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Home » Topics » IMFnews » Originations

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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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Retail Lending Soars in 2Q20 While Correspondent Wanes...

August 20, 2020
John Bancroft

In a nutshell, retail lenders gorged on refis: Roughly 62.8% of refi loans securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter came through the channel...


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Senators Ask FHFA to Withdraw GSE Refi LLPA Immediately

August 20, 2020
Paul Muolo

The senators said they find it distressing that such a large fee would be introduced “with no consultation with Congress and no notice to external stakeholders.”


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Short Takes: LLPA Relief on the Way? / The White House is Aware / But Profit Margins are Strong… / With a Little Help from Their Friends / A Promotion at MGIC

August 19, 2020
Paul Muolo

A basic question: Will Treasury step in to change the trajectory of the new GSE refi fee? (The mainstream media has finally discovered the story.)


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Big Profit Gains for Nonbanks in 2Q20 (Even without Rocket)

August 19, 2020
John Bancroft

Gain-on-sale margins went through the roof in the second quarter for all involved...


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CBO Not So Bullish on a GSE IPO

August 19, 2020
Dennis Hollier

CBO, in a report that received little notice, based its estimates on a variety of assumptions about the companies’ retained earnings, capital requirements and more...


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CFPB Proposes New QM Category Based on Seasoning

August 18, 2020
Brandon Ivey

To meet the qualifications for a seasoned QM, a loan must be held by the creditor for at least 36 months after origination and have no more than two 30-day delinquencies during that time period...


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