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Home » Topics » IMFnews » Originations

Originations
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Forget the Mortgage IPO Craze, Nonbanks Increasingly Turn to Debt

October 30, 2020
Paul Muolo

IPOs can be expensive and complicated, but debt offerings are more of a sure thing (for the right shop)...


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Redwood Posts Profit in 3Q, Restarts Aggregation Business

October 30, 2020
Brandon Ivey

Redwood locked $2.1 billion in mortgages during the third quarter but only acquired $176 million...


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Consumer Supervision Division Shakeup Raises Eyebrows

October 29, 2020
Yemeng Yang

Afterward, the enforcement office’s policy and strategy team personnel and functions will be moved to a new division...


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Losing Market Share Once Again: The FHA Program

October 29, 2020
John Bancroft

The FHA share of the insured agency market fell to 22.7%, down from 23.5% in the second quarter and 28.8% a year ago.


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Mr. Cooper Increases Lending by 45.4% in 3Q, Servicing Portfolio Declines

October 29, 2020
Brandon Ivey

Mr. Cooper, which ranks third among servicers, pinned the MSR shrinkage on prepayments as borrowers refinanced into loans offered by competitors...


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MFA Returns to the Market with its Second Non-QM MBS

October 28, 2020
Brandon Ivey

Loans in the $570.2 million MBS were originated by Citadel Servicing Corp. and have seasoned for an average of 20 months.


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Washington Federal (Again) Fined for HMDA Reporting Errors

October 28, 2020
Yemeng Yang

Washington Federal has not yet been released from a 2013 consent order with the CFPB for violating HMDA and Regulation C.


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Banks Report 3Q20 Surge in Mortgage Income

October 28, 2020
John Bancroft

The second and third quarters rank among the most profitable for the sector, though merger activity and changing mortgage strategies can make comparisons to prior periods tricky...


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Amid the Pandemic, Consumer Complaints Reach an All-Time High

October 27, 2020
Yemeng Yang

The top three in the complaint category: Experian, Transunion and Equifax...


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Underwriter Shortage Gets Serious as ‘Raids’ Heat Up

October 27, 2020
Paul Muolo

Fearful your best underwriters might get poached? You're not alone...


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