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Home » Topics » IMFnews » Originations

Originations
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Short Takes: Mortgage Applications Decrease / Refis Still Popular / SFA Requires Proof of Vaccination / Lender Rebrands / Correction

August 18, 2021
Brandon Ivey
Refi inquires declined by 5% on a weekly basis while purchase-mortgage applications were off by 1%...
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FHA Lending Up, VA Down in Second Quarter

August 17, 2021
John Bancroft
VA Interest Rate Reduction Refinance Loan volume declined by nearly 40% in the second quarter.
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Short Takes: Abandonment Rate Up on Forbearance Calls / CFPB is Watching / NYCB Invests in Figure / Sachem’s Income Increases

August 17, 2021
Brandon Ivey
The abandonment rate on calls to servicers jumped to 5.0% from 3.6% the week prior...
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United Wholesale’s Income and Margins Drop Sharply in Second Quarter

August 16, 2021
Brandon Ivey
The wholesale lender's originations increased by 20% compared with the first quarter while income fell 84%.
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Short Takes: Moratorium Fights / UWM Stems GOS Tide

August 16, 2021
Dennis Hollier
The CDC's extended eviction moratorium survives another court ruling but trade groups vow to keep fighting.
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FCA FHA Battle Avoided in Fight Over Infrastructure Bill?

August 13, 2021
Dennis Hollier
In the mortgage industry, the FCA has been used by the Department of Justice and Department of Housing and Urban Development to punish FHA lenders for sloppy underwriting practices that led to defaults.
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Rocket Posts Lower 2Q Profits and Originations, but Forecasts Record Lending in ‘21

August 13, 2021
Paul Muolo
Overall, the Detroit-based company funded $83.8 billion in 2Q compared to $103.5 billion in 1Q...
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Angel Oak’s REIT Posts Lower Income in Second Quarter

August 13, 2021
Brandon Ivey
While Angel Oak issued a non-QM MBS during the second quarter, the REIT didn't participate in the securitization.
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Short Takes: Pipeline Protection? The GSEs? / A Wholesale Issue / Phoenix Capital Offers Bulk MSRs / A Loss for Impac

August 13, 2021
Paul Muolo, Brandon Ivey, and Dennis Hollier
JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”
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Better.com Says All Systems Go to Become a Public Company

August 12, 2021
Paul Muolo
It's a tough market for mortgage companies to go public, but Better.com is plowing ahead. Its founder is Vishal Garg.
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