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Home » Topics » IMFnews » Originations

Originations
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Non-QM Delinquencies Drift Lower in June

August 12, 2020
Brandon Ivey

S&P and dv01 cited concerns about how mortgage servicers and trustees are handling the reporting of non-QMs in terms of delinquency and forbearance...


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Applications Rise Once Again. A 3Q Origination Bonanza As Well?

August 12, 2020
Paul Muolo

Thanks to the economic carnage caused by the pandemic, interest rates continue to drift lower, with some originators offering 30-year FRMs at under 3.0% and 15-year mortgages below 2.0%.


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The FHA MMIF Has $72 Billion on Hand. Is It Enough?

August 11, 2020
Paul Muolo

For HUD, the central question boils down to this: Will the MMIF have enough cash on hand to weather what could turn out to be a delinquency tsunami on the FHA book of business?


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MBA Suggests Further Extension of the GSE ‘Patch’

August 11, 2020
Yemeng Yang

The trade group also argues the patch should not be tied to the end of GSE conservatorships...


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Facing COVID-Related Reserves, Radian Books a Loss

August 10, 2020
Paul Muolo

But there was good news. Thanks to the origination boom, the company’s new insurance written jumped to $25.5 billion in 2Q20, a sequential gain of 52.7%.


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Noncore GSE Business Up in 2Q20, More High DTIs Purchased

August 9, 2020
Brandon Ivey

In 2Q20, Fannie and Freddie acquired $104.07 billion of loans with DTI ratios greater than 43%, up 40.9% from the previous quarter.


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Top-Ranked Lender Vows to Keep Employees at Home Until Pandemic is ‘Under Control’

August 7, 2020
Maria Volkova

The Caliber CEO recommends patience in reopening offices, saying opting to wait has kept his employees safe from the surge of COVID-19 cases in Texas...


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Looks as Though Everyone in the Mortgage Industry is Hiring

August 7, 2020
Paul Muolo
The biggest complaint from mortgage executives the past few months: A lack of loan processors and operations workers available for hire.
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PennyMac Turns a $352.7 Million Profit in 2Q, Hires 1,000+ Employees

August 7, 2020
Brandon Ivey

PennyMac posted a record profit in the second quarter and went on a hiring spree to support its origination and servicing activities.


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Rocket Goes Public at Reduced Price, CEO Eyes 25% Market Share

August 6, 2020
Paul Muolo

It's official: Rocket (Quicken) is now a public company, well at least part of it is...


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