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Home » Topics » IMFnews » Originations

Originations
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JPM Has a New Mortgage (Consumer) Chief: Marianne Lake

April 18, 2019
Paul Muolo

The Lake promotion comes about two weeks after JPM Chairman and CEO Jamie Dimon in a letter to shareholders said the megabank is considering significant changes in its home lending operations...


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Ditech Discloses Limited Financials and It’s Not Pretty: A $105 Million Loss for February

April 18, 2019
Paul Muolo

The Ditech financial hole just got bigger...


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Short Takes: A ‘Perfect Storm’ Hammered Mortgage Profits / How Bad? Try 2008 / Ocwen Grants CEO Messina Stock Awards / Colony Set to Buy PFB Mortgage / Evolve Hires Former Wells Executive as Mortgage President

April 17, 2019
Paul Muolo

The negative factors include higher rates, lower originations, and rising expenses, resulting in the lowest net production income per loan reading since 2008...


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M&A Heats Up: Home Point Buys Wholesale Lender, RE Tech Firm Acquires Direct Funder

April 17, 2019

Willie Newman's Home Point seems to have acquisitions on its mind these days...


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Rates Creeping Back Up and That Means One Thing: Lower Applications

April 17, 2019
Paul Muolo

No one in the industry is hitting the panic button quite yet. After all, it’s the spring home buying season...


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360 Mortgage Plans Up to $1.0 Billion of No-Income, No-Asset Mortgages

April 17, 2019
Brandon Ivey

360 Mortgage is focusing on non-owner-occupied investment properties, which aren't subject to ability-to-repay requirements...


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Short Takes: A Record Non-QM Quarter for Angel Oak / $9.7B Under Management / Good News for FHFA, Bad News for HUD / Filling the Holes / Take Our Servicing Trivia Test

April 16, 2019
Paul Muolo
A record production quarter for Angel Oak...
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BofA Bucks the Trend, Reports Higher Residential Originations

April 16, 2019
Paul Muolo

Compared to 1Q18, first-lien production increased 21.6%...


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Deephaven Preps its Second Nonprime MBS of the Year

April 16, 2019
Brandon Ivey

Some 98 lenders contributed mortgages to the $369.73 million nonprime MBS, though only one was identified by rating services.


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Expanded-Credit MBS Issuance Hits Record in 1Q19

April 15, 2019
Brandon Ivey

Industry analysts expect the mini-boom in non-QM and EC MBS to continue...


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