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Home » Topics » IMFnews » Originations

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Non-Agency Jumbo Lending Pulls Ahead, GSEs Stub Their Toe

December 9, 2021
John Bancroft
In 3Q21, Fannie, Freddie and Ginnie securitized $77.94 billion of agency-jumbo loans made to borrowers in high-cost markets, a 3.9% decline from the previous period.
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Long Odds of Better.com Becoming a Public Entity?

December 9, 2021
On paper, Better.com is worth more than PennyMac Financial Services, but will investors buy that argument?
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Resignations at Better.com as Founder Tries to Smooth Things Over

December 8, 2021
Paul Muolo
Regarding the apology, one human resources executive said Garg’s new email is “too little, too late. I think Garg now realizes he made a tragic mistake.”
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Rocket’s Jumbo MBS Issuance Heading Back To Earth

December 8, 2021
Brandon Ivey
Redwood recently issued a jumbo MBS sized at roughly $1.0 billion, while the new offering from the nonbank is somewhat smaller.
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Better’s Competitors to the Rescue in Layoff Saga?

December 7, 2021
Paul Muolo
Better.com still hopes to go public via a special purpose acquisition company maneuver...
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Redwood Calls for Revision on How GSE Loan Limits Are Calculated

December 7, 2021
Brandon Ivey
FHFA should use its authority to constrain GSE acquisitions of high-balance mortgages, according to Redwood Trust.
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Ginnie Mae Issuance Weakens in November, Mods Boost FHA

December 7, 2021
John Bancroft
FHA volume was incrementally higher in November, while deliveries of VA, Native American and rural housing loans were lower.
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NMLS Renewals for LOs Slowed by System Errors

December 7, 2021
Sam Manas
MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.
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Expanded-Credit Mortgage Originations Up 24% in 3Q21

December 6, 2021
Brandon Ivey
The ECM gain came as overall production fell 2.8% from the second quarter to the third...
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FHA Catalyst Default Monitoring System Delayed

December 6, 2021
Monica Hogan
The FHA wants Catalyst to serve as a single platform for lenders to interact with the administration in an effort to lower costs and reduce risk and fraud.
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