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Home » Topics » IMFnews » Originations

Originations
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Short Takes: Trigger Leads Bill Stalls / Bank Sells Older MBS, Loans at Loss / Debt Offering From UWM / FHLBank of Indianapolis Increases Mortgage Subsidy

December 5, 2024
Brandon Ivey
A bill with bipartisan support to ban trigger leads tied to mortgage applications was removed from a defense spending package.
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Income Declines at FHLBanks in Third Quarter

December 4, 2024
John Bancroft
JPMorgan Chase, the system’s biggest member, reduced its FHLBank advances by 20.3% over the past year.
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Recapture Projections Distorting Value of Mortgage Servicing Rights

December 4, 2024
Brandon Ivey
Some nonbanks are placing exceptionally high bids for MSR, counting on being able to recapture a high number of borrowers with refinances when interest rates decline.
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Short Takes: Planet Financial Group Plans Debt Offering / Little Demand for ARMs / Regulators Taking More Comments on Burdens / Rithm Shifts on Expanded-Credit MBS

December 4, 2024
Brandon Ivey
Fitch assigned a B rating to the planned $400 million senior unsecured debt issuance from Planet Financial Group.
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Conforming-Jumbo Business Grows in Third Quarter

December 3, 2024
Brandon Ivey
In the third quarter, conforming jumbos accounted for 5.4% of total agency business.
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MBA Ready to Work on GSE Reform, Seeks Explicit Guarantee of MBS

December 3, 2024
Brandon Ivey
“For MBA, the most critical issue to address before releasing the GSEs is the establishment of an explicit federal backstop for mortgage-backed securities,” according to Bob Broeksmit, president and CEO of the Mortgage Bankers Association.
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Ellington to Securitize Closed-End Seconds Originated by PennyMac

December 3, 2024
Brandon Ivey
It's the first securitization of closed-end second liens from the affiliate of Ellington Management Group.
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Short Takes: FHA Adopts Bank-Like Cyber Reporting Requirements / CFPB Looks to Regulate Data Brokers / Bipartisan Legislation in House on AI / Expanded-Credit MBS From Invictus

December 3, 2024
Brandon Ivey
FHA’s new cyber incident reporting requirements align with those of the federal banking regulators.
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Hiring Outlook Cloudy, LO Comp Under Pressure?

December 2, 2024
Paul Muolo
Commissions for retail mortgage loan officers seem to be stuck in a narrow band, said one consulting firm.
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Bipartisan Caucus Protests Title Waivers

December 2, 2024
Dennis Hollier
The caucus suggested FHFA’s title pilot hasn’t been appropriately vetted.
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