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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Radian DTA Recapture of $815MM Boosts 4Q Earnings; MI Written Drops

February 12, 2015
Paul Muolo
Radian disclosed that its mortgage insurance division wrote $10.0 billion of new policies during 4Q, an 11 percent sequential decline.
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New HUD Secretary Comes Off as Ill-Prepared for Encounter with House Panel

February 11, 2015
George Brooks
What did the FHA earn last year? The new HUD secretary didn't know.
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Home-Equity Lending Has its Best Year Since 2009

February 11, 2015
John Bancroft
The jumbo market ended 2014 with $235 billion in originations, a 14 percent decline from the prior year.
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Securitization of Nonprime and Non-QM Loans Looking Doubtful for 2015

February 11, 2015
Paul Muolo
Bayview is purchasing from a network of correspondent sellers roughly $10 million per month in loans that don’t meet the QM test defined by the CFPB.
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Short Takes: HUD’s Castro Presents the Math / How Much?/ The Market for FHA Streamline Refis / Citadel Rolls Out ‘Alt A’ Product Named After a Dog / Arvest Mortgages Gets a New CEO

February 11, 2015
Paul Muolo
Citadel Servicing Corp., which has made a name for itself as a new-style subprime lender, has rolled out an Alt A mortgage called “Maggi.”
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Jumbo MBS Investor Base Shrinking; Issuance Likely to be Flat This Year

February 11, 2015
Brandon Ivey
The ABS Vegas show attracted more than 6,000 attendees, but few investors appear ready to buy new jumbo MBS.
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CFPB Fines VA Lender NewDay $2 Million for Deceptive Ads, Kickbacks

February 11, 2015
Thomas Ressler
NewDay's chairman emeritus is former Ginnie Mae president Joe Murin.
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FHA Lending Took It On the Chin in 2014

February 10, 2015
George Brooks
Among all lenders, Quicken Loans led the pack with $6.67 billion of production, a 27 percent drop from the prior year.
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Short Takes: Mortgage Servicer Hits the Auction Block / Wilshire Buying Mortgage Unit / More on FHA’s ‘Tweaks’ / The CFPB is Spending How Much? / Frank Talk on Risk Retention

February 10, 2015
Paul Muolo, Thomas Ressler, and Brandon Ivey
"My understanding is that FHA is planning on releasing supplemental performance metrics to ‘Neighborhood Watch’ to reduce reliance and focus on just a lender’s compare ratio," said Tim Rood.
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Treasury’s Point Man on GSE Reform Punts on Handicapping Passage of a Bill

February 10, 2015
Brandon Ivey
Treasury counselor Michael Stegman noted that policymakers on both sides of the aisle are dissatisfied with the current status quo regarding Fannie Mae and Freddie Mac.
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