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Home » Topics » IMFnews » Originations

Originations
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Deephaven, Vista Point and Redwood Prep Non-QM Deals

June 11, 2020
Brandon Ivey

The planned MBS will be stocked with mortgages originated earlier this year, before volatility paused non-agency MBS issuance.


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17 Trade Groups Tell HUD: How About No Indemnifications for FHA Forbearance Loans?

June 10, 2020
Paul Muolo

The Mortgage Bankers Association has been silent on the issue, until now...


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A Robust CA-CFPB Still in the Works, Despite Anticipated Budget Shortfall

June 10, 2020
Yemeng Yang

California is expecting a massive budget shortfall because of the pandemic, but remains committed to funding a robust state-level CFPB...


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Wells Brings the Second Jumbo MBS Deal of 2Q20

June 10, 2020
Brandon Ivey

Wells Fargo is maintaining its steady issuance of jumbo MBS while other issuers largely avoid the market.


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Indicted Mortgage Veteran Ron McCord: 'The Truth Will Prevail'

June 9, 2020
Paul Muolo

Among the charges: McCord bounced checks to more than sixty taxing authorities and borrowers missed making their real estate tax payments...


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Life Stirs in M&A, Guaranteed Rate Arrives on the Scene as a Buyer

June 9, 2020
Paul Muolo

The nation's 16th largest originator is pondering acquisitions of all different sizes...


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Citadel Preps Relatively Small Non-QM MBS with Single-A Rating

June 9, 2020
Brandon Ivey

Citadel’s MBS received a preliminary A-rating from DBRS Morningstar with credit enhancement of 19.1% on the senior tranche.


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Caliber Affiliate Branches Out on Latest Non-QM MBS

June 8, 2020
Brandon Ivey

Mortgages from HomeXpress account for 18% of the pending $363.2 million non-QM MBS from Lone Star Funds.


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Correspondents Lose Share in Key Products During First Quarter

June 8, 2020
John Bancroft

Correspondent production of conventional-conforming loans fell 17.3% on a quarterly basis, reducing the channel’s share to 36.7%, the lowest reading in the past five years.


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The GSEs’ ‘Re-IPO,’ Not Exactly a Slam Dunk

June 8, 2020
Dennis Hollier

To some, the rule's $243 billion minimum leverage capital requirement means the GSEs can’t generate enough profits to attract investors...


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