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Home » Topics » IMFnews » Originations

Originations
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Retail-Sourced Mortgages Continue to Have Higher Credit Scores

February 19, 2020
John Bancroft

But there were some hiccups in the overall trend. For starters, refi loans originated in the retail channel actually had slightly lower average credit scores than correspondent- and broker-originated refinances…


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Non-Agency MBS Market Heats Up Ahead of Vegas SFA Conference

February 19, 2020
Brandon Ivey

Presale reports for 15 deals totaling $6.07 billion have been published this month, and more transactions are in the works.


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Nonbanks Grab the Mantle on Social Media, Banks Not So Much

February 19, 2020
Yemeng Yang

Most megabanks are mum on their social media policy as it pertains to residential loan officers…


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Global Investment Fund HPS Closes on Citadel Servicing Deal. CEO Perl ‘Retires’

February 18, 2020
Paul Muolo

HPS named Kyle Gunderlock, CSC’s president and chief operating officer, to succeed Perl as CEO.


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A Slight Sequential Decline in Fannie/Freddie MBS Issuance

February 18, 2020
John Bancroft

Still, January production was more than double the volume produced by the two GSEs in the first month of 2019.


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Angelo Gordon's New EC MBS Includes Potpourri of Loans

February 18, 2020
Brandon Ivey

Angelo Gordon's GCAT 2020-NQM1 includes non-QMs, investment-property loans exempt from QM standards and mortgages originated by CDFIs, which reduce risk-retention requirements.


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20% of PennyMac Now in the Hands of Two BlackRock Charities

February 14, 2020
Brandon Ivey

BlackRock CEO Larry Fink: “Our strategic investment in PennyMac 12 years ago was part of an effort to help our clients access opportunities in the residential mortgage market…”

 


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Wells Fargo’s New Mortgage Chief Comes from Arch Rival JPM

February 14, 2020
Paul Muolo

Industry consultant Paul Hindman on Mike Weinbach, the new Wells Fargo mortgage chief: “He’s s out to control the messaging. His goal will be to get immediate results.”


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In the G-Fee Race, Freddie Finishes First

February 14, 2020
John Bancroft

Fannie’s average g-fee in the fourth quarter was up as well, but by just one basis point.


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Mortgage Broker Market Share Reaches a Milestone: Best Since the Financial Crisis

February 13, 2020
John Bancroft

An estimated $334.0 billion of home loans were originated through the wholesale-broker channel last year, a 76.7% gain from 2018.


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