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Home » Topics » IMFnews » Originations

Originations
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Outlook for Purchase Mortgages Subdued Even With Rate Cut

September 18, 2024
Brandon Ivey
Originations of purchase mortgages are forecast to increase by 15% on an annual basis in 2025.
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HUD Partners With Zillow to Promote Housing Counseling

September 18, 2024
Monica Hogan
HUD's Office of Housing Counseling is partnering with Zillow to display HUD’s “Let’s Make Home the Goal” on Zillow's digital platforms.
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Investor Demand Fueling HEI Securitization

September 18, 2024
Brandon Ivey
Khalil Kanaan, head of residential mortgage at LibreMax, an asset manager that has invested in home equity investments, said the products offer unlevered returns in the low double digits.
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Short Takes: Mortgage Demand Grows / Many Borrowers Look Refi Ready / Outlook Improves for Provident Funding / Bulk MSR Offering / Non-QM MBS From Balbec, Morgan Stanley

September 18, 2024
Brandon Ivey
Loan applications are increasing as mortgage interest rates decline.
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Banks Add to First-Lien Holdings in Second Quarter

September 17, 2024
James Dohnert
Growth in first-lien holdings occurred outside of the top three banks, which all shrank their portfolios in the second quarter.
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Warren, Waters Seek Answers From Trade Groups on CRA Lawsuit

September 17, 2024
Brandon Ivey
“These rules must be updated, and your efforts to stop regulators from doing so is unjustified and harmful,” Sens. Elizabeth Warren and Maxine Waters wrote in a letter to the Chamber of Commerce and the American Bankers Association.
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Rocket Looks to Chip Away at UWM’s Share With Brokers

September 17, 2024
Brandon Ivey
In the first six months of 2024, Rocket had a market share of 10.5% in the wholesale channel, according to estimates by Inside Mortgage Finance, while United Wholesale Mortgage’s market share stood at 43.1%.
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Short Takes: Unison Partners With Carlyle on Equity-Sharing Product / Jumbo MBS From Chase / Angel Oak’s Latest MBS / Ratings Help Fix-and-Flip Securitizations

September 17, 2024
Brandon Ivey
Carlyle, an investment firm, agreed to purchase up to $300 million of Unison's new equity-sharing mortgage products.
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Brokers Lose Some Market Share in Second Quarter

September 13, 2024
Brandon Ivey
The broker share of originations declined from 19.1% in the first quarter to 18.2% in the second quarter, according to a new ranking and analysis by Inside Mortgage Finance.
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Short Takes: Rates Down More Than 50 BP Since August / 2025 Loan Limits / Modernizing Housing Counseling / GSE Reform Possible by 2027?

September 13, 2024
Brandon Ivey
The average interest rate on a 30-year fixed-rate mortgage declined to 6.20% this week, according to Freddie Mac.
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