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Home » Topics » IMFnews » Originations

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Fannie and Freddie Will Need Investors. Is Warren Buffett Waiting in the Wings?

October 4, 2019
Paul Muolo

Of course, mortgage historians know that Berkshire took a bite at the GSE apple a few decades back. In 2000, Berkshire was one of the largest shareholders in Freddie...


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Connecticut Call Center Lender, State in Licensing Dispute

October 4, 2019
Yemeng Yang

1st Alliance CEO John Dilorio disputed the interpretation, noting that unlicensed call center workers had no ability to choose a program, lock a mortgage rate, process underwriting findings or present loan terms to borrowers.


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RMF to Issue Non-Agency MBS Backed by Newly-Originated Reverse Mortgages

October 4, 2019
Brandon Ivey

The MBS from Reverse Mortgage Funding will be the first post-crisis deal backed by newly-originated proprietary reverse mortgages.


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Short Takes: Analyst Bove: The Net Worth Sweep Has Not Been Eliminated / Free Money? / Who’ll Stop the Rain? (GSE Shares) / Oklahoma, Where the Mortgages Come Sweeping Down the Plain

October 3, 2019
Paul Muolo

JMP Securities has a “market perform” rating on Impac Mortgage, the publicly traded nonbank that’s trying to carve out a space for itself in the non-QM sector but can’t resist the temptation of reaching for GSE refis...


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Flagstar Hires Mr. Cooper Executive to Lead Warehouse Finance

October 3, 2019
Paul Muolo

Prior to joining Flagstar, Neufeld spent more than five years as SVP and treasurer of Mr. Cooper, where he managed the nonbank’s warehouse lines and was responsible for oversight of all treasury functions…


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Quicken Affiliate to Issue its First Non-Agency MBS

October 3, 2019
Brandon Ivey

In recent years, mortgages funded by Quicken have been included in prime non-agency MBS issued by others, but this is the first deal backed solely by loans originated by Quicken and serviced by the firm.


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Spurred by Refis, Agency MBS Issuance Climbs to 11-Year High

October 3, 2019
John Bancroft

The biggest growth in the agency mortgage market during the third quarter of 2019 came from increases in refinance lending…

 


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Another Big Month for Ginnie MBS Issuance

October 2, 2019
John Bancroft

Ginnie Mae MBS issuance totaled $50.4 billion in August, the best monthly reading of the year…


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Can the Non-Agency Market Absorb the GSE Slack? Experts Not So Sure, Including a Former Freddie CEO

October 2, 2019
Dennis Hollier

Former Freddie CEO Don Layton took issue with the plan’s basic premise that if the footprint of the GSEs shrinks, private capital will move in to take up the slack...


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Ditech Completes Sale of ‘Forward’ Assets to New Rez, Including $62B of MSRs

October 2, 2019
Paul Muolo

New Residential will assume some of Ditech’s office space and roughly 1,100 workers will be offered employment at the REIT.


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