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Home » Topics » IMFnews » Originations

Originations
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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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Top-50 Ranked NB Moves to Purchase Roscoe of Texas

June 15, 2021
Paul Muolo
No information was available on Roscoe’s residential business. Its home lending portfolio totals just $24 million.
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As a Profit Center, Servicing Turns a Corner as Production Profits Recede

June 15, 2021
John Bancroft
Much of the improvement came from three large nonbank servicers: Rocket Companies, Mr. Cooper Group and New Residential Investment...
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A Sign of the Times: Warehouse Commitments Begin to Ebb

June 14, 2021
Paul Muolo
But as always in the mortgage business, it’s not a matter of where you’ve been but where you’re going...
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GSE Business Tumbles in May as Refi Well Runs Dry

June 14, 2021
John Bancroft
Rate-term transactions, the bread-and-butter of the refi market, declined 33.6% in May. GSE purchases of cash-out refinances fell 18.1% from April.
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