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Home » Topics » IMFnews » Originations

Originations
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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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New Residential Joins the IPL MBS Bandwagon

August 12, 2021
Brandon Ivey
The bulk of the loans in the MBS were originated by New Residential's own lending unit, along with some from Caliber...
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A Slim 2Q Profit for Guild, A Loss for Finance of America

August 12, 2021
Paul Muolo
The "Big Kahuna" of mortgage banking, Rocket Companies, reports 2Q21 results after the stock market closes on Thursday...
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A Change for Fannie: GSE Will Include Rental Payments Made by Applicants

August 11, 2021
Dennis Hollier
Fannie CEO Hugh Frater described the change to DU as “one important step in correcting the housing inequities of the past,” adding that it will create a more inclusive mortgage credit evaluation process.
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