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Home » Topics » IMFnews » Originations

Originations
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Short Takes: UWM Increases Size of Debt Offering / Neutral Outlook for Private MIs / Fitch Upgrades Freedom’s Servicer Rating / Buydowns Prevalent at Homebuilder / Blue Owl Capital Buying HEIs

December 6, 2024
Brandon Ivey
UWM's debt offering priced with an interest rate of 6.625%.
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Planet Home Preps $400 Million Debt Offering

December 5, 2024
Paul Muolo
If the $400 million unsecured debt offering is successful, might other nonbanks follow in its wake?
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Rocket Files Lawsuit Against HUD on Appraiser Independence

December 5, 2024
Brandon Ivey
Rocket sees conflicts in government policies for appraiser independence.
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UWM Launches Discount on Conventional, Government Loans

December 5, 2024
Brandon Ivey
The pricing incentive is available to mortgage brokers for mortgages with credit scores of 720 and above.
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Rosner Opposes MBA’s Stance on GSE Reform

December 5, 2024
Brandon Ivey
Joshua Rosner, managing director at Graham Fisher, a consulting firm, suggested that calls for an explicit government guarantee for GSE MBS are absurd.
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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.
Read More
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