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Home » Topics » IMFnews » Originations

Originations
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Happy Days are Here Again: Rates Fall, Applications Rise

April 21, 2021
Paul Muolo

The tide has turned on new loan applications, at least for now...


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Mortgage Back-Office Workers Cease Huge Salary Demands?

April 20, 2021
Paul Muolo

One headhunter, requesting anonymity, said experienced underwriters are no longer commanding salaries approaching $120,000 per year, though some aren't afraid to ask...


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CFPB: Tenants Must Be Provided with Written Notice of Rights Under Eviction Moratorium

April 20, 2021
Lisa Burden

The rule “puts some real teeth behind the CDC’s COVID eviction moratorium,” according to Adam Levitin, a Georgetown Law School professor. He added that “some jurisdictions seem to be taking the CDC moratorium as merely advisory, rather than as binding law.”


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It’s Official: Genworth MI Files an S-1. Parent Will Get All of the Proceeds

April 20, 2021
Paul Muolo

Genworth Mortgage: "Following this offering, we will be a 'controlled company' within the meaning of the NASDAQ rules as our parent will continue to own, through GHI, more than a majority of the total voting power of our common stock."


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New Non-Agency MBS Issuer Offers Deal with Loans Originated by Owning

April 19, 2021
Brandon Ivey

PR Mortgage Investment is set to issue a $479.3 million non-agency MBS with conforming jumbos originated by Owning.


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Rich Man, Poor Man (A Study of Refis)

April 16, 2021
Dennis Hollier

Historically, rich and poor borrowers have had roughly the same likelihood of refinancing: a probability of 1.14%.


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Caliber's Sale Price of 1.0x Book Raises Some Eyebrows

April 16, 2021
Paul Muolo

If Caliber's MSR portfolio of $152.7 billion is valued at 100 basis points, that translates into a value of $1.52 billion, at least...


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An Origination Decline for Jumbo Specialist FRB

April 16, 2021
Paul Muolo

On the home-equity lending side of the aisle, the San Francisco-based bank funded $623.6 million worth of seconds, a slight increase from 4Q20...


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A Nice Comeback for Non-Agency MBS Issuance in 1Q21

April 16, 2021
John Bancroft

JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance...


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Short Takes: Nice Earnings for a Megabank / BofA and Home-Equity Lending / Some History / The Caliber Termination Fee / New Residential’s 1Q21 Results

April 15, 2021
Paul Muolo

The termination fee on the NRIC-Caliber deal: $25 million.


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