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Home » Topics » IMFnews » Originations

Originations
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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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Ending the GSE 'Patch': Now What?

April 15, 2021
Dennis Hollier

As might be expected, the move rattled lenders who are now trying to figure out the ramifications of a patch-less mortgage world...


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How to Pay for Caliber? Sell More Stock, Of Course…

April 15, 2021
Paul Muolo

What some may have forgotten: Last fall, NRIC submitted a confidential S-1 on its mortgage banking affiliate NewRez but the IPO never came off...


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Study Finds Refis Mainly Benefit the Rich

April 15, 2021
Dennis Hollier
Researchers looking at proprietary Freddie Mac data found that the wealthiest 10% of borrowers saved $5 billion more on their mortgage refinances in 2020 than all other borrowers combined.
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MBA Lobbying Against PSPA Provisions that Limit Loan Sales

April 14, 2021
Dennis Hollier

In a sign of frustration, on Tuesday the MBA turned up the volume, asking members of the Mortgage Action Alliance, its main lobbying arm, to call their congressman...


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Better.com Secures a $500 Million Commitment from SoftBank

April 14, 2021
Paul Muolo

According to figures compiled by Inside Mortgage Finance, Better – which is just five years old – ranks 36th among all home originators.


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HUD to Reinstate Obama-era Disparate Impact Standard

April 14, 2021
Maria Volkova

However, the revised regulation never saw the light of day —  it was stayed a day before implementation by a federal court in Massachusetts. Since October, the future of the rule has been in limbo.


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Its IPO in Doubt, Caliber Agrees to a Sale. The Buyer: New Residential

April 14, 2021
Paul Muolo

Owned by Lone Star Funds, Caliber late last fall filed to go public but the IPO has been on hold for undisclosed reasons. Meanwhile, NRIC also said this morning that its previously announced IPO of NewRez will proceed.


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