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Home » Topics » IMFnews » Originations

Originations
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Short Takes: $100 Million in Expansion Money for Zero Down / We Buy it and You Lease It / Nice Share Gains for Fannie and Freddie / Santander Cuts Mortgage Jobs / A Correction

August 27, 2019

The share price of Fannie Mae and Freddie Mac common had been in the tank all summer but last week spiked upwards on the news that the Treasury Department plan to recap-and-release the two is now (reportedly) on the desk of Larry Kudlow...

 


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Low Interest Rates Not Enough to Boost Originations: Fitch

August 27, 2019
Brandon Ivey

A decline in interest rates typically helps increase mortgage originations, but this time is different, according to Fitch.


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Short Takes: Relief on MSR Hedging / Prepayment Rates Spike / More Refis Expected / CMG Growing in Texas

August 26, 2019
Brandon Ivey

The FDIC approved some relief for banks from the Volcker rule regarding hedging of mortgage servicing rights.


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Waters Plans Legislation to Increase Homeownership via FHA Mortgages

August 26, 2019
Brandon Ivey

Priorities for the House Financial Services Committee this fall include increasing access to homeownership via the FHA.


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GSE G-Fees Could be Tapped Again to Pay for a Tax Cut

August 26, 2019
Dennis Hollier

"What starts as a temporary 10 bps hike could become a material and permanent tax on housing," said Jaret Seiberg, a policy analyst at Cowen.


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New Nevada Law Would Subject Lenders to ECOA Liability

August 26, 2019
Brandon Ivey

The law would compel lenders to violate the Equal Credit Opportunity Act, according to the Mortgage Bankers Association.


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Mortgage Banking Income at Banks Increases in Second Quarter

August 26, 2019
John Bancroft
Mortgage banking income at banks increased by 14% in the second quarter, though income declined at several top banks.
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What We’re Hearing: Loan Brokers, the Swagger is Back / Hiding From Wholesale: Most Banks / What Would Jamie Dimon Say? / Olmem is the Man / Lifting the Pay Cap on GSE CEOs?

August 23, 2019
Paul Muolo

One GSE-related question that hasn’t been answered yet: If a recap and release plan becomes a reality, will Congress end the $600,000 pay cap on GSE CEO compensation? 


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Blend Scores Freddie Mac Partnership

August 23, 2019
Dennis Hollier

Then again, the partnership with Freddie isn’t exactly novel. The vendor has a similar arrangement with the GSE’s crosstown rival Fannie Mae…


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Boom Times for Better.com: Originations Spike, Firm Raises $160M. And ‘Help Wanted’ Too

August 23, 2019
Brandon Ivey

Better.com President Jerry Selitto told Inside Mortgage Finance the firm hopes to add 400 additional employees by yearend. Some of its workforce is in India…


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