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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Five Oaks Ready to Issue First Jumbo MBS from Its Own Platform

April 23, 2015
Brandon Ivey
Five Oaks will retain all the subordinate classes, the servicing rights and the IOs.
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Agency MSRs: Nonbanks Continue to Steal Market Share From the Megabanks

April 23, 2015
John Bancroft
Most of the slack is being taken up by nonbanks, which serviced $1.571 trillion of agency MBS at March 31.
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What’s an Appraisal Cost? Try $450 to $800, At Least

April 23, 2015
Brandon Ivey
Many real estate agents report that appraisal costs have risen and AMCs’ overhead may be responsible...
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Altisource Earnings Plunge 90 Percent, Cost Cutting Ensues, Including Layoffs

April 23, 2015
Paul Muolo
Most of Altisource's business is tied to Ocwen, which is in the process of ridding its servicing portfolio of agency loans.
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Short Takes: A HUD Settlement for Green Tree? / After Losing LeBron, Quicken Owner Fears Little / More Regs for AMCs / Lenders You May Not Know: First Cal / Freddie Gets New Chief Risk Officer

April 22, 2015
Paul Muolo and Brandon Ivey
It's always possible that Green Tree could turn around and sue HUD before HUD sues them, which is what Quicken Loans did.
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Wall Street’s Return to Mortgage Lending: Blackstone Buys a Residential Lender

April 22, 2015
Paul Muolo
Is Blackstone's purchase of a mortgage lender a "one-off" deal or will other Street firms follow suit?
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Redwood’s Latest Jumbo MBS Includes Highest Share Yet of Non-QMs

April 22, 2015
Brandon Ivey
Some 97 lenders contributed to the pending security from Redwood, led by PrimeLending with a 9.0 percent share.
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Realtors Continue the Drumbeat: Mortgage Credit is Too Restrictive

April 22, 2015
Thomas Ressler
Then there was Bert Ely who noted: "In my opinion, American housing policy is leading the country down the same path that led to the last housing bubble..."
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Bank Sells $2 Billion Bond to a GSE in Deal Assisted by MIAC

April 21, 2015
Paul Muolo
The sale actually closed at yearend, although it was revealed in a press statement dated April 21.
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Short Takes: MBA Backs Changes at CFPB / A Strong Quarter from MGIC / The Weekend the Lights Went out at FHA / S&P Puts Ocwen on Watch List / Executive Bolts Ocwen for Green River

April 21, 2015
Paul Muolo and Thomas Ressler
The MBA is backing changes to how the CFPB functions...
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