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Home » Topics » IMFnews » Originations

Originations
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Velocity Financial Resumes Originations; Income Increases in 3Q

November 3, 2020
Brandon Ivey

Velocity resumed origination activity in September, funding $63 million of investment-property loans in October.


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CoreLogic’s Major Shareholders Continue Proxy Battle

November 3, 2020
Namrata Bhatia

On Tuesday, CoreLogic accused Senator and Cannae of “pursuing a misinformation campaign aimed at” distracting shareholders and destroying value.


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Jumbo Rates Remain Stubbornly Above GSE Loans

November 2, 2020
Brandon Ivey

Research published by AEI shows that, between 2014 and 2019, the average interest rate on jumbos was 29 bps lower than on agency loans.


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LO Compensation Continued to Climb in the Third Quarter

October 30, 2020
Yemeng Yang

Commissions earned by LOs were up 50% in 3Q20 from a year ago, with the average LO facilitating 51% more volume...


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Forget the Mortgage IPO Craze, Nonbanks Increasingly Turn to Debt

October 30, 2020
Paul Muolo

IPOs can be expensive and complicated, but debt offerings are more of a sure thing (for the right shop)...


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Redwood Posts Profit in 3Q, Restarts Aggregation Business

October 30, 2020
Brandon Ivey

Redwood locked $2.1 billion in mortgages during the third quarter but only acquired $176 million...


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Consumer Supervision Division Shakeup Raises Eyebrows

October 29, 2020
Yemeng Yang

Afterward, the enforcement office’s policy and strategy team personnel and functions will be moved to a new division...


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Losing Market Share Once Again: The FHA Program

October 29, 2020
John Bancroft

The FHA share of the insured agency market fell to 22.7%, down from 23.5% in the second quarter and 28.8% a year ago.


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Mr. Cooper Increases Lending by 45.4% in 3Q, Servicing Portfolio Declines

October 29, 2020
Brandon Ivey

Mr. Cooper, which ranks third among servicers, pinned the MSR shrinkage on prepayments as borrowers refinanced into loans offered by competitors...


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MFA Returns to the Market with its Second Non-QM MBS

October 28, 2020
Brandon Ivey

Loans in the $570.2 million MBS were originated by Citadel Servicing Corp. and have seasoned for an average of 20 months.


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