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Home » Topics » IMFnews » Originations

Originations
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Mortgage Bankers and Brokers Keep Adding Jobs

September 8, 2020
Paul Muolo

Loan brokerage firms have increased employment by 16.3% year-over-year...


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USDA’s Mortgage Program Shows Strong Growth This Year

September 8, 2020
Maria Volkova

The bulk of the increase in USDA lending has been driven by purchase mortgages, though refinances also increased significantly.


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Expanded-Credit Originations Down but Not Out in 2Q20

September 8, 2020
Brandon Ivey

Citi led the pack with $2.46 billion of EC production in the second quarter, more than doubling its volume from 1Q20.


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Non-Agency Investors Could See Reduced Cash Flows

September 4, 2020
Brandon Ivey

the good news: Mortgage servicers so far have been advancing principal and interest on missed payments to the secondary markets...


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Lenders, Consumer Groups Don’t See Eye to Eye on Advisory Opinion Program

September 4, 2020
Yemeng Yang

Under the proposal, the CFPB will accept requests from third parties, such as trade associations or law firms, on behalf of unnamed financial entities.


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Another Record-Breaking Month for Ginnie MBS Issuance

September 4, 2020
John Bancroft

Securitization of purchase loans rose 16.2% from July to August, including an 18.2% increase in VA loans. FHA still accounted for the biggest share of government-insured purchase loans, 53.0% last month.


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CFPB Sends a Message on Deceptive VA Ads. Delaware Firm the Latest to be Accused

September 4, 2020
Maria Volkova

When it comes to the VA mortgage process, the CFPB is trying to send a message on deceptive ads...


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Rocket Releases ‘Official’ 2Q Results, Says the Best Is Yet to Come

September 3, 2020
Paul Muolo

The nonbank mortgage giant also offered a 3Q gain-on-sale estimate of 405 basis points to 430 bps. In the second quarter, its GOS came to a mouth-watering 519 bps.


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Short Takes: For the Good Times… / Legs to It? / MBA’s Profitability Reading: $4,548 Per Loan / Expenses Actually Decline / Losses Remain on the Servicing Side of the Aisle / New Hires at a GSE-Owned Company

September 2, 2020
Paul Muolo

Lenders are minting money these days, servicers not so much...


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So Far, Six VA Lenders Fined for Deceptive Ads. More to Come?

September 2, 2020
Yemeng Yang

The CFPB has assessed $1.8 million in fines on six VA lenders for sending deceptive ads...


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