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Home » Topics » IMFnews » Originations

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Latest Lenders to Re-enter the Non-QM Space: First Guaranty, New Rez

October 27, 2020
Brandon Ivey

First Guaranty Mortgage Corp. restarted its Maverick non-QM program and New Residential Investment plans to resume non-QM lending shortly.


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Forbearance Reading Declines but Trouble Remains for Ginnie, PLS

October 26, 2020
Paul Muolo

On Friday, Black Knight Financial released its forbearance tally, saying cases declined by 11,000 units for the seven-day period, ending October 20. Roughly, three million mortgagors remain in active COVID-related relief programs, the analytics firm noted.


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SCOTUS Receives Last Major Brief in the (GSE) Collins Case

October 26, 2020
Dennis Hollier

Nielson’s friend of the court filing is tightly reasoned and well organized. However...


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New Rez More than Doubles Lending Volume, but GOS Declines

October 26, 2020
Brandon Ivey

After pulling back from correspondent lending during 2Q20 amid market volatility, New Residential sharply increased its loan purchases in the third quarter...


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Okay, We’re Doing Great Today, but What About Tomorrow?

October 23, 2020
Brandon Ivey

Kirstin McMullen, chief financial officer of The Money Source: “Since March, we have all made so much cash, so it’s certainly less stressful"...


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Want to Buy Some loanDepot Stock? How About Some Debt?

October 23, 2020
Paul Muolo

The nonbank is weighing its IPO options. In the interim, it's selling $500 million worth of debt...


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DOJ Unveils Guild FHA Legal Settlement

October 23, 2020

In settling with the FHA charges with government, Guild did not admit liability...


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Short Takes: A Quarter to Remember / But a Record? / The NB vs. Bank Tally / Avoiding Television / A Premier for FHA AU

October 22, 2020
Paul Muolo and Maria Volkova

Among the top 10 lenders for the first nine months, six were nonbanks and four were federally insured depositories. However, the number-10 ranked Bank of America is in danger of being overtaken by Guaranteed Rate.


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Guild Goes Public, Stock Struggles in Reduced Offering

October 22, 2020
Paul Muolo

All totaled, McCarthy will take home $97.5 million today compared to $161.5 million, the high end of the range published last Thursday...


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On Schedule: The GSE ‘Adverse Market’ Fee, Due Dec. 1

October 22, 2020
Dennis Hollier

David Brickman, Frater’s counterpart at Freddie, expressed similar sentiments: “Costs have changed. Risks have changed. We’ve put in place an appropriate and prudent response to that change in the external environment for us to support struggling homeowners.”


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Latest Imf News

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