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Home » Topics » Inside Mortgage Finance » Originations

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Short Takes: PHH May Unveil Renegotiated Private-Label Deals Soon / LOs are Hot, Mortgage Executives Are Not? / NPL Sales Weak of Late? / Large Wholesaler Enters 3% Down Market / Pingora Rocks in MSRs

December 31, 2014
Paul Muolo
According to Rick Roque, who heads MenloGlobal, “for the most part, executive level opportunities are stagnant, unless production comes with it."
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Are Fannie and Freddie Lobbying Again? In Subtle Ways?

December 30, 2014
Ed Roberts
Rep. Scott Garrett, R-NJ, is concerned that Fannie and Freddie have resumed lobbying, at least in subtle ways.
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Outlook for First Quarter 2015 Mortgage Profits: Stable

December 30, 2014
Brandon Ivey
The share of lenders reporting a decreased profit margin outlook over the next three months appears to have remained relatively stable.
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Credit Reporting Agency Complaints to the CFPB Up 100 Percent YOY, But…

December 30, 2014
Thomas Ressler
The category of “incorrect information” continues to make up the lion’s share of the complaints, ICFPB found.
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Reintroduction of 97 Percent LTV GSE Loans a Big Ho-Hum?

December 30, 2014
Paul Muolo
Okay, so maybe the reintroduction of 97 percent LTV loans is not a game-changer...
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Lenders Largely Happy with Proposed Rule on Flood Insurance

December 30, 2014
Brandon Ivey
The CMC believes that servicers should not be required to verify flood insurance coverage on existing loans when the escrow option becomes effective.
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The Best Paid Mortgage LOs are in Arizona, California, New Jersey, New York

December 30, 2014
Paul Muolo
Some banks pay between 50 and 80 basis points per loan. At the top end of the market are loan officers who earn between 150 and 200 basis points per transaction.
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In 2015, JPM Will Hire Mortgage Workers, Wells Mum

December 30, 2014
Paul Muolo and Sherry Muolo
According to figures compiled by Inside Mortgage Finance, Wells Fargo was the nation’s largest home lender in the third quarter with $49.95 billion. JPM was a distant second.
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Short Takes: PennyMac Gets Hike on Repo Line / More on Ocwen’s Erbey / Rep. Royce Will Try to Stop the GSE Housing Trust Fund Contributions / What the New VA Loan Limits Mean

December 30, 2014
George Brooks and Paul Muolo
A spokesman for Royce recently told IMFnews that the Congressman will look “to get something through the 114th Congress to put a stop to this…”
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Worry Wall: GSE Buybacks Tied to 2013 Production on the Rise

December 30, 2014
John Bancroft
The 2013 GSE book of business is getting a lot more attention from Fannie Mae and Freddie Mac.
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