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Home » Topics » IMFnews » Originations

Originations
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Mortgage Bankers Cut Jobs in May While Brokers Added Positions

July 2, 2020
Paul Muolo

Loan brokers, on the other hand, added 1,100 full-timers in May, bringing their employment count to 93,700. Over the past 12 months, brokerage firms have added 8,500 workers.


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Short Takes: FoA Looks to Buy Servicing / A Problem: Origination Capacity / A Dip in Applications / Wanted: Larger Homes / A New CD for CHLA

July 1, 2020
Paul Muolo

Finance of America sees an opportunity in mortgage servicing rights...


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Remaining Strong in June: Fannie, Freddie MBS Issuance

July 1, 2020
John Bancroft

Refinance activity continued to drive Fannie/Freddie MBS issuance, but purchase-mortgage activity has still not caught fire...


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HECM Lending Spiked in 1Q20 but Fell to Its Knees in April

July 1, 2020
Namrata Bhatia

n the first quarter, the top three HECM originators (American Advisors Group, Reverse Mortgage Funding and Finance of America Mortgage) accounted for $1.04 billion, or 26.8%, of total production…


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Correspondent FHA/VA Originators Lose Market Share in 1Q20

June 30, 2020
John Bancroft

The declines were fairly consistent across most of the major correspondent platforms.


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Ginnie Sets Restrictions Aimed at 'Strategic Buyouts' of Delinquent Mortgages

June 30, 2020
Brandon Ivey

Ginnie Mae said it is concerned that issuers could abuse buyouts and "undermine the integrity of the MBS program."


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Supreme Court Rules President Can Fire CFPB Director 'Without Cause'

June 29, 2020
Yemeng Yang

“The agency may therefore continue to operate, but its director, in light of our decision, must be removable by the president at will,” according to the majority opinion, written by Chief Justice John Roberts.


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Quite the Turnaround for Expanded-Credit MBS Issuance

June 29, 2020
Brandon Ivey

The revival included first-time EC MBS issuers as well...


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Short Takes: The Good … and the Bad / Almost (Mortgage) Heaven: West Virginia / Customer Service Takes a Backseat? / What's for Dinner?

June 26, 2020
Paul Muolo

It appears the mortgage forbearance “winning streak” has ended, at least for now...


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House Democrats Seek to Overturn OCC’s CRA Revamp

June 26, 2020
Yemeng Yang

In order to nullify a rule using the Congressional Review Act, the resolution has to pass both houses of Congress before it goes to the president...


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