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Home » Topics » IMFnews » Originations

Originations
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Expanded-Credit Lending Gets Caught in the Coronavirus Downdraft

June 2, 2020
Brandon Ivey

“It was a tough three or four weeks in this business,” said Steve Abreu, president of NewFi Lending...


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Sterling Prepares to Repurchase Non-QMs from Secondary Market Investors

June 2, 2020
Brandon Ivey

Sterling Bank and Trust increased reserves in case the bank has to buy back non-QMs with faulty underwriting.


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On the Mend: Non-QM MBS Issuance

June 1, 2020
Brandon Ivey

Investor appetite for the MBS has been relatively strong. The Angel Oak paper was oversubscribed.


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Short Takes: Anxious About the Self-Employed? / Two Bank Statements Required / A Very Fortunate Industry? / When A Borrower Loses Their Job / The SOFR Playbook

May 29, 2020
Paul Muolo and Dennis Hollier

How worried should lenders be about the self-employed and small business owners?


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Senate Democrats Query FHFA and CFPB on COVID-19 Forbearance

May 29, 2020

The senators write: “The CFPB and FHFA must also have plans to use their respective tools and authorities to immediately address trends that indicate borrowers are receiving inaccurate information or unequal treatment, or that servicers are not complying with the law.”


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Non-QM Lenders Return, but Carefully. NewFi Lowers Its LTV Max to 60%

May 29, 2020
Brandon Ivey

After the pandemic changed its worldview, NewFi lowered its LTV on non-QM offerings to 60%...


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MBA Cautiously Optimistic Annual Convention Will Be Held in Chicago

May 29, 2020
Yemeng Yang

Conferences, exhibit halls and the sponsorships that go along with them are an important source of revenue for many trade groups...


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Mr. Cooper Discloses a Whopping 300 BP GOS for 2Q20

May 28, 2020
Paul Muolo

Industry consultant Paul Hindman called the profit margin news from Mr. Cooper "phenomenal."


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New GSE Capital Rule Too Conservative for Investors?

May 28, 2020

Among the critics of the newly issued capital framework: Don Layton, Freddie Mac's former CEO...


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Jumbo Mortgage Market Took It On the Chin in 1Q20

May 28, 2020
John Bancroft

Wells Fargo led the jumbo pack in 1Q20 but its volume fell 23.1% on a sequential basis...


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