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Home » Topics » IMFnews » Originations

Originations
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States Fear Losing Consumer Protection Power, Resources

February 5, 2020
Yemeng Yang

The AGs believe depriving the CFPB of its powers would harm the states by eliminating the agency’s independent enforcement efforts and the valuable assistance it provides…


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On the Rise: Loan Closing Times. Ramifications?

February 4, 2020
Paul Muolo

In the grand scheme of things, longer close times may not seem like a disaster but for nonbanks using warehouse lines of credit that means loans have longer dwell times…


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Chase Mortgage CEO Departs Suddenly. Is He Talking to Wells?

February 3, 2020
Paul Muolo

On his LinkedIn page, Weinbach lists himself as “On Garden Leave.”


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Nonbank Share of GSE MBS Issuance Up Sharply Last Year

February 3, 2020
John Bancroft

Nonbanks took huge strides in GSE servicing as well: Their combined portfolio rose 10.4% from 2018 to $2.009 trillion…


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Hoping to Reduce LO Comp? Don’t Bet On It

February 3, 2020
Brandon Ivey

Lori Brewer of LBA Ware: “Despite speculation that lenders’ efforts to reduce operational costs would include curbing loan originator commissions in 2019, our analysis shows that base commission for LOs did not significantly change from 2018 to 2019.”


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Loan Production in 2020: A Dark Horse?

January 31, 2020
Paul Muolo

If the Dow blows sky high interest rates could crumble…


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Quicken Preps its Second Prime Non-Agency MBS

January 31, 2020
Brandon Ivey

Quicken entered the market as an issuer of prime non-agency MBS in October of last year.


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New FICO Model a Big Ho-Hum?

January 30, 2020
Dennis Hollier

The new model could prove more attractive to portfolio and jumbo lenders who sell their loans into non-agency MBS…


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Ashmore's Vista Point Receives 'Average' Assessment from S&P

January 30, 2020
Brandon Ivey

Vista Point Mortgage was launched about a year ago by Bill Ashmore, the former president of Impac Mortgage Holdings.


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Ocwen/PHH Renegotiates Loan Terms as Share Value Dips

January 29, 2020
Paul Muolo

In a few weeks, Ocwen will report fourth quarter results. In trading Wednesday, its common was fetching $1.28 compared to a 52-week high of $2.45 and a low of $1.24.


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