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Home » Topics » IMFnews » Originations

Originations
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Non-QM Lenders Looking to Hire

May 24, 2023
James Dohnert
While business is slow in most of the mortgage market, some non-QM lenders are anticipating a busy second half of 2023.
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Short Takes: Applications Decline / ABA Calls for GSE Legislation / Second-Lien Securitization / Risky Areas

May 24, 2023
Brandon Ivey
Demand for mortgages declined as interest rates ticked up.
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First Republic Topped Jumbo Lenders Before Demise

May 23, 2023
James Dohnert
For years, Wells Fargo and JPMorgan Chase were the largest originators of jumbo mortgages.
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Thompson: GSE Pricing Grids Were Outdated

May 23, 2023
Brandon Ivey
Thompson was the sole witness at a hearing by the House Financial Services Committee.
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Sharp Differences in FHA, Private MI Business

May 23, 2023
Monica Hogan
There's some competition between FHA and private mortgage insurance companies, though much of their business is focused on different sets of borrowers.
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Short Takes: Freddie Offers Automated Paystub Assessment / ‘Soft’ Credit Pulls From Blend / Non-QM MBS From Ares / Fintech Enters Warehouse Sector

May 23, 2023
Brandon Ivey
The GSE says the addition to its income assessment tool will expand access to credit.
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Jumbo Lending Drops in First Quarter

May 19, 2023
John Bancroft
Banks reduced their appetite for jumbos in the first quarter.
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Lenders’ Losses Narrow in First Quarter

May 19, 2023
Brandon Ivey
Originations remained a money-losing venture for many lenders in the first quarter, though the losses weren't quite as bad.
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Loan Application Denials Tied to DTI Issues Rise in 2022

May 19, 2023
Sam Manas
Rising interest rates made it more difficult for loan applicants to meet DTI ratio requirements.
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Short Takes: CHLA Seeks Friendlier Buyback Policy / The Servicing Hedge / New eMSR Exchange / Spring Homebuying Season Starts When?

May 19, 2023
Brandon Ivey
CHLA called on the GSEs to offer indemnification rather than a repurchase request for any performing loan with defects.
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