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Home » Topics » IMFnews » Originations

Originations
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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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Major Discrepancies Found in Non-Agency MBS Performance Reporting

August 6, 2020
Brandon Ivey

A big problem: For one non-QM MBS, dv01 identified 233 loans that are actively modified while the trustee reported only 41 and the master servicer reported 74.


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Bayview to Issue Its First Prime Non-Agency MBS

August 5, 2020
Brandon Ivey

The deal received preliminary AAA ratings from Moody’s Investors Service and S&P Global Ratings, with credit enhancement of 13.75% on the senior tranche.


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Mortgage Complaints Up Slightly in 2Q20

August 5, 2020
Yemeng Yang

Complaints regarding mortgage applications increased 25.7% in the second quarter...


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Depositories Report Huge Gain in Residential Finance Income

August 4, 2020
John Bancroft

The nation's second largest home lender, Wells Fargo reported a 34.3% decline in residential mortgage banking income...


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Ocwen Sets Reverse Stock Split for Mid-Month

August 4, 2020
Brandon Ivey

The 1-for-15 reverse split is scheduled for August 13.


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