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Home » Topics » IMFnews » Originations

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Chimera Back in the Non-Agency MBS Market with GSE-Eligible Loans

August 9, 2021
Brandon Ivey
While numerous other issuers have rushed into the market with GSE-eligible loans in non-agency MBS, this is Chimera's first such deal of the year.
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Higher Ginnie Mae Requirements Could Spell Trouble for MSRs

August 9, 2021
Paul Muolo
Commercial banks could, once again, become big players in the GNMA MSR market but few find that likely...
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Agency MBS Issuance Down in July Despite Ginnie Mae Gain

August 6, 2021
John Bancroft
The two GSEs securitized $98.14 billion of refi loans in July, the lowest monthly volume since March of last year, when the Federal Reserve sparked a massive refi market by pushing interest rates to record lows.
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Not a Pretty Picture for the Mortgage IPO Class of ’20-21

August 6, 2021
Paul Muolo
It's hard out there for a publicly traded mortgage company, especially for the recent IPO class...
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PennyMac is Not Immune. 2Q Results Affected by MSR Marks, Lower GOS

August 6, 2021
Brandon Ivey
In 2Q, margins compressed at PennyMac and the value of its MSRs fell sharply. Sound familiar?
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New York Emerges as a Battleground on Nonbank CRA

August 5, 2021
Lisa Burden
The proposed legislation has passed both chambers of the New York Assembly and awaits the governor’s consideration.
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Flagstar Top Contributor to Expanded-Credit MBS in 2Q21

August 4, 2021
Brandon Ivey
Some $1.12 billion of ECMs originated by Flagstar were included in non-agency MBS during 2Q21. The lender is slated for sale to NYCB.
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NJ Nonbank Sets Merger With Fintech Shop Figure

August 4, 2021
Brandon Ivey
Homebridge ranks 35th among all home lenders, according to Inside Mortgage Finance...
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Citi Recruits Liz Bryant from Wells Fargo to Head Mortgage Sales

August 4, 2021
Monica Hogan
Back in April, Citi hired J.R. Russell, head of consumer direct lending, away from Wells where he served in a similar role.
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An Across-the-Board Drop in Mortgage Complaints

August 4, 2021
Lisa Burden
On the origination side of the ledger, issues with loan applications decreased 7.0% to 1,613...
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