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Home » Topics » IMFnews » Originations

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Private Mortgage Insurance Tops Purchase Market, VA Leads in Refis

January 22, 2021
John Bancroft

Private MIs were particularly strong in the purchase-loan market, with annual GSE sales of $366.87 billion — which represented 51.0% of all insured purchase loans securitized by the agencies...


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In 4Q, Banks Didn’t Exactly Rise to the Mortgage Occasion

January 21, 2021
Paul Muolo
The nation’s top six depositories funded a combined $139.3 billion of mortgages in the fourth quarter of 2020, down both sequentially and on an annual basis.
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White House Names Interim CFPB Director: Uejio

January 21, 2021
Lisa Burden

Uejio first started at the bureau in 2012. He has held several positions with the agency, including lead for talent acquisition.


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Mortgage Production Cools Off at Flagstar in 4Q20

January 21, 2021
Brandon Ivey

Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending...


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In 4Q20, Banks Didn’t Exactly Distinguish Themselves

January 20, 2021
Paul Muolo

For instance, Wells’ housing receivables fell 19.4% over the past 12 months.


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FHA Issues Statement on DACA Borrowers: Yes

January 20, 2021
Maria Volkova

The government MI is waiving a section in the handbook that reads, “Non-US citizens without lawful residency in the U.S. are not eligible for FHA-insured mortgages.”


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Short Takes: Coming (Sort of) Soon: A 30% Market Share for Loan Brokers? / Still Hiring / Another Milestone for Broker Employment / FHFA Stays Busy

January 20, 2021
Paul Muolo and Dennis Hollier

According to figures compiled by the U.S. Bureau of Labor Statistics, loan brokerage firms now employ 109,800 full-timers...


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Mortgage Lending, Profits Fall at U.S. Bank

January 20, 2021
Paul Muolo

Mortgage banking earnings fell to $478 million at the Minneapolis-based bank from $543 million in the third quarter...


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Chase Preps Large Prime Non-Agency MBS. CS Plans Smaller Non-QM Deal

January 20, 2021
Brandon Ivey

Chase is set to issue one of the largest post-2010 prime non-agency MBS with new production while Credit Suisse has a smaller non-QM deal with somewhat seasoned mortgages.


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Non-Agency MBS Shrivels Up in 4Q20

January 19, 2021
Brandon Ivey

Some $7.29 billion of non-agency MBS was issued during the fourth quarter, down 41.5% on a sequential basis.


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