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Home » Topics » Inside Mortgage Finance » Originations

Originations
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More Layoffs at Nationstar Mortgage – This Time in Production and Servicing

October 1, 2014
Paul Muolo
Although 114 servicing workers are losing their jobs in Nebraska, the lender/servicer will add as many servicing positions in the Dallas area over the next six months.
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FHA Originations on the Rise in Summer; Purchase Share at 81.9 Percent

October 1, 2014
George Brooks
Quicken Loans once again ranked first among all FHA lenders, out producing Wells Fargo by more than $170 million. No, that's not a misprint.
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Stock Prices of Fannie/Freddie Crushed in Wake of Judge’s Ruling

October 1, 2014
Charles Wisniowski
However, a separate lawsuit filed by Pershing Square Capital Management in the U.S. Court of Federal Claims is unaffected by Judge Lamberth’s ruling.
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New Jumbo MBS From JPM Has Highest Average (Post-Crisis) Combined LTV

October 1, 2014
Brandon Ivey
The senior tranche on the Chase jumbo deal has credit enhancement of 9.90 percent.
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FHA Publishes First Section of SF Handbook; Servicing Guidance Coming Soon

October 1, 2014
George Brooks
The handbook is designed to support FHA’s broader goals of expanding access to mortgage credit and making it easier for stakeholders to do business with the agency.
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Short Takes: Top FHFA Regulator Bolts Agency for Private Sector / Why Did Walter’s Stock Get Hammered? / Community Banks Apparently Love Non-QMs / Homewood Introduces Stated-Income Product / Another Bite at the Refi Apple?

October 1, 2014
Brandon Ivey and Paul Muolo
Investors have been scratching their heads over the downdraft at Walter/Green Tree...
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CFPB Urges Mortgage Industry to Raise HMDA Issues Now

September 30, 2014
Thomas Ressler
Among other things, the CFPB is warning that the technical nature of the HMDA rule could cause operational headaches.
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WinWater Set to Issue Its Second Jumbo MBS; LTV Ratios Creeping Up

September 30, 2014
Brandon Ivey
The merger-hungry RPM Mortgage of California is the top contributor to the jumbo MBS with a 14.3 percent share.
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Higher-Priced Mortgage Lending on the Rise?

September 30, 2014
Brandon Ivey
While higher-priced lending is on the rise, pricing on these originations isn’t nearly as high as it was in the subprime boom.
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Short Takes: MBA Involved With Nonbank ‘Working Group’ Too / An NPL ‘Brain Drain’ at Lone Star Funds / A $57 Million Problem for the FHLBs of Des Moines and Seattle / FHFA to IG: We Don’t Think So

September 30, 2014
Paul Muolo and Charles Wisniowski
One active NPL bidder has been Lone Star Funds, but sources tell IMFnews the hedge fund has been having a “brain drain” of sorts when it comes to talent.
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