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Home » Topics » IMFnews » Originations

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FHFA Seeks Input on GSE Appraisal Issues

December 29, 2020
Brandon Ivey

Questions posed by the FHFA include whether the GSEs should use appraisal waivers and how lenders might manipulate automated underwriting systems when seeking an appraisal wavier from the GSEs.


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CFPB Opts for QM Standards for ARMs Opposed by Lenders

December 28, 2020
Brandon Ivey

The CFPB noted that lenders didn't provide relevant data that had been requested by the regulator during the comment period.


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Correspondent and Broker Channels Regain Some Share of FHA/VA Market

December 28, 2020
John Bancroft

FHA/VA originations through the correspondent channel increased by 48.5% during the third quarter, bringing the channel's market share to 31.3%.


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Short Takes: Slight Uptick in Forbearance / Outlook for Interest Rates / Planet Home Lending’s Servicers Ratings Affirmed

December 28, 2020
Brandon Ivey

The number of loans in forbearance increased during mid-December and could decline in early January, according to Black Knight.


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TPO Channels Pick Up Share in Stellar 3Q20 Agency Market

December 23, 2020
John Bancroft

The figures come from a variety of lenders that generated $570.6 billion of home loans during the third quarter, roughly half the market.


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Short Takes: Nonbanks Face the (GSE) Music on Liquidity Requirements / MBA is Not Happy / Hope? / Citi Goes English-Only / Freddie Official Hired by the CFPB

December 21, 2020

MBA criticized the secretive nature of the rule change, arguing that by using lender letters, the maneuver short-circuited the normal comment period…


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Saluda Grade Issues Rare Securitization of Closed-End Second Liens

December 21, 2020
Brandon Ivey

All of the loans in the new security were originated by Spring EQ, a Philadelphia-based lender co-founded by former New Penn CEO Jerry Schiano...


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Bye Bye Banks? Nondepository Share of GSE Sales Reaches an Astounding 63.9%

December 21, 2020

Among the top 50 nonbank sellers in 2020, six companies have increased their GSE sales more than tenfold: CrossCountry Mortgage, Better.com, Everett Financial, Draper and Kramer, NFM and PRMG.


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Connecticut Hard-Money Lender Readies Five-Year Paper

December 18, 2020
Paul Muolo

Through the first three quarters of 2019, Sachem has earned $6.6 million.


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A Mortgage M&A Boom in 2021 or Wishful Thinking?

December 17, 2020
Paul Muolo

This year, mortgage bankers were making too much money and pushed aside the thought of selling. Next year might be a different story...


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