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Home » Topics » IMFnews » Originations

Originations
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An Ugly 2Q Loss for Home Point as GOS Plunges

August 10, 2021
Paul Muolo
The mostly wholesale originator (71.8% of production) funded $25.5 million in loans during the April-to-June period, down 13.5% sequentially.
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Goldman, Guaranteed Rate Team Up on Non-Agency MBS (Again)

August 10, 2021
Brandon Ivey
Goldman's MBS is stocked with GSE-eligible mortgages on investment properties originated by nonbank mortgage giant Guaranteed Rate...
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Yet Another Gain for Mortgage Employment

August 9, 2021
Paul Muolo
Another record reading for mortgage employment? Looks that way...
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Wholesale Loses Ground in 2Q21, Correspondent Gains

August 9, 2021
United Wholesale Mortgage remained the top seller of broker loans with $41.07 billion during the second quarter, a 2.5% drop from 1Q21.
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Chimera Back in the Non-Agency MBS Market with GSE-Eligible Loans

August 9, 2021
Brandon Ivey
While numerous other issuers have rushed into the market with GSE-eligible loans in non-agency MBS, this is Chimera's first such deal of the year.
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Higher Ginnie Mae Requirements Could Spell Trouble for MSRs

August 9, 2021
Paul Muolo
Commercial banks could, once again, become big players in the GNMA MSR market but few find that likely...
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Agency MBS Issuance Down in July Despite Ginnie Mae Gain

August 6, 2021
John Bancroft
The two GSEs securitized $98.14 billion of refi loans in July, the lowest monthly volume since March of last year, when the Federal Reserve sparked a massive refi market by pushing interest rates to record lows.
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Not a Pretty Picture for the Mortgage IPO Class of ’20-21

August 6, 2021
Paul Muolo
It's hard out there for a publicly traded mortgage company, especially for the recent IPO class...
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PennyMac is Not Immune. 2Q Results Affected by MSR Marks, Lower GOS

August 6, 2021
Brandon Ivey
In 2Q, margins compressed at PennyMac and the value of its MSRs fell sharply. Sound familiar?
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New York Emerges as a Battleground on Nonbank CRA

August 5, 2021
Lisa Burden
The proposed legislation has passed both chambers of the New York Assembly and awaits the governor’s consideration.
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