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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Mortgage Complaints Filed with the CFPB Down 11 Percent, But…

July 14, 2015
Thomas Ressler
Complaints about residential mortgages were among the first type of gripes to be accepted and tracked by the CFPB’s consumer complaint database.
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Wells and JPM Report Gains in Residential Lending; Applications Are Another Story

July 14, 2015
Paul Muolo
JPMorgan Chase earned $584 million from its mortgage banking division in the second quarter, more than double the profit of the first quarter.
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Rent Low, Buy High for Some Counties

July 14, 2015
Sherry Muolo
The “major” counties where it’s cheaper to rent are all in Southern California...
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Short Takes: Wells’ Appetite for Nonconforming Mortgages Rises / Someone Who Didn’t Rat Out the Neighbor on a Foreclosure / Locating Delinquent Borrowers on Facebook / How Much in Senior Home Equity? / A New Hire for LenderLive

July 14, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
A few years back, one investor in nonperforming loans told us that when he couldn’t find a delinquent borrower he turned to the Internet, namely Facebook...
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Jumbo MBS Tumbles Almost 33 Percent in Second Quarter

July 13, 2015
Brandon Ivey
Credit Suisse, the top jumbo MBS issuer through the first half of 2015, placed $629.6 million of jumbo MBS in 2Q, down 44.7 percent on a sequential basis.
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Freedom Likes the VA Market; Has Added at Least 700 Workers to Promote FHA/VA

July 13, 2015
George Brooks
Over the past seven months, Freedom Mortgage has added 700 to 800 new employees to promote and originate VA and FHA loans.
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GSE Earnings ‘Sweep’ Cases Won’t Be Settled ‘Out of Court’

July 13, 2015
Carisa Chappell
Perry Capital and other speculators own the junior preferred and common shares of Fannie Mae and Freddie Mac...
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And Yet Another Executive Departure at Nationstar: The Originations Chief

July 13, 2015
Paul Muolo
The recent departures at Nationstar began in May when the company revealed that Executive Vice President and Chief Strategy Officer David Hisey would leave the lender/servicer in mid-June.
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Short Takes: Putnam Invests in Altisource Asset Management / The Yield on the 10-Year Rises / A Correction for Home Values in Texas and ND? / Jumbo Standards Get Tighter / Former Fannie Executive Joins Hamilton

July 13, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
Housing markets in North Dakota and Texas are looking a bit risky these days, according to the Arch MI Risk Index model.
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Despite Extension, Mortgage Lenders Ask for More TRID Relief

July 13, 2015
Mortgage lenders told the CFPB they support the bureau’s recent proposal to extend the effective date of its integrated disclosure rule to Oct. 3, but urged the agency to do yet more to help the industry cope. The Mortgage Bankers Association, for example, in its comment letter said the so-called TRID rule –promulgated under the Truth in Lending Act and the Real Estate Settlement Procedures Act – when finally implemented “will make the mortgage process considerably more understandable and navigable for consumers, an objective we have long shared.” However, “experience has shown that the TRID rule is far more complicated and wide ranging than any other rule previously issued by the CFPB,” the trade group added. “It is causing significant implementation ...
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