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Home » Topics » IMFnews » Originations

Originations
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PennyMac's Net Income Declines in 4Q20. Lending and MSRs Head North

February 5, 2021
Brandon Ivey

In 4Q20, the nonbank mortgage giant originated $69.41 billion of product, a 28.1% improvement from a red hot third quarter. Its servicing portfolio grew by 6.2% in that span to $426.75 billion.


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Is the GSE Cash Window Issue Cap Open for Negotiation?

February 5, 2021
Paul Muolo

CMLA’s Rob Zimmer said what he finds so perplexing about the cap is that “no one saw this coming”…


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Mortgage Lenders Getting Catfished by Scammers?

February 4, 2021
Dennis Hollier

In a red hot hiring market, it appears that some lenders are being scammed by phony resumes...


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UWM Unveils Record Earnings and Originations, Plans to Restart Jumbos

February 4, 2021

Its gain-on-sale margin came in at 305 basis points in 4Q20 compared to 110 bps in the year ago period. The nonbank also vowed to return “excess cash” to shareholders when possible, a reference to dividend payments.


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Figure Affiliate Files $250 Million IPO with Plans to Acquire a Company

February 4, 2021
Brandon Ivey

Figure Acquisition Corp. I is planning to acquire a company involved in financial technology and financial services.


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Mortgage Gripes Decline in 4Q20 but Rise for the Year

February 3, 2021
Lisa Burden

The sole category that saw an increase on a sequential basis was loan closings, which registered a 2.1% rise.


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BlackRock Increases Its Position in Rocket. Meaning?

February 2, 2021
Paul Muolo

BlackRock places a bullish bet on the nation's number-one lender...


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The California ‘CFPB’ Makes Its Presence Known, Quickly

February 2, 2021
Lisa Burden

DFPI Commissioner Manuel Alvarez: “We take our expanded responsibility very seriously and are moving swiftly to ensure debt collectors do not violate the rights of California consumers.”


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Short Takes: The Home Point Tumult / The loanDepot IPO? / Blame GameStop / One of Robinhood’s Attorneys / Rocket CEO Cautions Short Sellers

February 1, 2021
Paul Muolo

Home Point's share price continued to struggle on Monday...


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The King of Jumbo MBS Contributions: UWM. However…

January 31, 2021
Brandon Ivey

Despite the achievement of the ranking, UWM’s contribution to jumbo MBS actually declined by 4.4% on an annual basis last year while overall non-agency jumbo securitization increased...


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