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Home » Topics » IMFnews » Originations

Originations
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HELOCs From UWM, loanDepot Fuel Chase’s MBS

December 21, 2023
Brandon Ivey
It's the third securitization from JPMorgan Chase this year with HELOCs from nonbanks.
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Short Takes: ‘Overvalued’ Share of Homes Increasing / Existing Home Sales Up / FHA/VA Delinquencies Rising / National Strategy for Financial Inclusion

December 21, 2023
Brandon Ivey
Homes in 88% of metropolitan statistical areas in the country are overvalued, according to Fitch Ratings.
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Mixed Trends in Jumbo Lending as Retail Production Declines

December 20, 2023
James Dohnert
The retail channel lost share to the correspondent and broker channels in the jumbo market in the third quarter.
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Strong Demand for Mortgages Tied to New Homes

December 20, 2023
Brandon Ivey
Applications for purchase mortgages for new homes were up in November while total purchase-mortgage application volume was down on an annual basis.
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Short Takes: Applications Slow / loanDepot’s New Line of Credit / Another Loss on Old MBS / Stellar Innovations / Correction

December 20, 2023
Brandon Ivey and Paul Muolo
Loan applications declined even as interest rates came down further.
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FHA/VA Lending Stands Out in Third Quarter

December 19, 2023
Monica Hogan
FHA's share of the FHA/VA market hit 61.5% in the third quarter, the highest level in at least 10 years.
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Navy Federal Retains Civil Rights Lawyer for Lending Assessment

December 19, 2023
Brandon Ivey
Debo Adegbile, the lawyer retained by Navy Federal, is a former commissioner on the United States Commission on Civil Rights.
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Consumer Groups Happy With New CDFI Certification Process

December 19, 2023
James Dohnert
Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.
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Short Takes: Slow Recovery Expected / Mild Recession? / Home Price Appreciation Slows / New Expanded-Credit MBS

December 19, 2023
Brandon Ivey
Fannie Mae expects a slow pace of recovery from previously recessionary levels of housing activity.
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CrossCountry Strikes a Deal in Texas? Looks That Way

December 18, 2023
Paul Muolo
Ron Leonhardt founded the acquisition-minded CrossCountry Mortgage in 2003...
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