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Home » Topics » IMFnews » Originations

Originations
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Lower Profits for Nation's #3 Originator, UWM. MSRs Bolster Weaker Originations

August 9, 2022
Brandon Ivey
UWM's gain-on-sale margin totaled 99 basis points in the second quarter. Management estimates a GOS of 30 bps to 60 bps in 3Q22...
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HUD Explores Expanding CDFI Access to Ginnie Mae

August 9, 2022
Monica Hogan
The task force is looking at administrative actions it can take to boost CDFI participation in the Ginnie Mae program...
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Volatility in Expanded-Credit Market Shakes Up MBS Contributors

August 8, 2022
Brandon Ivey
Among the top five contributors to expanded-credit MBS in 2021, only two cracked the top five in 2Q22...
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A Huge 2Q Revenue Drop for Rocket as Declining Refis Take Their Toll

August 5, 2022
Paul Muolo
The results, released after the closing bell Thursday, also revealed a respectable 2Q22 gain-on-sale margin of 292 basis points...
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Short Takes: Plenty of Jobs, Just Not Mortgage Jobs / Other Opportunities / The Guild GOS Story / MSRs for Sale / More Expansion for Falcon

August 5, 2022
Paul Muolo
The rate reprieve isn’t enough to eliminate the staff reductions that are now going on at most shops.
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Ocwen’s Income Declines in Second Quarter

August 4, 2022
Brandon Ivey
Income from MSR markups declined and origination units took losses in the second quarter.
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Mortgage Earnings Decline by 39% at Publicly Traded Banks

August 3, 2022
Brandon Ivey
Declining originations and margin cut into mortgage-related earnings at 24 key lenders.
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PennyMac’s Income Dips in 2Q, Servicing Still Key

August 3, 2022
Brandon Ivey
The bulk of PennyMac's income in the second quarter of 2022 was tied to servicing.
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Rithm’s Break From Fortress Prompts Loss in Second Quarter

August 2, 2022
Brandon Ivey
The REIT paid a $325 million fee to an affiliate of Fortress Investment Group to shift to internal management.
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Short Takes: Rocket Launches HEL; Flagstar Merger Update; Financing Energy Efficiency

August 1, 2022
Brandon Ivey
Rocket's new home-equity loan; NYCB waiting for regulatory approval on Flagstar merger; homeowners looking for financing for energy efficiency improvements.
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