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Home » Topics » IMFnews » Originations

Originations
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Senate Confirms Trump Nominee Dana Wade as FHA Commissioner

July 29, 2020
Maria Volkova

Wade takes the helm of the government’s mortgage insurer at a tumultuous time: FHA production is strong but the COVID-19-related forbearance rate on such loans are beginning to inch up as the employment picture worsens.


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Rocket IPO ‘Roadshow’ Commences. Public Offering Valued at Upwards of $3.3 Billion

July 28, 2020
Paul Muolo

The “virtual” roadshow started Friday, with meetings running through Wednesday afternoon, when final pricing is expected.


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Flagstar Turns a Strong Profit on Mortgage Lending in 2Q20

July 28, 2020
Brandon Ivey

Flagstar posted a whopping gain-on-sale margin of 219 basis points compared to 80 bps in 1Q20...


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Short Takes: About Those Million-Dollar Earners / Hear It and Then Cut It in Half / Rates? / BKFS on Forbearance / CHLA Addresses GSE Capital / A Promotion at Waterstone Mortgage

July 24, 2020
Paul Muolo and Dennis Hollier

Higher mortgage rates in six months? No one sees it...


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Origination Boom Creating ‘Millionaire’ Loan Officers? Yes, Some

July 24, 2020
Paul Muolo

One mortgage CEO suggested LOs might spend their hard earned money on a new Tesla or maybe a beach house...


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Dems Worry About OCC’s COVID-19 Preemption

July 23, 2020
Yemeng Yang

The OCC last month issued several bulletins on federal preemption, including one on states’ foreclosure moratoria...


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The Final (Amazing) Tally for 2Q20: $865 Billion, a 17-Year High

July 23, 2020
John Bancroft

The top gainer among the 20-largest originators: Guaranteed Rate of Chicago...


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A Slight Increase in Mortgage Repurchases by Depositories

July 23, 2020
John Bancroft

The call-report figures generally track buyback trends documented by Fannie and Freddie, though the bank figures may include repurchases and indemnifications linked to other buyers.


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Court Rules in Favor of RoundPoint, Allows M&A Lawsuit Against Freedom to Proceed

July 23, 2020
Paul Muolo

Freedom's proposed acquisition of RoundPoint Mortgage has turned into a legal mess...


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Another Quarterly Loss for New Residential, Originations Suffer

July 22, 2020
Paul Muolo

NRIC’s mortgage banking affiliate, NewRez, funded $8.3 billion of residential loans in 2Q20, a sequential decline of 27.2%...


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