November 4, 2015
Paul Muolo
A mortgage executive who works in the Florida market said he is tired of seeing his deals slowed down because a title company owned by a builder was forced upon a borrower.
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High Marks for Broker-Focused Jumbo Lender Primary Capital

November 4, 2015
Brandon Ivey
Some lenders suggest that while jumbo lending with loan brokers is viable, retail originations tend to be more attractive.
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Two Trade Groups Implore White House to Use HERA to Recap the GSEs

November 4, 2015
Paul Muolo
The latest tally from Inside The GSEs has Fannie and Freddie repaying all of their borrowings from the U.S. Treasury plus an additional $50.6 billion – money that has gone directly into the government’s coffers.
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The CFPB’s Latest Scorecard: Continued Problems with Originations, Improvement in Servicing

November 4, 2015
Thomas Ressler
The CFPB said some lenders are failing to comply with the requirement that charges at settlement not exceed amounts on the good faith estimate form...
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