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Home » Topics » IMFnews » Originations

Originations
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Lenders Still Hoping for Help on Mortgage Spread

December 8, 2023
Paul Muolo
While interest rates have declined in recent weeks, concerns persist about the wide spread between the 10-year Treasury rate and interest rates on mortgages.
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Short Takes: Jobs and Interest Rates / CFPB Servicing Rule Coming / Incenter Expands Advisory Services / Securitization of Proprietary Reverse Mortgages

December 8, 2023
Brandon Ivey
Despite a relatively strong jobs report, the MBA still anticipates that the Fed will begin to cut rates in the spring.
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USMI Leader Calls for Coordination on Housing Policy

December 7, 2023
Monica Hogan
Policymakers need better coordination between FHA and GSE policies, according to Seth Appleton, president of U.S. Mortgage Insurers.
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Freddie Streamlines Originations of Condo Loans

December 7, 2023
Dennis Hollier
Condo Project Advisor enhancements will allow lenders to determine whether a loan for a unit in a project is eligible for acquisition by Freddie within minutes.
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Short Takes: CU Expands Mortgage Offerings / Green Home Loans / Lower Rates and Affordability

December 7, 2023
Brandon Ivey
Alliant Credit Union is now offering government-insured mortgage products.
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Broker Share Declines in FHA/VA Markets

December 6, 2023
Brandon Ivey
Among a group of large lenders, the broker share of the government-insured market declined to 20.4% in the third quarter, down from 21.2% in the second quarter.
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Dimon: Regulators Unaware of Impact of Capital Proposal

December 6, 2023
Brandon Ivey
Jamie Dimon, chairman and CEO of JPMorgan Chase, raised concerns about a capital requirement proposal at a hearing in Congress Wednesday.
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McHenry Declines to Run for Reelection in House

December 6, 2023
Paul Muolo
Rep. Patrick McHenry, R-NC, is currently the chairman of the House Financial Services Committee.
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Non-QMs Gaining Traction With Borrowers, LOs

December 6, 2023
James Dohnert
“There’s just incredible pent-up demand right now,” said Aaron Samples, chief revenue officer of Logan Finance.
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Short Takes: Application Trends / Lumber Costs and Buydowns / Discounted Rates at KeyBank / PennyMac’s Debt Issuance / REIT Merger Finalized

December 6, 2023
Brandon Ivey and Paul Muolo
Refi applications are up on an annual basis while purchase-mortgage demand lags.
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