Mortgage Originators

Browse articles from all of our Newsletters related to Mortgage Originators.

January 17, 2019 - IMFnews

Mortgage Employment Falls to 10-Month Low

Conventional lenders will have a tougher time of it this year...


January 17, 2019 - IMFnews

Short Takes: A Landmark Non-QM MBS from Angel Oak / Better Mortgage Sees Furloughed Government Workers and Comes Up with a Product to Serve Them / Retail Declines at BB&T / Seterus Hands Out Pink Slips to 300 / MGIC’s Results / MBA Promotes Knowlton

The Seterus platform will cut 300 full-time workers in the Durham area. The unit is being sold to Mr. Cooper...


January 17, 2019 - Inside Mortgage Finance

First-Time Homebuyers Face Many Hurdles, Survey Shows

Most non-homeowners would like to purchase a house, but many cannot qualify for a mortgage, a survey by the National Association of Realtors showed.


January 17, 2019 - Inside Mortgage Finance

Megabanks’ Originations Weak, MSR Values an Issue

The nation’s megabanks took it on the chin in the fourth quarter, reporting weak origination figures and non-cash writedowns on their servicing assets, according to a handful of earnings reports released this week.


January 17, 2019 - IMFnews

Ditech Gets a Breather from Its Note Holders (For Now); COO Terminated

Ditech also terminated the employment of Chief Operating Officer Ritesh Chaturbedi.


January 17, 2019 - Inside Mortgage Finance

Mortgage Market at a Glance, January 18, 2019

Weekly mortgage rates and application survey data.


January 17, 2019 - IMFnews

‘Digital’ Lender Better Mortgage Triples Originations

Better said the company’s LOs originate an average of 40 loans per month versus the industry average of 4.2 loans...


January 16, 2019 - IMFnews

Short Takes: Mr. Cooper Cuts Jobs in California / Blackstone’s Finance of America Unit Will Close Roseville Office / loanDepot Courting Wells Fargo LOs? / Freshman Socialist Will Sit on the HFSC / A New Hire for Nations Lending

Socialist Rep. Alexandria Ocasio-Cortez, D-NY, will sit on the House Financial Services Committee, which oversees banking, mortgages, as well as Fannie Mae and Freddie Mac.


January 16, 2019 - IMFnews

Private MIs Boost Share of Agency Purchase Loans

The FHA share of insured purchase loans has been falling…


January 16, 2019 - IMFnews

Ginnie Mae Postpones Annual Summit, Citing Government Shutdown

Scheduled speakers included Housing and Urban Development Secretary Ben Carson, Kasper and Edward DeMarco, former acting Director of the Federal Housing Finance Agency.


January 16, 2019 - IMFnews

Residential Lending Declines for Both BofA and U.S. Bank

A top ten lender, U.S. Bank produced $9.1 billion of mortgages in 4Q18, a 19.1 sequential decline...


January 16, 2019 - IMFnews

GSE Market Shifted Toward Megabanks in 4Q18

Chase’s secondary market patterns are typically herky-jerky…


January 16, 2019 - IMFnews

JPM Packs GSE-Eligible Collateral into a $978 Million Non-Agency MBS

Roughly 42 originators are providing collateral for the JPM MBS…


January 15, 2019 - IMFnews

Short Takes: Worrying About What Mark Calabria Might Do / Ever Seated? / A Price War Brewing in Non-QM? / Tim Anderson’s Blockchain Job / Freddie Gets a New General Counsel

We understand a bit of a price war may be brewing in the non-QM market...


January 15, 2019 - IMFnews

Consumer Complaints Up 3.8 Percent in 2018. Mortgage Gripes Tank

Companies with the most gripes filed against them were the three major credit reporting bureaus: Equifax, Experian and TransUnion...


January 15, 2019 - IMFnews

First Republic Bucks the Trend and Increases Mortgage Originations

Jumbo mortgages account for the vast majority of First Republic’s single-family production.


January 15, 2019 - IMFnews

Residential Production Down by Almost 24 Percent at No. 2-Ranked JPMorgan Chase

JPM valued its MSR portfolio at 117 basis points at the end of the fourth quarter, reducing the mark from 122 bps in 3Q18...


January 15, 2019 - IMFnews

Residential Production Falls 17 Percent at Wells Fargo, Mortgage Profits Plunge

Management blamed the lower figures on “seasonality.”


January 14, 2019 - IMFnews

Short Takes: Shutdown Having Minimal Impact on Mortgages? / Housing Market Slowing / AMC Acquires Meridian Asset Services / Broker Startup Launches

The IRS resumed providing income verification services a week ago and the agency expected to catch up on volume...


January 14, 2019 - IMFnews

Citigroup Sees Retail Residential Production Drop by Almost 15 Percent

Compared to the same period a year earlier, retail loan production fell by 23.3 percent at Citigroup...


January 14, 2019 - IMFnews

Redwood Set to End Lull in Prime Non-Agency MBS

The Redwood transaction is set to close Jan. 17…


January 14, 2019 - IMFnews

Retail Channel Continues to Lose Market Share as Correspondent Surges

Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...


January 11, 2019 - Inside Mortgage Trends

Private MIs Boost Share of Agency Purchase Loans

Private mortgage insurers continued to expand their presence in the flow of purchase-money mortgages into mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae. In 2018, lenders sold $243.54 billion of purchase loans with private MI coverage to Fannie and Freddie, a sturdy 13.8 percent rise from 2017, according to an Inside Mortgage Trends analysis. Private mortgage insurance accounted for 46.8 percent of agency ... [Includes two data charts]


January 11, 2019 - Inside Mortgage Trends

TPO Production Channels Grew in Agency Market

Retail mortgage lending continued to lose market share in the second half of 2018, mostly due to a surge in correspondent production. A new Inside Mortgage Trends analysis of mortgage-backed securities data shows that the retail share of loans sold to Fannie Mae, Freddie Mac and Ginnie Mae fell to 48.6 percent last year. During the fourth quarter, sales of retail-originated loans declined by 14.9 percent, the sharpest downturn among ... [Includes two data charts]


January 11, 2019 - IMFnews

What We're Hearing: The Otting Era Commences / Waiting on the Senate (It Didn’t Work for Michael Bright) / 11 Days In and All Shook Up / HFSC Chair Worries about Furloughed Workers and Delinquencies / Keep an Eye on Jan. 15 / The Milken Institute Weighs in on ‘Administrative’ Reform of the GSEs

We’re just 11 days into the new year and already things are getting interesting in the mortgage industry...


January 11, 2019 - IMFnews

What Michael Bright’s Resignation Might Mean for GSE Reform

The odds of GSE “recap and release” becoming a reality just went down…


January 11, 2019 - IMFnews

Lenders Not Liable for a Servicer’s RESPA Violation

Under RESPA, servicers are generally required to consider borrowers for loss mitigation if the servicer receives a loss mitigation application at least 37 days before a scheduled foreclosure sale.


January 11, 2019 - IMFnews

Non-Agency MBS Issuance Faded in Fourth Quarter

The ECM sector was one of the few that recorded MBS production gains during the fourth quarter…


January 11, 2019 - IMFnews

CFPB Report Raises Questions about Non-QMs, DTIs, Servicing and More

The CFPB determined the ATR rule has reduced lending to some extent to borrowers with high debt-to-income ratios…


January 10, 2019 - IMFnews

Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package

With Michael Bright's departure, GSE "recap and release" just got hurt...


January 10, 2019 - Inside Mortgage Finance

Optimism on Rate Decline Snuffed Out by Shutdown

The steady decline in interest rates over the past four weeks had begun to spark a tinge of optimism among mortgage bankers that 2019 might turn out to be halfway decent after all. Then the government shutdown happened.


January 10, 2019 - Inside Mortgage Finance

Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

The flow of conventional mortgages with private mortgage insurance coverage into Fannie Mae and Freddie Mac mortgage-backed securities fell sharply in the fourth quarter – tracking a broader slump in purchase-mortgage business. [Includes three data charts.]


January 10, 2019 - Inside Mortgage Finance

Mortgage Market at a Glance, January 11, 2019

Weekly mortgage rates and application survey data.


January 10, 2019 - IMFnews

As Business Slows, Lenders Cut Branches, Channels; Movement Gets Eagle Franchise

Movement said the acquisition “significantly” expands its presence in the Pacific Northwest and Mountain West…


January 10, 2019 - IMFnews

Acting Ginnie Mae President Michael Bright Bolts Agency for SFIG

Bright will earn significantly more working for SFIG than at Ginnie, easily doubling his salary and then some...


January 10, 2019 - IMFnews

New Residential Looks to be a Frequent Issuer of Non-QM MBS, Preps Latest Issuance

New Residential also will buy non-QMs from lenders other than New Penn...


January 10, 2019 - IMFnews

Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

Fannie and Freddie securitized $66.89 billion of single-family loans with private MI coverage during the fourth quarter…


January 9, 2019 - IMFnews

Market Shocker: Ginnie Mae Interim President Michael Bright Quits

Bright was first nominated to the post by President Trump in May of last year. He had been serving as an EVP at Ginnie.


January 9, 2019 - IMFnews

Short Takes: UWM Removes LLPAs on Certain Loans / New Mortgage Applications Come Roaring Back / Tempering Optimism with a Government Shutdown / Seterus’ Leslie Peeler? / Complaints Registered

Four years ago, Leslie Peeler, the Fannie Mae senior vice president in charge of the GSE’s servicing decisions, left the mortgage giant for Seterus.


January 9, 2019 - IMFnews

Angel Oak Expects Sustained Non-QM Growth in 2019

The non-QM market is booming, said Angel Oak executive Tom Hutchens…


January 9, 2019 - IMFnews

FHA Tells Servicers to be Lenient Toward Furloughed Federal Workers and Contractors

The FHA handbook states that servicers can receive a “financial incentive” for offering forbearance...


January 9, 2019 - IMFnews

Signs of Life in the MH Market: AZ Servicer of Manufactured Housing Loans Receives Rating, MBS Issuance Likely

Cascade services $1.3 billion of product…


January 8, 2019 - IMFnews

Short Takes: $249 Million in Mortgage Payments at Risk? / Will Trump Order Fannie and Freddie to Stand Down? / Assessing Mark Calabria / Lovell Buys ATTOM / LoanLogics Hires Mortgage Tech Vet

Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate.


January 8, 2019 - IMFnews

TMS Exiting Retail and Wholesale Channels, Will Focus on Servicing, Correspondent Acquisitions

AmeriSave said it wants to scale its origination business…


January 8, 2019 - IMFnews

BB&T Quietly Cuts Mortgage Staff Including Correspondent Manager

The RIFs at BB&T started in December and more are expected...


January 8, 2019 - IMFnews

Morningstar Expects Looser Underwriting on Non-Agency Loans in 2019

Morningstar expects the market share will increase for ARMs, interest-only loans and mortgages with higher loan-to-value ratios…


January 8, 2019 - IMFnews

The Final Ginnie Mae Issue Tally for 2018: $388 Billion

Feeding the decline was an 18.8 percent sequential drop in VA purchase loans…


January 7, 2019 - IMFnews

Short Takes: IRS Cranks Up the IVES Machine Again / Otting at FHFA, Day 1 / AltLoan Enlists a New Capital Markets Partner / 45 Percent Plan to Enter the Non-QM Space This Year / Academy LO Joins Bay Equity Home Loans

Roughly 45 percent of respondents said they definitely will enter the the Non-QM market this year.


January 7, 2019 - IMFnews

Democrats on the HFSC Seek FHA Loans for DACA Recipients

Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.


January 7, 2019 - IMFnews

CMG Mortgage Expands in the Northeast, Assumes 14 RPM Branches

RPM CEO Rob Hirt was good-natured about the departures: “I wish CMG continued success into 2019…”


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