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Home » Topics » IMFnews » Originations

Originations
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VA Proposes Temporary Partial Claim Option to Help Distressed Borrowers

December 8, 2020
Brandon Ivey

The proposal is modeled after the FHA's partial claims program, though there are differences...


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Depositories Enjoy a Sweet 3Q20 of Mortgage Banking Income

December 7, 2020
John Bancroft

Those top three banks increased their mortgage banking income by a combined $1.35 billion — or nearly 60% of the industry’s $2.29 billion increase during the third quarter.


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MFA Stocks Another MBS with (Slightly) Seasoned Non-QMs from Citadel

December 7, 2020
Brandon Ivey

Nearly 30% of borrowers with loans in the deal have received forbearance or a deferral. The servicer, Citadel, will not make advances on delinquent payments.


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Hedge Fund Buys Into Flagstar

December 4, 2020
Paul Muolo

Flagstar, a top-20 player in mortgages, recently posted a handsome $222 million profit for the third quarter.


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Waiting for Word from Caliber on an IPO Date

December 4, 2020
Paul Muolo

A few weeks back, Caliber CEO Sanjiv Das was part of an online panel on affordable housing. The other panelists: former President Bill Clinton and Atlanta Mayor Keisha Lance Bottoms...


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Fannie and Freddie Lift Agency MBS to Another Monthly Record

December 4, 2020
John Bancroft

Among the top five agency MBS issuers for the 30-day period, just one was a depository: Wells Fargo at number three.


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More of the Same: Outstanding Profitability on Originations

December 4, 2020
Paul Muolo

MBA's Marina Walsh: “Soaring production revenues – led by strong secondary marketing gains – drove these results and more than offset an increase in production expenses.” 


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Morgan Stanley Stocks Fresh Jumbos into Non-Agency MBS

December 4, 2020
Brandon Ivey

Quicken Loans is the top contributor to the new Morgan MBS, accounting for 36.3% of the collateral.


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In 3Q20, Refis Dominated but Purchase-Lending Was No Slouch

December 3, 2020
John Bancroft

UWM reported a 69.2% jump in refi volume, while PennyMac, Freedom Mortgage, loanDepot, Mr. Cooper Group and NewRez all increased their market share as well.


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Guild's Income Rises, Nonbank Discloses High Gain-on-Sale Margins

December 3, 2020
Brandon Ivey

Guild's GOS: 562 basis points for the third quarter compared to 502 for the first half...


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