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Home » Topics » IMFnews » Originations

Originations
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Earnings Decline for the GSEs in 3Q but Net Worth Keeps Heading North

October 29, 2021
Paul Muolo and Dennis Hollier
Wards of the Uncle Sam since the fall of 2008, these days the two government-sponsored enterprises are considered instrumentalities of the executive branch with little prospect of their conservatorships ending.
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Investor Demand for Prime Non-Agency MBS Softens

October 29, 2021
Brandon Ivey
Demand for non-agency MBS can be measured by how new issuance prices compare to a benchmark rate.
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Downpayment Assistance Spending Outlined in BBB Framework

October 29, 2021
Monica Hogan
Individual DPA grants could reach 10% of a home’s purchase price or $20,000, whichever is greater.
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3Q Originations Top $1T Yet Again. A New World Record On the Way?

October 28, 2021
John Bancroft
Barring an implosion over the next two months, 2021 will set a new world record, likely topping $4.5 trillion in annual originations.
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A 31% Earnings Drop for Mr. Cooper, An Aggressive MSR Mark of 121 BPs

October 28, 2021
Paul Muolo
Mr. Cooper values its MSRs at $3.66 billion, up from $3.31 billion 90 days earlier...
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Redwood Boosts Margins on Jumbos in Third Quarter

October 28, 2021
Brandon Ivey
Redwood's margin on residential mortgage banking activities in the third quarter of 2021 was 122 basis points, up from 98 bps...
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The Latest Tally on Housing in the BBB: $150B

October 28, 2021
Monica Hogan
The White House called the new framework the largest single investment in affordable housing in U.S. history...
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CFPB Director Expresses Concern Over Mortgage Refinancing Market

October 28, 2021
Sam Manas
In particular, Chopra wants to hear from local lenders on how to stimulate refinancing, especially for communities of color.
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Flagstar’s Margins and Servicing Marks Improve

October 27, 2021
Brandon Ivey
The NYCB acquisition of Flagstar won't close until next year...
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Since the Pandemic's Start, Consumer Complaints Have Soared

October 26, 2021
Andras Malatinszky
In mid-October, the CFPB registered its one millionth credit reporting-related grievance since the inception of its consumer complaint database in 2011.
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