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Home » Topics » IMFnews » Originations

Originations
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First-Time Homebuyer Share Increases in Agency Market

February 26, 2024
John Bancroft
The agencies securitized a combined $439.25 billion of first-time buyer loans in 2023, which represented 52.8% of agency purchase-loan business.
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Bank CRT Activity Expected to Increase

February 26, 2024
Brandon Ivey
To this point, the deals have been more frequent in Europe than in the U.S.
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Rocket Reports Losses for 4Q, 2023

February 23, 2024
James Dohnert
Rocket Companies reported a net income loss of $232.6 million in the fourth quarter of 2023.
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Short Takes: Rithm Markets Non-QM MBS / Fannie Mae Hires COO / CrossCountry Launches CashPlus / Interest Rates Projected to Fall Below 6% This Year

February 23, 2024
James Dohnert
Fannie's new operations head comes from Morgan Stanley...
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Former Sprout Mortgage CEO Accused of Money Laundering

February 22, 2024
Paul Muolo
Michael Strauss is accused of funneling roughly $27 million out of the company before its demise in the summer of 2023.
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Fix-and-Flip Industry Expects an Increase in Originations in 2024

February 22, 2024
James Dohnert
Fix-and-Flip lender Kiavi says it has already seen a boost in its pipeline in the first six weeks of the year.
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Jumbo Market Share Shrinks in 4Q

February 21, 2024
James Dohnert
The jumbo market’s share of first-lien production narrowed in the fourth quarter of last year.
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With the Spring Homebuying Season Almost Here, Applications Suffer

February 21, 2024
Paul Muolo
One warehouse manager noted, "We see few opportunities, but for the most part everyone has plenty of capacity.”
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Short Takes: dv01, Fitch Team for New Non-Agency RMBS Benchmarks / Premier Lending Adopts FICO Score 10 T / LoanCare Launches App / Habitat for Humanity’s CDFI Gets a Name Change

February 21, 2024
James Dohnert
The new partnership's benchmarks focus on the non-QM and prime-jumbo markets.
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Short Takes: Ardley Launches Automatic Underwriting Product / SEC Report Cites Rating Agency Problems / Franklin Templeton Predicts Four Rate Cuts in 2024 / Home Price Appreciation May Have Peaked

February 20, 2024
James Dohnert
A new SEC report says research analysts "inadvertently" sent email with confidential pending rating action information to people outside the rating agency.
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