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Home » Topics » IMFnews » Originations

Originations
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Mortgage Complaints Filed with the CFPB Begin to Pile Up

November 11, 2020
Yemeng Yang

Gripes about mortgage applications hit a historical high, jumping 29.9% sequentially to 1,609 in 3Q20. The nine-month reading registered a stunning 124.6% spike year-over-year.


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Coming Soon: GSE Refi Fee. Complaints Ensue

November 11, 2020
Dennis Hollier

A basic question is posed: If Fannie and Freddie are earning so much money, why do they need to impose the fee?


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(Not) Surprise: loanDepot Headed to the IPO Party

November 11, 2020
Paul Muolo

loandepot’s chief backer, dating back to 2010, is private equity firm Parthenon Capital Partners.


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Another Blowout Earnings Quarter for Rocket, Company Unveils $1B Stock Buyback Initiative

November 10, 2020
Paul Muolo

Bottom line: Originations increase nicely, but GOS declines...


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GSEs Re-Up with FICO (For Now)

November 10, 2020
Dennis Hollier

The deadline for potential competitors to submit their proposals was Sept. 15. However, that was just the first of four phases in the selection process established last year by the FHFA. The enterprises expect the process to take at least another year to complete.


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Who Will be the Next CFPB Director? Rep. Porter?

November 10, 2020
Yemeng Yang

Before she ran for Congress, Porter taught consumer bankruptcy and mortgage foreclosure law at the University of California...


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Growing Doubts About GSE ‘Re’ IPOs

November 9, 2020
Dennis Hollier

The calculus is straightforward: With that much capital tied up in equity, it’s difficult to see how the GSEs could generate adequate returns to attract investors.


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The Post-COVID Employee Landscape: How Many Mortgage Workers Return to the Office?

November 9, 2020
Paul Muolo

Moreover, the "back to the office" quandary became even more pertinent Monday morning, given the positive news surrounding the Pfizer coronavirus vaccine.


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Yep, Another Record for MBS Issuance: $338 Billion in October

November 6, 2020
John Bancroft

Year-to-date issuance climbed to $2.468 trillion at the end of October and should top $3 trillion based on the current pace. As of this writing, there appears to be plenty of gas still left in the tank.


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An Absolutely Blowout Quarter for PennyMac Financial

November 5, 2020
Brandon Ivey

On the origination side of the aisle, loan production increased sequentially by 43.9%, one of the strongest showings among the top 10. 


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