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Home » Topics » IMFnews » Originations

Originations
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Agency Jumbo Booms in 3Q20, Nonconforming Not So Much

December 9, 2020
John Bancroft

The FHA/VA market was more subdued, with total conforming-jumbo loans pooled in Ginnie MBS rising 16.7%. The VA program accounted for 83.0% of government-insured jumbo volume, with quarterly securitization up 17.7%.


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Short Takes: Mortgage Déjà Vu / A Warehouse Securitization From loanDepot / Throwing Cold Water on Downsizing by Homeowners: Rates / A Promotion at Impac

December 9, 2020
Paul Muolo

According to Moody’s, prior to the securitization, loanDepot had sponsored five warehouse deals totaling $1.8 billion...


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First-Time Buyers Lose Ground in 3Q20 Purchase-Loan Market

December 9, 2020
John Bancroft

The decline in first-time buyer share was due in part to a failure of the government-insured sector to keep pace with the conventional market.


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FDIC Fintech Originators Face Risks

December 8, 2020
Brandon Ivey

The two FDIC researchers examined more than 11 million mortgages...


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Consumer Groups Target Overturn of Trump-Era Lending Rules. CRA?

December 8, 2020
Yemeng Yang

In June, community advocacy groups, including the NCRC, brought a lawsuit against the Office of the Comptroller of the Currency over its final CRA rule...


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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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