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Home » Topics » IMFnews » Originations

Originations
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Rates Tumble as Stocks Sell Off in Wake of Coronavirus Fears

January 27, 2020
Paul Muolo

Some home lenders cut their rates this morning as fears over the Coronavirus accelerated...


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Sober Underwriting Standards on Expanded-Credit Collateral

January 27, 2020
Brandon Ivey

Over the last two years, the average credit score on mortgages in expanded-credit MBS was 726.8.


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CFPB Sues Mortgage Firms for Credit Report Fraud

January 24, 2020
Yemeng Yang

According to the complaint, Monster purchased more than 7 million credit reports from Experian between December 2015 and May 2017. The reports included consumers’ names, addresses, number of student loans and aggregate student loan balances.


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Non-Agency Warehouse Unit Bought by Massachusetts Bank

January 23, 2020
Paul Muolo

According to market observers, People's United is committed to agency and government-related warehouse finance and was happy to find a home for ResX and its six or so employees.


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A Battle Brewing Over the GSE ‘Patch’ and DTI

January 23, 2020
Yemeng Yang

Many support raising the DTI threshold and incorporating compensating factors, but others recommend full elimination of the current standards.


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The Final Origination Tally for 2019: $2.4 Trillion, the Best Showing Since 2006

January 23, 2020
John Bancroft

Fun fact: More VA loans were funded in the 4Q19 than FHA-backed mortgages, a rarity.


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Mortgage Bellyaching Plunges to Record Low in 4Q19

January 22, 2020
Yemeng Yang

For the full year of 2019, total mortgage complaints from end users were down 9.1%...


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Invictus Set to Issue its Largest Expanded-Credit MBS Ever

January 22, 2020
Brandon Ivey

The $699.2 million expanded-credit security tops a $681.0 million deal Invictus issued in October.


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Radian Sells Due Diligence Unit Clayton – At a Loss

January 22, 2020
Paul Muolo

Radian bought Clayton in 2014, paying a hefty $305 million for the business, a price that many observers thought was a bit rich.


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Nonbank Market Share Sets New High in Agency Business

January 21, 2020
John Bancroft

Only two banks ranked among the top agency sellers last year: Wells Fargo and JPMorgan Chase.


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