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Inside Mortgage Trends
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FHA Originations – When in Doubt, Use the Correspondent Channel

May 11, 2016
John Bancroft
Over half (51.1 percent) of VA loans securitized through Ginnie MBS in the first quarter of 2016 were retail originations, but only 39.1 percent of FHA loans came through that channel.
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Five Oaks Takes $17.8 Million Loss in 1Q16, Sees Opportunities with Risk Retention

May 11, 2016
Brandon Ivey
The market did not react kindly to Five Oaks' earnings news. At one point in trading, its share price was down 13 percent on the day.
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Signs of Life in Mortgage Hiring; Quicken Looks to Fill 770 Positions

May 11, 2016
Paul Muolo
Mortgage brokerage firms added 200 workers during March. Employment in the sector now stands at 80,400 positions.
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Short Takes: Technology Vendors Still Not Getting it Right on TRID? / Remember What Cordray Said About LOS Firms? / Former Fannie Tech Exec Lands at Sindeo / PMI Gaining on FHA? / Muldering Advances at FHA

May 11, 2016
Paul Muolo and George Brooks
Recent studies suggest reduced pricing and declining costs have given conventional mortgages with private MI an edge over FHA in the battle for high-quality borrowers...
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An Ugly 1Q For Stonegate: Large MSR Writedown, A Large Loss and a Decline in Originations

May 10, 2016
Paul Muolo
Stonegate’s results were affected by declining interest rates, a plague that has marred the performance of residential servicers from coast to coast...
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PIMCO-owned FGMC Buys Assets of goodmortgage.com; Targets Fast Licensing Growth

May 10, 2016
Paul Muolo
goodmortgage.com will be operated as a division of FGMC and run as a “dba.”
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As MSR Markdowns Increase, Investors Show More Interest in Hedging the Asset

May 9, 2016
Paul Muolo
“To hedge, or not to hedge” sounds like something William Shakespeare might have written if he were around today making mortgages...
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Altisource Residential Posts Huge Loss for 1Q16, But Stresses Progress

May 9, 2016
Paul Muolo
Altisource Residential plans to recycle NPL money into investments of “pools of stabilized rental homes at attractive yields.”
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Marketplace Lender SoFi Originating $100 Million Per Month in Mortgages

May 9, 2016
Paul Muolo
Is there a future for “marketplace” lenders in mortgage banking? Opinions can differ…
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News Briefs

May 6, 2016
Caliber Home Loans recently loosened the standards for one of its non-qualified mortgage products. The lender’s “Fresh Start” mortgage now allows loan-to-value ratios up to 85.0 percent, up from 80.0 percent. And private mortgage insurance isn’t...[Includes five briefs]
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