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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Swing to Purchase Market Boosts Correspondent Share

August 25, 2022
John Bancroft
Correspondent originators are better at finding purchase-mortgage business, and that’s why the channel’s market share rose in the second quarter. Brokers saw the biggest decline. (Includes six data charts.)
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Slowdown in New Home Sales Adds to Lag in Mortgage Lending

August 25, 2022
Monica Hogan
Last month new home sales fell to their lowest level since January 2016. Trouble ahead, perhaps?
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Analysts Eye New Eligibility Rules for Servicers

August 25, 2022
Dennis Hollier
Ginnie spreads over Treasuries have widened in the wake of the newly announced capital and liquidity requirements for nonbank servicers.
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Grapevine: Oh Cyclicality! / Exceptions to the Rule

August 25, 2022
Paul Muolo
Residential finance can be cyclical, but what inning is the correction in? Investors are willing to buy mortgage company debt...but at a price.
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Agency Mortgage Market Hit Hardest in 2Q22 Refi Collapse

August 18, 2022
John Bancroft
Purchase-mortgage originations saw a healthy gain in the second quarter, but not enough to offset plunging refinance activity. Production was up in jumbo and ECM lending. (Includes two data charts.)
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FHFA Tweaks GSEs’ Goals for Multifamily in 2023-24

August 18, 2022
Dennis Hollier
The GSEs will now focus on the percentage of multifamily units that meet affordability standards rather than the actual number.
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CSBS Promotes Cybersecurity Tools for Nonbanks

August 18, 2022
Monica Hogan
The Conference of State Bank Supervisors unveiled two new tools to help state examiners assess nonbanks’ resilience against cyberattacks.
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Equifax Credit Score Snafu May Have Had Wider Impact

August 18, 2022
Dennis Hollier
A plaintiff in a class-action lawsuit claims the Equifax credit score glitch cost her more on auto loan payments.
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Grapevine: A Reduced Mortgage Presence for Wells?

August 18, 2022
Paul Muolo
The market continues to chatter about Wells Fargo’s future in mortgages. Meanwhile, time to cash out of home finance?
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Margins Could Take a Hit as United Wholesale Aims for Market Share

August 11, 2022
Brandon Ivey
After cutting interest rates on its products in late June, UWM expects its gain on sale to decline from 99 bps in the first half of this year to as low as 30 bps in the third quarter.
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