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Home » Topics » IMFnews » Originations

Originations
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PennyMac’s Profits Decline in First Quarter

April 28, 2023
Brandon Ivey
PennyMac's originations were essentially level in the first quarter, helping the lender become the largest producer in the industry.
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Redwood Sees Jumbo Opportunity as Banks Suffer

April 28, 2023
James Dohnert
Redwood Trust anticipates that more jumbos will flow through its conduit as liquidity becomes a significant concern for some regional banks.
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Mortgage Business at NYCB (Flagstar) Improves in First Quarter

April 28, 2023
Brandon Ivey
More originations, an improvement on margins and an increase in income from servicing at NYCB.
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FHA Gaining Popularity Among Borrowers, Home Sellers

April 28, 2023
Monica Hogan
Both purchase-mortgage borrowers and home sellers are increasing their acceptance of FHA mortgages.
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Short Takes: Jumbos: Selling vs Holding / Interest Rate Trends / FHA and Flood Insurance

April 28, 2023
Brandon Ivey
There are some benefits to selling jumbos into the secondary market rather than holding the loans in portfolio.
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Short Takes: CFPB on Old Second Liens / Plenty of Servicing Available / Garris Horn Adds Partner / Overvalued Homes

April 27, 2023
Brandon Ivey
The CFPB is aiming to prevent foreclosures tied to older second liens.
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Federal Regulators Issue Warning on Use of Automated Systems

April 26, 2023
Brandon Ivey
CFPB Director Rohit Chopra cited the mortgage industry as an area of concern.
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VA Expands Scope of Loan Conference

April 26, 2023
Monica Hogan
“There’s nothing like being in a room and being able to discuss what are the hiccups, where from a policy standpoint can we do better,” said John Bell, executive director of the VA loan guaranty program.
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Short Takes: First Republic Reaction / Potential Sale or FDIC Intervention? / Applications Buck Interest Rates

April 26, 2023
Brandon Ivey
First Republic Bank's stock price dropped by 50% the day after the bank released earnings for the first quarter.
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Mortgage Insurance Activity Declines in First Quarter

April 25, 2023
John Bancroft
Loans with MI represented 63.8% of total mortgage-backed securities issued by Fannie, Freddie and Ginnie in the first quarter.
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