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Home » Topics » IMFnews » Originations

Originations
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Mortgage-Banking Income Down Slightly at Banks

September 4, 2025
Namrata Bhatia
First Interstate Bank posted the largest loss in the second quarter, spilling $5.5 million of red ink.
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FICO, VantageScore Tout Scoring Superiority

September 4, 2025
Dennis Hollier
VantageScore and FICO offer competing research claiming that their respective scores are better.
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Short Takes: Miran Cites Fed Independence / Radian Boosts Warehouse Funding From Chase / Provident Sending More GSE-Eligible Mortgages to Non-Agency MBS / AGNC Raising Capital

September 4, 2025
Brandon Ivey
Stephen Miran, President Trump’s nominee to fill a vacant governor position at the Federal Reserve, said he intends to preserve the Fed’s independence if confirmed for the position.
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FHLBank Profits Slip in 2Q Even With Boost in Advances

September 3, 2025
Dennis Hollier
Only two of the 11 regional banks saw a sequential increase in profits in the second quarter.
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Short Takes: Purchase-Mortgage Demand Cools / Rate Cut a Marketing Opportunity / PennyMac Launches Non-QM Offerings / Number of Homeowner Households Declines

September 3, 2025
Brandon Ivey
Demand for purchase mortgages declined last week even as interest rates on mortgages moved down.
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Trump Considering Declaring National Housing Emergency

September 2, 2025
Brandon Ivey
The national emergency declaration would allow the administration to use extraordinary powers to address high home prices and limited housing supply.
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Short Takes: Tariffs and Interest Rates / Figure IPO Could Raise Around $500 Million / Bank Launches Non-QM Offerings in Wholesale Channel / NYMT Rebrands to Adamas Trust

September 2, 2025
Brandon Ivey
Analysts at Mortgage Capital Trading said the 10-year was up Tuesday due to a court ruling Aug. 29 determining that the Trump administration’s use of emergency powers to implement tariffs was illegal.
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Homebuyers Need Larger-Than-Expected Rate Drop to Refi

August 29, 2025
James Dohnert
A half-point drop in rates won't generate enough savings to cover the cost of a new loan, Neighbors Bank says.
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Rocket/Mr. Cooper Merger Gets Nod From FHFA

August 27, 2025
Dennis Hollier
The regulator, though, says no market participant can account for more than 20% of the GSEs' servicing market.
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Chase Relaunches HELOC Program

August 26, 2025
James Dohnert
Chase has brought back its HELOC program after stopping new applications in 2020.
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