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Home » Topics » IMFnews » Originations

Originations
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Congress Working on HUD Budget That Won't Outpace Inflation

June 6, 2023
Monica Hogan
Funding for the Department of Housing and Urban Development is expected to be remain static in 2024 compared to this year’s levels.
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Short Takes: Chase’s $200 Offer; Home-Price Appreciation Outlook; Non-QM MBS; Balbec’s Scratch-and-Dent Deal

June 6, 2023
Brandon Ivey
In certain areas, Chase is offering mortgage shoppers $200 to consider a mortgage from the bank.
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A Not-So-Bad Decline in 1Q23 EC Production

June 5, 2023
Brandon Ivey
The top three expanded-credit volume leaders in 1Q23: Citibank, U.S. Bank and Deephaven...
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Purchase-Mortgage Share Hits 85% in First Quarter

June 2, 2023
John Bancroft
The purchase-mortgage share is growing as refinance business dwindles.
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Biden Administration Proposes Rule on Automated Valuation Models

June 2, 2023
Sam Manas
Vice President Kamala Harris announced the issuance of a joint rulemaking proposal on automated valuation model use in assessing transaction collateral, as well as several other coming developments in the appraisal space.
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To Boost Non-QM Lending, Educate Loan Originators

June 2, 2023
James Dohnert
“MLOs don’t want to touch non-QM if they don’t have to,” said Aaron Samples, the former CEO of First Guaranty Mortgage.
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Short Takes: Strong Economy Pushing Interest Rates Up / Potential Borrowers Waiting / Planet Home Expands Retail Footprint / Fractional Home-Equity Tokenization

June 2, 2023
Brandon Ivey
The market has priced in the likelihood of another Fed rate hike...
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Mortgage Income at Nonbanks Choppy in First Quarter

May 31, 2023
John Bancroft
Half of the 16 public nonbanks posted losses in the first quarter.
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Influx of GSE Repurchase Requests May Not Reflect Policy Changes

May 31, 2023
Dennis Hollier
Fannie and Freddie believe the surge in repurchase requests simply reflects market trends.
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Short Takes: Applications Wane / FHFA RFI on Tenant Protections / DSCR Calculations / Forgivable Second Lien

May 31, 2023
Brandon Ivey
Interest rates go up again, mortgage applications go down again.
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