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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Short Takes: Get Your TRID On / Guidance on Private MI / It's Official. Your Wallet is Safe

August 20, 2015
Thomas Ressler
Get Your TRID On. The Consumer Financial Protection Bureau has put out a Know Before You Owe guide for real estate pros to help them navigate the upcoming TILA/RESPA Integrated Disclosure rule, otherwise known as TRID.
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Correspondent Channel Showed Biggest Gain in Origination Volume During Second Quarter of 2015

August 20, 2015
All three mortgage production channels saw solid gains in originations from the first quarter to the second quarter of 2015, but correspondents had the best of it. Correspondent lenders generated an estimated $132 billion of new mortgages during the second quarter, according to a new Inside Mortgage Finance ranking and market analysis. That was up 26.9 percent from the first quarter, a few clicks faster than the overall 23.6 percent increase in production volume. The correspondent share edged...[Includes four data tables]
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Homebuyers Change Tactics in Effort to Make Purchases in Competitive Market

August 19, 2015
Brandon Ivey
Repeat homebuyers are increasingly selling their existing homes before purchasing a new property, according to a survey by Redfin.
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First-Time Homebuyers Faced with Higher Price-to-Income Ratio than Buyers in Previous Decades

August 18, 2015
Brandon Ivey
Increases in home prices have outpaced growth in income for first-time homebuyers, according to an analysis by Zillow.
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FHA Enhances Lender Performance Assessment with Supplemental Performance Metric

August 18, 2015
George Brooks
The metric will assess lender performance based on the lender’s default rate within three credit-score bands and compare it to an FHA target rate, rather than to the lender’s peers.
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Short Takes: Neighborhood Watch Back Online / Delinquencies Decline / Higher Loan Amounts at FHA / MBA's Summer Lobbying Agenda

August 17, 2015
Brandon Ivey
The rate of borrowers 60 days or more delinquent on their mortgages fell to 2.72 percent in the second quarter of 2015, according to TransUnion.
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GSE MBS Issuance Continues to Increase, Partly Due to Seasoned Loans

August 14, 2015
John Bancroft
A big part of Freddie’s sharp increase in issuance came from the $8.00 billion of seasoned loans the company securitized in July.
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U.S. Timeshare Delinquencies at Lowest Level in Eight Years

August 14, 2015
Thomas Ressler
Timeshare collateral has displayed consistent year-over-year improvement since 2012.
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2Q Profit Tally: Servicing Rebounded From Rough 1Q, But Production Margins Fell

August 14, 2015
John Bancroft
Although all 13 firms reported positive earnings on their origination and sales activity, many noted that production-related revenue did not keep pace...
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Piggyback Seconds Making a Comeback with a Focus on Jumbos

August 14, 2015
Carisa Chappell
MGIC recently pointed to lenders using piggyback structures to avoid PMI as a potential headwind to future earnings...
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