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Home » Topics » IMFnews » Originations

Originations
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Coming Up Roses: Nonprime MBS

February 22, 2019
Brandon Ivey
Verus first launched its acquisition program in 2015. As of the end of October, the company had purchased mortgages with an aggregate principal balance of $3 billion…
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Mortgage Broker Market Share Hits 9-Year High

February 21, 2019
John Bancroft
The gain in the sector was largely attributable to the biggest player in table-funding: United Wholesale Mortgage…
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TIAA Throws Traditional Retail Overboard, USB Will Get Some of the 65 Branches

February 21, 2019
Paul Muolo
TIAA CEO Blake Wilson: “Mortgage lending is a dynamic and highly competitive industry and the market we’re in today is very different than just a few years ago..."
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Non-Agency Pricing for GSE-Eligible Loans in Flux

February 21, 2019
Brandon Ivey
Doyle noted it was the first time in a while that GSE-eligible loans put out for bid to non-agency investors failed to trade.
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Alter the Fannie/Freddie Dividend Payment: Yes or No?

February 21, 2019
Paul Muolo
If the dividend payment is altered, look for GSE stocks to rally even more…
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Short Takes: BSI Looking to Buy MSR Portfolios / Goldstone Running the Program / A Red Hot Servicing Market / A Strong Quarter for Texas Capital / Slip, Sliding Away: Fannie’s and Freddie’s Subprime Assets

February 21, 2019
Paul Muolo and Brandon Ivey
A red hot servicing market is keeping deal makers happy...
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Weak 4Q Purchase Lending Shrinks FHA/VA Output

February 20, 2019
George Brooks
Among the top-15 FHA direct lenders in 2018, not one was a bank...
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loanDepot Launches Digital Mortgage Process, Says It Can Close a Loan in 8 Days

February 20, 2019
Brandon Ivey
To date, loanDepot has spent $80 million on the effort...
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Federal Court in California Certifies LO Class Action Case Against Wells Fargo

February 20, 2019
George Brooks
Wells Fargo also is accused of not paying loan officers for “non-sales” work…
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Jumbo Lending Falls in 4Q18 On Weaker Demand

February 19, 2019
Brandon Ivey
In the jumbo qualified mortgage space, 21 of 60 banks reported weaker demand…
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