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Home » Topics » IMFnews » Originations

Originations
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Locks for Purchase Mortgages Increase in October

November 12, 2024
Brandon Ivey
The uptick bucked a seasonal trend, as locks for purchase mortgages typically decline each month after spring.
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Zero-Downpayment FHA Loan Seen as Better Option Than DPA

November 12, 2024
Monica Hogan
None of the state or local downpayment assistance programs have enough scale or funding to make a meaningful impact in addressing the challenge of accumulating a 3.5% downpayment on FHA loans, according to analysts at the Urban Institute’s Housing Finance Policy Center.
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Short Takes: Mixed Trends Among Agency MBS Issuers / Home Sales Expected to Increase / Provident Bank Hires Warehouse VP From Flagstar / Achieve Expands HELOC Offerings

November 12, 2024
John Bancroft and Brandon Ivey
While agency MBS issuance surged in October, some of the top sellers posted declines in volume compared with September.
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A Blowout 3Q for Prime Non-Agency Issuance

November 11, 2024
James Dohnert
Among the top 10 originators of securitized non-agency prime loans, just one was a bank: JPMorgan Chase.
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VA Lending Chief Says Some RE Agents Are Overcharging

November 11, 2024
Monica Hogan
It's been said that some real estate agents are charging borrowers an 8% commission upfront on their credit cards.
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Short Takes: Better’s New VA Product / M&A Opportunity / More MSR Deals on the Way / HES Product Ready in Oregon / RCC's First MBS Deal

November 11, 2024
Paul Muolo
Just in time for Veterans Day, Better unveils a new refi option.
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Refi Volume Up Nearly 60% in Third Quarter

November 8, 2024
Brandon Ivey
“The refi boom has not fully materialized, but we have seen a preview of it and were able to capitalize on it instantly while others were caught flat footed,” Mat Ishbia, chairman and CEO of UWM, said Thursday during the lender’s earnings call.
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Focus on Interest Rates Shifts From Fed to Treasury Yield

November 8, 2024
Brandon Ivey
Movements in Treasury yields — rather than actions by the Fed — have been a bigger driver in changes to interest rates on mortgages recently.
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CSBS to Expand One Company, One Exam Framework

November 8, 2024
Shannon Clark
One Company, One Exam aims to streamline mortgage examinations for companies by completing one state exam per company using a series of standardized exam questions.
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Short Takes: Delinquencies Decline / Ishbia Expects Positive Changes Under Trump / Upgrades for Large Nonbanks / Redwood MBS With IPLs

November 8, 2024
Brandon Ivey
The modest decline in delinquencies in the third quarter was tied to early-stage delinquencies, while later-stage delinquencies increased.
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