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Home » Topics » IMFnews » Originations

Originations
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Ashmore's Vista Point Receives 'Average' Assessment from S&P

January 30, 2020
Brandon Ivey

Vista Point Mortgage was launched about a year ago by Bill Ashmore, the former president of Impac Mortgage Holdings.


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Ocwen/PHH Renegotiates Loan Terms as Share Value Dips

January 29, 2020
Paul Muolo

In a few weeks, Ocwen will report fourth quarter results. In trading Wednesday, its common was fetching $1.28 compared to a 52-week high of $2.45 and a low of $1.24.


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Flagstar: CFPB's QM Patch Solution Won't Be Disruptive

January 29, 2020
Brandon Ivey

Kristy Fercho of Flagstar said the bank is comfortable with the CFPB’s plans, noting the transition to a new measure for QM status should be “pretty easy to manage.”


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Short Takes: Framing the GSE Debate / 55 in 12 / Craig Phillips’ New Job / Flagstar’s Broker Partners / Mortgage Tech Vendor Gets New COO

January 28, 2020
Paul Muolo

To date, Odeon has published 55 comments on the GSEs in the past 12 months…


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Sprout's Expanded-Credit Originations Nearly Doubled in 2019

January 28, 2020
Brandon Ivey

Sprout funded $2.78 billion of originations in 2019, with an emphasis on non-qualified mortgages.


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A Flat Origination Quarter for Flagstar

January 28, 2020
Paul Muolo

Flagstar also revealed $4.9 billion of "flow” servicing sales during 4Q19...


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Rates Tumble as Stocks Sell Off in Wake of Coronavirus Fears

January 27, 2020
Paul Muolo

Some home lenders cut their rates this morning as fears over the Coronavirus accelerated...


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Sober Underwriting Standards on Expanded-Credit Collateral

January 27, 2020
Brandon Ivey

Over the last two years, the average credit score on mortgages in expanded-credit MBS was 726.8.


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CFPB Sues Mortgage Firms for Credit Report Fraud

January 24, 2020
Yemeng Yang

According to the complaint, Monster purchased more than 7 million credit reports from Experian between December 2015 and May 2017. The reports included consumers’ names, addresses, number of student loans and aggregate student loan balances.


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Non-Agency Warehouse Unit Bought by Massachusetts Bank

January 23, 2020
Paul Muolo

According to market observers, People's United is committed to agency and government-related warehouse finance and was happy to find a home for ResX and its six or so employees.


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