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Home » Topics » IMFnews » Originations

Originations
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Rich Man, Poor Man (A Study of Refis)

April 16, 2021
Dennis Hollier

Historically, rich and poor borrowers have had roughly the same likelihood of refinancing: a probability of 1.14%.


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Caliber's Sale Price of 1.0x Book Raises Some Eyebrows

April 16, 2021
Paul Muolo

If Caliber's MSR portfolio of $152.7 billion is valued at 100 basis points, that translates into a value of $1.52 billion, at least...


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An Origination Decline for Jumbo Specialist FRB

April 16, 2021
Paul Muolo

On the home-equity lending side of the aisle, the San Francisco-based bank funded $623.6 million worth of seconds, a slight increase from 4Q20...


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A Nice Comeback for Non-Agency MBS Issuance in 1Q21

April 16, 2021
John Bancroft

JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance...


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Short Takes: Nice Earnings for a Megabank / BofA and Home-Equity Lending / Some History / The Caliber Termination Fee / New Residential’s 1Q21 Results

April 15, 2021
Paul Muolo

The termination fee on the NRIC-Caliber deal: $25 million.


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Ending the GSE 'Patch': Now What?

April 15, 2021
Dennis Hollier

As might be expected, the move rattled lenders who are now trying to figure out the ramifications of a patch-less mortgage world...


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How to Pay for Caliber? Sell More Stock, Of Course…

April 15, 2021
Paul Muolo

What some may have forgotten: Last fall, NRIC submitted a confidential S-1 on its mortgage banking affiliate NewRez but the IPO never came off...


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Study Finds Refis Mainly Benefit the Rich

April 15, 2021
Dennis Hollier
Researchers looking at proprietary Freddie Mac data found that the wealthiest 10% of borrowers saved $5 billion more on their mortgage refinances in 2020 than all other borrowers combined.
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MBA Lobbying Against PSPA Provisions that Limit Loan Sales

April 14, 2021
Dennis Hollier

In a sign of frustration, on Tuesday the MBA turned up the volume, asking members of the Mortgage Action Alliance, its main lobbying arm, to call their congressman...


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Better.com Secures a $500 Million Commitment from SoftBank

April 14, 2021
Paul Muolo

According to figures compiled by Inside Mortgage Finance, Better – which is just five years old – ranks 36th among all home originators.


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