Origination

The question for most companies is do they have enough cash available to pivot to find the next opportunity.

Rumors about the viability of the Columbus, Ohio-based lender have been around for several months.

The government-sponsored enterprise is offering homebuyers and nonprofit agencies a 20-day window to purchase a bank-owned property if they plan to be owner-occupants.

Some see little evidence that shrinking Fannie and Freddie will bring private capital into the mortgage market.

The deal adds a call center operation which has originated $374 million through the first nine months of the year.

Auditors report solid improvement in the capital position of the federal mortgage insurance fund.

Lenders are unloading more of their bank-owned inventory at the foreclosure auction to take advantage of the volume of investors and cash purchasers in the marketplace.

New loan-level price adjustments negate Fannie and Freddie’s price advantage.

The agreements are allowed under the Real Estate Settlement Procedures Act as long as certain requirements are met. But the author has never seen one that worked.

Score a win for the private market, as higher GSE prices make nonagency mortgages more attractive to investors.