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Home » Topics » IMFnews » Originations

Originations
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Ocwen Reveals Large Bonuses to Executives, Restores Incentive Pay for CEO

September 17, 2020
Paul Muolo

The nation’s 16th largest servicer also disclosed it will restore incentive pay that was voluntarily given up by CEO Glen Messina.


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Time for Permanent Changes on Regulating LOs Working From Home?

September 17, 2020
Yemeng Yang

Several industry executives and officials from four state regulatory agencies attended the meeting on remote work flexibility.


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The Final Tally for 2Q20: Refis Spiked by a Stunning 45%

September 17, 2020
John Bancroft

Agency data suggest the purchase market started to recover a bit in the third quarter. (Includes four data charts.)


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Consumer Groups Cry Foul on Complaint Narratives

September 16, 2020
Yemeng Yang

Consumer advocates believe the CFPB has made the complaint database less useful...


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The 2Q20 Mortgage Profit Picture: Simply Stunning Across the Board

September 16, 2020
John Bancroft

The 14 lender/servicers reported $4.02 billion in income from those activities during the second quarter, up from $1.40 billion in the first three months of 2020.


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Fannie Predicts Record Originations For 2020

September 16, 2020
Dennis Hollier

The pencil sharpening represents a 13.8% jump from the $3.4 trillion Fannie predicted just month ago, and 88.8% more than the $2.06 trillion in originations the GSE forecast in January, before the advent of the coronavirus pandemic.


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Fannie Regains Market Share as Mortgage Giants Set Monthly Record

September 15, 2020
John Bancroft

The top three sellers to Fannie and Freddie in August: Quicken Loans, Wells Fargo and United Wholesale Mortgage.


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Invesco Makes a Big Bet on Rocket

September 15, 2020
Paul Muolo

Invesco, which is based in Atlanta, holds the shares on behalf of clients...


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Goldman Preps MBS with a Mix of Jumbos and GSE-Eligible Loans

September 15, 2020
Brandon Ivey

A handful of mortgages in the MBS were previously in forbearance due to financial difficulties from the coronavirus.


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Short Takes: Mortgage Credit Continues to Tighten / CFPB’s QM Proposal Not Enough to Help Non-Agency Market / California’s Worst Wildfires / NYDFS Issues Guidance on Mortgage Registration Fees

September 11, 2020
Yemeng Yang

Mortgage credit supply in August fell to its lowest level in six year, driven by a reduction in supply from both conventional and government segments t, according to a recent tally by the Mortgage Bankers Association.


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