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Home » Topics » IMFnews » Originations

Originations
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Jumbo Originations Gain Market Share in Second Quarter

September 15, 2023
John Bancroft
An estimated $50 billion of jumbo mortgages were originated in the second quarter.
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Short Takes: Interest Rates Move Up / Home Sales Scuttled / Some Relief Expected / loanDepot Looking to Grow

September 15, 2023
Brandon Ivey
The average interest rate on a 30-year fixed-rate mortgage hit 7.18% this week.
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ARM Originations Lose Some Market Share in Second Quarter

September 14, 2023
James Dohnert
ARMs accounted for 13.8% of first-lien originations in the second quarter.
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Saluda Grade Ramps Up Home Equity Investments

September 14, 2023
James Dohnert
Saluda Grade has announced new funding for its HEI business and is set to issue a HELOC securitization.
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CFPB Analysis Cites Concerns With Reverse Mortgage Ads

September 14, 2023
Monica Hogan
The CFPB examined direct mail ads for reverse mortgages.
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Short Takes: Chase Stocks Jumbos in MBS / Approvals in 5 Minutes / Share of ‘Overvalued’ Homes Declining / New Advisory Committee at FHFA

September 14, 2023
Brandon Ivey
Chase originated all of the mortgages in its latest jumbo MBS.
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Trade Groups Seek More Details, Delay on Capital Proposal

September 13, 2023
Brandon Ivey
Banking trade groups also called for a re-proposal or a new 120-day comment period.
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Shift to Bi-Merge Score Model Might Not Be Dramatic

September 13, 2023
Dennis Hollier
Kroll Bond Rating Agency looked at about 220,000 loans to more than 300,000 borrowers to assess the impact of going from tri-merge credit scoring to bi-merge.
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Short Takes: Refi Demand Down / MIAC Settles With SEC / Fannie Selling Reperforming Loans / Goldman’s Stake in Better / Lender M&A

September 13, 2023
Brandon Ivey and Paul Muolo
Demand for refis fell to a level seen at the beginning of the year...
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Expanded-Credit Originations Up in Second Quarter

September 12, 2023
James Dohnert
Expanded-credit mortgages accounted for 2.5% of total first-lien originations in the second quarter.
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