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Home » Topics » IMFnews » Originations

Originations
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The Pandemic Effect: A New Record High in Consumer Complaints

July 21, 2020
Yemeng Yang

The mortgage sector, which has been saddled with pandemic-related forbearance issues, has fallen off the complaint curve...


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On the IPO Circuit, Next Up: Caliber?

July 21, 2020
Paul Muolo
Will Quicken's IPO be a one-and-done? Opinions differ...
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Angelo Gordon Brings MBS with Slightly Seasoned Non-QMs

July 21, 2020
Brandon Ivey

Some 10.1% of loans in the deal are in forbearance and another 1.8% have received deferrals.


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Quicken Takes No Prisoners in 2Q20, Funds a Record $72.3 Billion. Parent Reports Stellar Earnings

July 20, 2020
Brandon Ivey

After overtaking Wells in the first quarter of 2020 as the top lender in the nation, Quicken widened its lead.


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CoreLogic Tells Takeover Bidder No (For Now)

July 20, 2020
Paul Muolo

Cannae’s chairman is William Foley, who also continues to serve as non-executive chairman of title insurance giant Fidelity National Financial and executive chairman of Black Knight Financial…


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A Mixed-Production Bag for the Megabanks in 2Q20

July 17, 2020
Paul Muolo

JPMorgan, in particular, was an origination laggard, funding $24.2 billion in home mortgages during the second quarter, a 13.8% decline from the first three months of the year.


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Ocwen Reports Small Profit for 2Q20, Provides Rosy Outlook. Share Price Soars

July 17, 2020
Brandon Ivey

Efforts to turn Ocwen around appear to be working. The publicly traded nonbank earned $2.0 million in the second quarter and officials there suggest the lender/servicer will be profitable next year.


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AIME Chief Steps Down as Sponsors Flee Broker Trade Group

July 17, 2020
Paul Muolo

One CEO, whose company continues to sponsor AIME, said he found Casa’s behavior offense but told Inside Mortgage Finance his company will continue to support the organization. “I think that eventually Anthony will be back,” he said in an interview Friday morning, “but I hope he takes this time to reevaluate and improve himself.”


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BofA Posts Higher Originations but Lags Most Peers

July 16, 2020
Paul Muolo

BofA processed 1.8 million of payment deferrals across all business lines, including mortgages...


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Chicago Mortgage Banker Accused of Redlining by the CFPB

July 16, 2020
Yemeng Yang

The CFPB says that between 2014 and 2017, Townstone made statements about African Americans and predominantly black neighborhoods that discouraged prospective black applicants...


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