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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Don’t Even Think of Basing LO Compensation on Loan Terms

March 2, 2015
Thomas Ressler
Kristie Kully of K&L Gates discussed how the rule treats issues related to splitting commissions, a subject her firm gets a lot of questions about...
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Fortress-Controlled Nationstar Files a $1 Billion Shelf for Debt, Stock and More

March 2, 2015
Paul Muolo
Nationstar is 74 percent owned by hedge fund giant Fortress Investment Group.
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Short Takes: FHFA Wants Greater Accountability on GSE NPL Sales / A Fannie NPL Auction? / Ocwen Earnings Not Coming Soon? / Radian Lassoes 200 New Customers / Michael Kim Moves to Apollo

March 2, 2015
Paul Muolo
On Monday, the Federal Housing Finance Agency published new guidelines to govern nonperforming loan sales by Fannie Mae and Freddie Mac...
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Ocwen Updates: Big Goodwill Charge, Plans to Sell $45 Billion of Fannie MSRs

March 2, 2015
Paul Muolo
Coupled with a recently announced Freddie Mac MSR sale to Nationstar ($9.8 billion), Ocwen estimated the sale of GSE receivables will generate $550 million in gross proceeds.
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Ocwen Tallies Up the Financial Damage on Servicing Terminations: $800,000; Speculation over 4Q Results Mounts

March 1, 2015
Paul Muolo
One investor, commenting on the lack of information regarding 4Q results, told IMFnews: “I think the attorneys are going to make them disclose a lot of stuff that they have been brushing under the rug..."
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Commercial Banks, Thrifts Add to MBS Portfolios in Late 2014

February 27, 2015
John Bancroft
At Dec. 31, depositories held $964.2 billion of pass-through securities issued by Fannie Mae, Freddie Mac and Ginnie Mae, a gain of 1.3 percent from the third quarter.
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Mortgage Industry Counting on Slightly Lower Guaranty Fees for Fannie and Freddie MBS

February 27, 2015
Although the Federal Housing Finance Agency has yet to tip its hand on where it might be headed regarding guaranty fees, most of the industry is betting on no change at all – or possibly a slight reduction, according to interviews conducted by Inside MBS & ABS over the past two weeks. Moreover, Fannie Mae and Freddie Mac themselves are playing a key role in the decision-making process, at least that’s what Freddie CEO Donald Layton said recently. “Guaranty fees are...
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Can the GOP Succeed in Getting Appropriations Power Over the CFPB?

February 27, 2015
Thomas Ressler
The window to pass reform measures, even narrowly targeted provisions that have bipartisan support, might be closing.
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Yes, Wells Fargo Has Lost Market Share, but It’s Still the ‘Big Kahuna’ of Mortgages

February 27, 2015
Brandon Ivey
Nonbanks have become more competitive the past few years, but if you think that Wells Fargo doesn’t like mortgages, think again.
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Mortgage Bankers Counting on Slightly Lower Fannie/Freddie G-Fees

February 27, 2015
Paul Muolo
Fannie Mae and Freddie Mac themselves are playing a key role in the decision-making process on guaranty fees...
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