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Home » Topics » IMFnews » Originations

Originations
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Short Takes: Top Agency MBS Issuer in 2023 / Smaller Banks Concerned About HELOCs / Angelo Gordon Quick With MBS

January 5, 2024
Brandon Ivey
United Wholesale Mortgage barely edged out PennyMac as the top issuer of agency MBS in 2023.
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Loan Sales by Banks Steady in Third Quarter

January 4, 2024
Brandon Ivey
JPMorgan Chase, the largest bank retail lender, sold $9.23 billion of mortgages in the third quarter, up 5.5% from the second quarter.
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Lack of Clarity on QM Standards an Issue in Secondary Market

January 4, 2024
James Dohnert
Lenders must maintain policies and procedures that detail the underwriting factors they used and retain documentation showing how they took those factors into account in the ability-to-repay determination.
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Short Takes: First American Getting Back on its Feet / Signs of Thaw in Housing Market / A Slow Thaw / Hot Markets

January 4, 2024
Brandon Ivey
First American's affiliated bank is operational and the title insurance provider's email system was restored.
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Potential Homebuyers Face Hurdles Beyond Interest Rates

January 3, 2024
James Dohnert
Home price appreciation and concerns about the economy look to be outweighing the recent decline in interest rates.
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Short Takes: MSR Buyers Still Hungry / Applications Slow / Some Home Price Depreciation Expected / Expanded-Credit MBS From Annaly

January 3, 2024
Brandon Ivey
The industry expects robust bulk MSR trading during the first quarter.
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First American Recovering From Cyber Incident

January 2, 2024
Brandon Ivey
First American stressed that all funds associated with the company were secure.
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FHLBanks Could Lose Some Members Under FHFA’s Planned Changes

January 2, 2024
Dennis Hollier
To obtain FHLBank membership, an institution must hold at least 10% of its assets in residential mortgage assets.
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Short Takes: Pending Home Sales Level / Home Prices Climb / Commercial MBS Delinquencies Decline

January 2, 2024
Brandon Ivey
Lower interest rates didn't translate into higher home sales in November.
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Home Equity Lending Declines by 4% in Third Quarter

December 22, 2023
Brandon Ivey
An estimated $51.0 billion of closed-end second liens and home equity lines of credit were originated in the third quarter.
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