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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Lenders Urge States to Extend Work From Home Flexibilities

October 11, 2021
Brandon Ivey
There’s no uniformity in how states are handling workplace requirements for mortgage companies during the pandemic. Industry participants are calling for the ability to work from home to be a permanent option.
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Cash-Out Refis: Boom Without the Bust

October 7, 2021
Dennis Hollier
An FHFA-OIG report suggests underwriting for the current wave of cash-out refinances is much better than in previous cycles.
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A Reason to Pause on Mortgage Fintech Better.com?

October 7, 2021
Paul Muolo
No one ever said becoming a public company was easy, but a new public filing related to Better.com’s plans reveals some of the roadblocks that lie ahead. Will investors take note?
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Depositories Come Back in 2Q21 Mortgage Slump

September 30, 2021
John Bancroft
The decline in mortgage origination from the first to the second quarter hit nonbanks harder, but the industry still accounted for 70% of production by the top 100 lenders. (Includes two data charts.)
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A Moral Dilemma? Mortgage Bankers and PPP Money

September 30, 2021
Paul Muolo
Remember the government’s Paycheck Protection Program? Mortgage bankers took some of the money and then posted record earnings.
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Lawsuit Against loanDepot May Have Third Parties Worried

September 30, 2021
Paul Muolo
In regard to underwriting shortcuts, loanDepot said it did nothing wrong, but the nation’s sixth-largest home lender’s counterparties may need some reassurances. One observer called a lawsuit filed against the company a legal “nightmare.”
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Home-Equity Lending Revs But Bank Holdings Decline

September 23, 2021
John Bancroft
Most top home-equity lenders reported increased production levels in the second quarter. But retained portfolios of HELOCs and closed-end seconds continued to shrink. (Includes three data charts.)
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Grapevine: Appraisal Bias; Lenders Embracing WFH for Long Term

September 23, 2021
Brandon Ivey
Freddie finds trends of bias in appraisal practices; Freedom Mortgage and Mr. Cooper will allow employees to work from home long term.
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Non-Agency Jumbo Soars in 2Q21, Agency Not So Much

September 16, 2021
John Bancroft
Originations of non-agency jumbos set an all-time record in the second quarter, but securitization of conforming-jumbo loans by Fannie, Freddie and Ginnie was down. (Includes three data charts.)
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Industry Cheers as FHFA Suspends Parts of the PSPAs

September 16, 2021
Dennis Hollier
Trade groups run a victory lap over the Biden administration decision to end Trump-era restrictions on the GSEs.
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Latest Imf News

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