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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Going, Going, Gone: HARP Volumes a Shadow of What They Used to Be

March 27, 2015
John Bancroft
Although HARP originations plunged by 76 percent last year, the FHFA may keep the program alive.
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VA Originations Continue to Impress, Up Almost 18 Percent in Fourth Quarter

March 27, 2015
George Brooks
Total VA volume for the entire year was $112.0 billion in purchase and refinance loans.
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What We’re Hearing: PHH, Worth Double? / BofA, Slow and Really Cautious / No Cut in G-Fees? Here’s Why / Protecting Your Officers and Directors / A Market on Fire: VA Lending

March 27, 2015
Paul Muolo
Glenview is bullish on Ocwen but it also owns a large stake in the nonbank...
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Third Federal Offers $1,000 Credit to Homebuyers

March 27, 2015
Third Federal Savings & Loan in Cleveland is wooing first-time homebuyers with an offer of a $1,000 credit to spend as they wish if they close a purchase mortgage with the lender. There is no catch, said David Reavis, marketing manager for Third Federal. “There are no points and fees on the back end to cover the credit,” he said. “Third Federal is paying for it. We think the combination of a competitive rate and the $1,000 in the form of a check is an attractive offer that will ...
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E-mortgage One Step Closer with NotaryCam

March 27, 2015
A company called NotaryCam is raising eyebrows – and hopes for the future of e-mortgages – with the deployment of what it claims is the world’s only notary service that securely and legally notarizes documents online within minutes via live web conference from anywhere in the world. Requiring just a standard webcam, NotaryCam, based in Alexandria, VA, can produce a digital version of notarized documents within minutes. And with browser-to-browser ...
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High-Score Lending Continued to Dominate

March 27, 2015
Mortgages with credit scores exceeding 740 continued to dominate the conventional conforming market in 2014, according to a new Inside Mortgage Trends analysis of loans sold to Fannie Mae and Freddie Mac last year. High-score borrowers accounted for 62.0 percent of loans securitized through the two government-sponsored enterprises in 2014. They accounted for an even bigger 66.2 percent of purchase-mortgages loans ... [Includes one data chart]
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Home-Equity Market Continued to Warm Up In Late 2014 Despite Handful of Warning Flares

March 26, 2015
Home-equity lending gained modest momentum during the fourth quarter of 2014, although the outstanding supply of second-lien mortgage debt continued its seven-year decline. Mortgage lenders originated an estimated $21 billion of home-equity loans, including home-equity lines of credit and closed-end second mortgages, during the fourth quarter. That was up 5.0 percent from the third quarter and brought full-year production ... [Includes one data chart]
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CFPB Holds Firm on Implementation Date for Integrated Disclosure Rule

March 26, 2015
Thomas Ressler
CFPB General Counsel Meredith Fuchs showed little sympathy for lenders worried about TRID's start date, referencing the rule's long implementation period.
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Home-Equity Lending Has Its Best Year Since 2009

March 26, 2015
John Bancroft
The headline might sound promising, but keep in mind that during the housing boom of 2003 to 2007, the industry averaged nearly $340 billion a year in home-equity originations.
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Impac’s Early Results with Non-QM Lending Weak, but Hope Springs Eternal

March 26, 2015
Brandon Ivey
Impac said it will originate more than $2.0 billion of all mortgages in 1Q15, almost double what it produced the previous quarter.
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