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Home » Topics » IMFnews » Originations

Originations
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Notable: Quick Turn Times for New Prime Non-Agency MBS

June 18, 2021
Brandon Ivey
“In 10 states, our purchases already equal or exceed amounts in those geographies in each of 2018 and 2019,” Redwood said of its acquisitions of jumbos in 2021. “Loan purchases in these 10 states represent almost 30% of our year-to-date 2021 volume.”
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Mortgage Industry Facing a Rise in Cyberattacks

June 18, 2021
Mitch Tanenbaum, chief information security officer at Turnkey Cybersecurity and Privacy Solutions, said small to medium-sized shops with no infrastructure to combat such assaults have been the most susceptible.
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Short Takes: Ocwen Strikes Again in M&A / Expanding Its Reverse Universe / (Recent) Past Deals / Denial Rates Released Via HMDA / New Hires for Deephaven Mortgage

June 18, 2021
Paul Muolo
Ocwen has its check book out. Who's next on its buying ist?
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Angel Oak REIT Scales Back IPO Offering

June 17, 2021
Brandon Ivey and Paul Muolo
Originally, the Atlanta-based firm, hoped to sell 8.05 million shares of common at a range of $20.00 to $21.00 per unit.
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Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC

June 17, 2021
Lisa Burden and Paul Muolo
No Fed rate hikes until 2023? Sure, why not...
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Fannie Negotiating With Seller/Servicers on Investor-Loan Cap. Some Told 3% is the New Normal?

June 16, 2021
Paul Muolo and Dennis Hollier
A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...
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Loan Repurchases Spike Higher in Bank Mortgage Bank Units

June 16, 2021
John Bancroft
Most of the jump in bank repurchases in early 2021 came from USAA Federal Saving Bank...
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GOS Margins Get Squeezed. The First Victim: TPOs

June 16, 2021
Brandon Ivey
Lending through third-party originators, particularly wholesalers, has experienced the most margin compression, according to Baron Silverstein of NewRez...
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Lenders: Risk-Retention Link Between QMs and QRMs Should Stay

June 16, 2021
Brandon Ivey
The feds were slated to start reviewing the rules in 2020 but put the examination on hold pending the revision of QM standards.
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Home Mortgages Playing a Larger Role at SoFi

June 15, 2021
Brandon Ivey
In 1Q21, the San Francisco-based SoFi originated $735.6 million of mortgages, accounting for 28.9% of total loans produced.
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