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Home » Topics » IMFnews » Originations

Originations
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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?
Read More

Rocket Files Lawsuit Against HUD on Appraiser Independence

December 5, 2024
Brandon Ivey
Rocket sees conflicts in government policies for appraiser independence.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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

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.
Read More
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