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Home » Topics » Inside Mortgage Finance » Originations

Originations
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The CFPB Makes It Official: TRID Approach Will be ‘Diagnostic’ but No Specifics

September 30, 2015
Thomas Ressler
Cordray is pushing hard to see the guidance released before the Oct. 3, 2015, effective date of the TRID rule, which is Saturday.
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CFPB Chief Says ‘All this Foaming at the Mouth’ Over Legal Liability Was All for Naught

September 30, 2015
Brandon Ivey
CFPB Director Richard Cordray believes the mortgage industry overreacted on the issue...
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PIMCO Paid How Much for First Guaranty Mortgage?

September 30, 2015
Paul Muolo
David Lykken, managing partner of Transformational Mortgage Solutions, said he welcomes PIMCO’s investment, believing that it’s a huge positive for the industry.
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Use of Expense Accounts Brought Trouble Under LO Comp Rule

September 29, 2015
Thomas Ressler
The CFPB alleged that expense accounts were really “point banks” and that payments in the form of bonuses and commissions were based on mortgage profitability...
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Short Takes: CFPB Chief Reveals Coming ‘Guidance’ on TRID / Why Jeb Doesn’t Love the CFPB / MSAs a Big Deal, Says Cordray / LOS Vendor Having TRID Problems? / JPM Still a Ginnie Player

September 29, 2015
Paul Muolo and Thomas Ressler
The Texas Republican blamed the CFPB and DFA for raising prices and “cutting off" access to mortgages…
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WinWater’s Latest Jumbo MBS Includes Just One Non-QM Loan

September 29, 2015
Brandon Ivey
Some 71 lenders are contributing loans to the deal, led by Stonegate Mortgage with a 6.9 percent share.
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More ‘Independent’ Mortgage Banks Talking to HUD About FCA Settlements

September 29, 2015
Paul Muolo
MBA chief Stevens said he and a “certain group of individuals” met with the HUD secretary last Friday to discuss the topic.
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HMDA Data: 2014 Origination Volume Stronger Than Previously Thought

September 28, 2015
John Bancroft
Last year, loan production turned out better than many anticipated...
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Trade Group Presses Congress to Develop Action Plan on GSE Reform

September 28, 2015
Paul Muolo
The CHLA suggests, among other things, that the U.S. Treasury stop sweeping all GSE profits and instead put that money in a capitalization reserve account...
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GSE Activity by State: 6M15

September 28, 2015
Data detailing the volume of GSE mortgages by state.
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