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Home » Topics » IMFnews » Originations

Originations
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Short Takes: A New Name for SFIG and a Keen Focus on the ‘QM Patch’ / It’s Good to be Goldman / Better.com Hires Buell to Run B2B Platform / NDA Not Part of the Sale to Pretium / First Trucks, Then Mortgages / Situs and AMC to Merge

June 20, 2019
Paul Muolo

Better.com’s other major backer is Citigroup. Better recently hired industry veteran William Buell to head the nonbank’s B2B platform. Buell has a deep resume, including stints at Bank of America, JPMorgan Chase and FirstKey…


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loanDepot Plans to Hire 1,400 by Year-End

June 20, 2019
Brandon Ivey

loanDepot offers paid apprenticeships for entry-level employees and an Uber-like model that allows employees to work "anytime, anywhere, on their own schedule."


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Short Takes: Chairman Powell, Do You Mind Staying on as Janitor? / That Was Then, This is Now / Waiting on the FOMC / A Big Promotion at Fannie Mae / Cuts at Fifth Third / Dave Jeffers’ New Job

June 19, 2019
Paul Muolo

Fannie Mae this week promoted Strategy Advisor Andy Peters to vice president and head of single-family strategy. He joined the government-sponsored enterprise last fall...


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On the Mend Big Time: The Wholesale-Broker Channel Posts Big Gains (UWM)

June 19, 2019
John Bancroft
The surging broker channel is attributable to rapid growth at United Wholesale Mortgage, by far the largest platform in the business. According to IMFresearch, no other table-funder comes close.
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A Kinder, Gentler CFPB Provides More Transparency on Civil Investigative Demands

June 19, 2019
Yemeng Yang

In May, the bureau published nine orders partially modifying CIDs issued over the past few years.


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Short Takes: Behind the Scenes at Ditech / Moelis & Company? Why is that Name Familiar? / Fans at Treasury / Craig Phillips Has Left the Building / More from MBA on its Index

June 18, 2019
Paul Muolo and Brandon Ivey

The name Moelis should be familiar to mortgage professionals, especially those keeping tabs on Fannie Mae and Freddie Mac.


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FHFA Sues Wells Fargo in Legacy Subprime Case

June 18, 2019
Dennis Hollier

According to court filings, Wachovia Capital Markets, which served as one of the underwriters and book-runners for the NovaStar deals, provided investors with misleading statements in its SEC registrations and offering documents.


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Lenders Anxious About ‘Expanded’ Release of HMDA Data

June 18, 2019
Yemeng Yang

Anurag Agarwal, president of compliance risk analysis at Asurity Technologies, warned of an increase in regulatory examinations and fair lending inquiries from community groups and the media once the complete data set is available to the wider public.


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New Rez Makes $1B Bid for Ditech Assets. Reverse Unit Will Be Sold As Well

June 18, 2019
Paul Muolo

As part of Ditech’s dissolution, the company also disclosed that its reverse lending division – Reverse Mortgage Solutions – will be sold via a stock and asset deal to Mortgage Assets Management LLC for an undisclosed sum.


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Pretium Inks Deal to Buy Non-QM Lender Deephaven

June 18, 2019
Brandon Ivey

Varde partnered with Deephaven in 2014 to help fuel the lender's origination of non-QM loans. Pretium is a signficant player in the single-family rental market. Last fall the firm agreed to buy specialty servicer Selene Holdings from Lew Ranieri and his partners.


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