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Home » Topics » IMFnews » Originations

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NAR Seeks Extension of GSE Forbearance Program. However...

August 25, 2020
Dennis Hollier

NAR also recommends eliminating the steep 500 to 700-basis-points fee on GSE forbearance loans...


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Short Takes: The Emphasis is on ‘Informal’ / A 60-day Rate-Lock Reprieve? / Refi FOMO (Maybe) / It Would Help / Promotions at Subservicing Specialist BSI

August 24, 2020
Paul Muolo and Dennis Hollier

The general consensus is that this new loan-level price adjustment will not be killed outright but very well could be moved back by at least 60 days from its current Sept. 1 implementation date. This would allow lenders facing rate-lock hits to avoid financial damage…

 


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Go Direct Lenders Settles False Advertising Charges with the CFPB

August 24, 2020
Yemeng Yang

The CFPB said the sweep of investigations is still ongoing, indicating that more enforcement actions might be on the way.


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Chase's Jumbo Aggregator Assessment Downgraded by Moody's

August 24, 2020
Brandon Ivey

The downgrade was prompted by JPM's use of Fannie Mae's Collateral Underwriter and automated valuation models.


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Government Lending Loses More Ground to PMI but VA Stays Ahead of FHA

August 24, 2020
John Bancroft

For the third consecutive quarter, VA production exceeded FHA activity – and the margin widened significantly...


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Mr. Cooper Goes On the Record, Assessing the Cost of the New GSE (Refi) LLPA

August 21, 2020
Dennis Hollier

In a new filing with the SEC, Mr. Cooper disclosed that after accounting for a modest increase in the value of its mortgage servicing rights, the new GSE LLPA will reduce the value of the loans in its pipeline by approximately $20 million...


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A Bit of a Drought in Non-QM Deals

August 21, 2020
Brandon Ivey

In the PIMCO deal, the loans have seasoned for an average of 14 months and 21.7% of borrowers are on forbearance/deferral plans.


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A Break Coming on the GSE Refi LLPA? Executives Not Happy

August 21, 2020
Paul Muolo

The best the industry can hope for is a delay in the Sept. 1 implementation date, some believe...


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Short Takes: Brickman and Frater Try to Clear the (LLPA) Air / Contrary to the Criticism / How Piper Sandler Views It / Someone Somewhere Pays / CRE REITs? / A New AFH Hire for JPM

August 20, 2020
Paul Muolo

Higher rates because of the new GSE refi LLPA? That's not how Freddie CEO David Brickman sees it...


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Still Alive: The Golden State’s Version of the CFPB

August 20, 2020
Yemeng Yang

The concept of a state-level CFPB was revived through a budget trailer bill on Aug. 4.


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