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Home » Topics » Inside Mortgage Finance » Originations

Originations
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FHFA Giving Mortgage Insurers an Early Peak at the PMIER Rules

April 15, 2015
Paul Muolo
The general fear is that higher-than-needed capital standards will cause mortgage insurers to hold unnecessary amounts of assets that will force the industry to raise premiums.
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Treasury Point Man on GSE Reform Defends PSPAs

April 15, 2015
Carisa Chappell
The remaining undrawn taxpayer commitment to the GSEs is $258.1 billion dollars, Stegman noted.
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Short Takes: Wall Street Firm Eyeing Mortgage Purchase? / SEC Won’t Take Action Against Carrington / Applications Decline Slightly / Relief for ‘Trailer Park’ Loans? / loanDepot Gets New Chief Credit Risk Officer

April 15, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
The Wall Street firm hunting for mortgage acquisitions is not a depository like JPMorgan Chase...
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GSEs in Conservatorship Seen as Working ‘Pretty Well’ for Lenders

April 14, 2015
Brandon Ivey
“Fannie and Freddie have made tremendous strides to provide clarity in the system and create innovations,” said Peter Carroll, executive vice president for mortgage policy and counter party relations at Quicken Loans.
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Wells Fargo’s Originations for First Quarter 2015 Up By 36% Compared with Year Ago

April 14, 2015
Brandon Ivey
Wells' application pipeline is at the highest level seen since the second quarter of 2013.
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Chase Boosts Its Mortgage Originations But Income Takes a Hit Due to Competition

April 14, 2015
Brandon Ivey
Chase had $326 million in net income from mortgage banking in the first quarter of 2015, down 3.6 percent compared with the previous quarter.
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Top Lenders Will Accelerate Their Closing Processes for TRID

April 13, 2015
Thomas Ressler
BofA and Chase are among the lenders that will move up their consumer-disclosure related processes.
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Short Takes: Consolidation Among GSE Sellers / Chase Sells MSRs to SPS / House to Vote on Points-and-Fees Bill / Characteristics of Loan Shoppers

April 13, 2015
John Bancroft and Brandon Ivey
The share of GSE business that came from the top five sellers increased slightly in the first quarter of 2015 compared with the previous quarter.
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COO Out at New Day USA as Part of Settlement with State Regulators on LO Testing Issues

April 13, 2015
Brandon Ivey
Regulators found that New Day staff completed continuing education requirements for CEO Robert Posner and COO Paul Alger at least 18 times.
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First Horizon to Settle Legacy FHA Issue with DOJ, HUD for $212.5 Million

April 10, 2015
Brandon Ivey
First Horizon announced on Thursday that its regional bank agreed to a $212.5 million settlement with the Department of Justice and the Department of Housing and Urban Development. The settlement relates to First Tennessee Bank’s underwriting and origination of FHA-insured mortgages from 2006 through 2008.
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