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Home » Topics » IMFnews » Originations

Originations
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FHFA Poised to Extend Controversial 'Adverse Market' Fee

April 6, 2021
Dennis Hollier

FHFA says it always expected the fee to still be in place in December...


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Mortgages Backed by NOOs Hitting the Secondary Market and Not in a Good Way

April 5, 2021
Paul Muolo

RAMS: “Large, medium, and small originators are all in the same boat looking for new outlets for this product.”


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Wholesale CEO Criticizes GSE Limits on Investment Property Loan Purchases

April 5, 2021
Dennis Hollier

“Here’s what it means to you,” said the CEO. “You’re going to start seeing that second homes and investment homes might have loan-level price adjustments"...


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GSE Business Volume Rock Solid in 1Q21 but Off From Fourth Quarter

April 5, 2021
John Bancroft

The first quarter of 2021 still ranked as the second-highest quarterly volume for the two GSEs...


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Short Takes: The Falling Forbearance Rate… / Play Ball / A Warehouse Securitization / A New Entrant to Non-QM Lending / FoAM Buys Benji

April 2, 2021
Paul Muolo and Brandon Ivey

For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…


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One More Mortgage IPO: Blackstone’s Mortgage Unit Starts Trading Monday

April 2, 2021
Paul Muolo

More gas left in the mortgage IPO tank? Some...


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HECM Production Down in 4Q but Otherwise Had a Banner Year

April 1, 2021
Maria Volkova

In 2020, American Advisors Group was the top reverse mortgage originator in the U.S., with $4.09 billion...


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Securitization Claims Higher Share of Mortgage Market

April 1, 2021
John Bancroft

Fun fact: Ginnie Mae regularly captures 95% or more of new FHA and VA loan production...


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Eyeing Higher Margins, Impac Returns to Non-QMs

April 1, 2021
Brandon Ivey

As recently as November, Impac Chairman and CEO George Mangiaracina said returns on loans eligible for sale to the government-sponsored enterprises were better than returns from non-QMs. However, this spring he indicated that market dynamics had changed.


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A Week After Charitable Commitment, Rocket Founder Reveals Large Stock Sale

April 1, 2021
Paul Muolo

In a research note, Keefe, Bruyette & Woods said that following Gilbert’s stock sale his interest in Rocket Companies will drop to 93% from 94%.


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