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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Non-QM Share of Impac’s Originations Up Sharply

November 16, 2018
The non-qualified mortgage share of Impac Mortgage Holding’s total originations has increased significantly in the past year. The nonbank lender has enhanced its marketing efforts for such loans as the volume of conventional refinances has declined. Non-QMs accounted for 40.9 percent of Impac’s $853.2 million total originations in the third quarter of 2018 compared with 11.5 percent of $2.08 billion of originations a year ago. Impac’s non-QM originations increased 45.9 percent to $349.2 million ...
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What We’re Hearing: GNMA’s Michael Bright is Taking No Chances / Ginnie Servicing is Now Worth… / Bright and the FHFA Job / The Bigger You Are… / 47 Percent of Lenders Eyeing the Non-QM Market? / Radian Gets a New Controller

November 16, 2018
Paul Muolo
A new poll being conducted by Inside Mortgage Finance/IMFnews shows that 47 percent of lenders are contemplating originating non-QM mortgages in 2019...
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After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More

November 16, 2018
Paul Muolo
Back in June, Wells trimmed 400 mortgage jobs, including 63 mortgage workers in Frederick, MD.
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House Power Shift May Have Little Impact on GSE Reform While Dampening Reg Relief

November 16, 2018
Yemeng Yang
In a recent eight-page memo outlining her priorities, Rep. Maxine Waters did not address the conservatorships of Fannie Mae and Freddie Mac…
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Under Michael Bright, Ginnie Mae Continues to Tighten Issuer Standards, Accountability

November 16, 2018
Paul Muolo
Ginnie said the evaluation will be “similar to those employed by credit rating agencies.”
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After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More

November 15, 2018
Paul Muolo
The megabank currently employs 27,000 mortgage-related workers or what it calls “team members.”
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Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS

November 15, 2018
Paul Muolo and Brandon Ivey
If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.
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Very Good News: MMIF Capital Ratio Improves to 2.76 Percent. As for a Cut in Premiums…

November 15, 2018
Paul Muolo and George Brooks
The fund's value has improved, but FHA premiums will not be cut...
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JPM Packages Jumbos with Relatively High LTV Ratios in Unique MBS

November 15, 2018
Brandon Ivey
Moody’s Investors Service said 47.0 percent of the dollar volume of the loans in the MBS were underwritten by United Shore…
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More Red Ink for Ditech in 3Q and Another Potential Trip into Bankruptcy

November 15, 2018
Paul Muolo
Ditech said the company is in talks with “certain” corporate debt holders regarding another possible "court supervised" Chapter 11 process...
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