Originations
Browse articles from IMFnews related to Originations.
March 26, 2019 - IMFnews
Usually, mortgage banking is a counter-cyclical business, but not always...
March 26, 2019 - IMFnews
Allow the ‘GSE Patch’ to Expire, Think Tanks Recommend
The CFPB introduced the GSE patch in 2014 as a temporary measure…
March 26, 2019 - IMFnews
MBA Research: A Net Origination Loss of $200 Per Loan in 4Q18
Added MBA’s Walsh: “On the servicing side of the business, mortgage servicing impairments resulting from December’s drop in interest rates hurt profitability.”
March 26, 2019 - IMFnews
Georgetown Law Professor Adam Levitin: “I am deeply concerned about the basic direction of the chairman’s housing-finance reform proposal outline..."
March 26, 2019 - IMFnews
LendingHome Issues $219 Million ABS Backed by Fix-and-Flip Loans
Fix-and-flip loans typically payoff in about seven months...
March 25, 2019 - IMFnews
And that means: two more years of hyper-partisan bickering on both sides and legislation only getting passed if there’s a bi-partisan consensus or a national emergency...
March 25, 2019 - IMFnews
Caliber Affiliate the Latest Issuer to Bring its Second ‘Expanded-Credit’ MBS of the Quarter
The mortgages boast an average credit score of 736...
March 25, 2019 - IMFnews
Fourth Quarter Income Down Sharply for Publicly Traded Nonbanks
Two nonbanks that have been steady earners reported significant losses during the fourth quarter…
March 22, 2019 - IMFnews
In the Senate, the 'Green New Deal' is more important than Mark Calabria?
March 22, 2019 - IMFnews
MBS Trading Falters Slightly but Strong Overall
One fact is certain: January and February were not good months for the production of Fannie Mae, Freddie Mac and Ginnie Mae securities.
March 22, 2019 - IMFnews
FHA Lenders Can Opt for Third-Party Verification
The new guidance applies to all FHA forward mortgages and HECMs…
March 22, 2019 - IMFnews
CFPB Makes Changes to Advisory Boards, Reversing Decisions Made by Mulvaney
The bureau plans to extend the terms of half the current members in order to achieve the staggered terms and ensure continuity.
March 22, 2019 - IMFnews
Surprise: Goldman Sachs Aggregating Jumbos and Conforming Loans for Non-Agency MBS
Goldman hasn’t been active in the prime non-agency MBS market except for a one-off deal in 2014.
March 21, 2019 - IMFnews
The Non-QM Bright Spot Continues to Grow
“In 2018, our lending units saw a distinct rise in the popularity and use of non-QM products as more creditworthy borrowers turned to these innovative options,” said Angel Oak’s Michael Fierman…
March 20, 2019 - IMFnews
OCC Fines Citibank $25M for Fair Lending Violations
According to the consent order, between 2011 and 2015, Citi had certain control weaknesses related to its “relationship loan pricing” program...
March 20, 2019 - IMFnews
JPM Pondering Non-QM Finance Opportunities?
“They’ve approached a few lenders,” he said, “and have some others to see.”
March 20, 2019 - IMFnews
Who knows more about GSE reform: the White House or Treasury? We get a sense the two parties don't see eye to eye on everything...
March 20, 2019 - IMFnews
VA-Based Nonbank Scuttles Merger with Congressional Bank
Congressional has seven branches and $949.7 million in assets. It earns roughly $16 million a year.
March 19, 2019 - IMFnews
Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...
March 19, 2019 - IMFnews
Chimera Readies Another Non-Agency MBS Backed by GSE-Eligible Investment Loans
Some lenders and MBS issuers are seeing better execution for GSE-eligible loans in the non-agency market…
March 19, 2019 - IMFnews
After a Trying 1Q19, Industry Hopes for Better Days Ahead
After trying times in January and February, March was somewhat better and the much ballyhooed spring home buying season should bring some degree of relief.
March 19, 2019 - IMFnews
Strong Growth for Jumbo Servicing in 2018
Wells Fargo, JPMorgan Chase and Bank of America had a combined jumbo servicing market share of 61.4% at yearend, according to figures compiled by Inside Nonconforming Markets…
March 18, 2019 - IMFnews
Mortgage REIT MFA Financial, New York, bought roughly $1 billion worth of loans during the fourth quarter...
March 18, 2019 - IMFnews
Genworth Sale Continues to Drag On, Ninth Waiver Granted
The sale of Genworth was first announced in October, 2016…
March 18, 2019 - IMFnews
GNMA MBS Production Down Sharply in February
Much of the reduced refi business resulted from a 14.8% drop in cash-out transactions...
March 18, 2019 - IMFnews
Worried About Risk, FHA Seeks to Mitigate Decreasing Credit Scores, More…
Changes to the agency’s TOTAL Mortgage Scorecard, go into effect March 18...
March 18, 2019 - IMFnews
Non-QM Lender Angel Oak Quickly Returns to the MBS Market with its Largest Deal Yet
The underlying mortgages have an average credit score of 703...
March 15, 2019 - IMFnews
An increase in retained earnings is a pre-cursor to GSE “recap and release,” or as Fannie/Freddie investors call it, the Holy Grail…
March 15, 2019 - IMFnews
FHFA’s Otting in a Position to Bolster the Non-Agency Market
SIFMA’s Daniel Goodwin: “Financial regulators must create a level playing field so that entities like the GSEs do not enjoy capital benefits that add to the tilting of the market…”
March 15, 2019 - IMFnews
A Challenging 4Q18 for Impac; Lender Sells $10.5B of MSRs
In the fourth quarter, Impac’s gain-on-sale margin increased 85 basis points to 203 bps, a reflection of its growing originations of non-QM loans.
March 14, 2019 - IMFnews
Thanks to declining interest rates, lenders are feeling more optimistic these days...
March 14, 2019 - IMFnews
Lender Diversity, Inclusion Activities on CFPB’s Radar Screen
The letters refer to the diversity and inclusion standards issued by the agency in 2015...
March 14, 2019 - IMFnews
SBC Chairman Crapo Schedules Two Days of Hearings on GSE Reform
NAR would like to see Fannie and Freddie restructured as tightly regulated shareholder-owned utilities...
March 14, 2019 - IMFnews
Home-Equity Market Sagged in 2018, but Still a Bright Spot
Credit unions reported a 19.5% increase in closed-end second originations from the first half of 2018 to the second half…
March 13, 2019 - IMFnews
Tiered Supervision of Nonbanks Advocated by Trade Groups
Nonbanks in recent years have expanded their presence in the market significantly...
March 13, 2019 - IMFnews
Another official described the Ginnie Mae change as a “nothing burger…”
March 13, 2019 - IMFnews
Broker Business Gained Market Share in 2018
Retail’s biggest presence was in the jumbo market…
March 13, 2019 - IMFnews
Freddie Mac’s MBS Business Rebounds in February
Fannie Mae saw its monthly MBS output decline by 18.1% from January…
March 12, 2019 - IMFnews
Kraninger faced some tough questions from Sen. Warren...
March 12, 2019 - IMFnews
Sterling Bank and Trust, Citadel Servicing Top Contributors to Oaktree MBS
Sterling will account for 58% of the loans in the MBS, Citadel 23%...
March 11, 2019 - IMFnews
An early start to the spring home buying season?
March 11, 2019 - IMFnews
New Residential Readies Second Non-QM MBS of the Quarter
A number of firms regularly issue one non-QM deal per quarter. Two transactions is less common...
March 8, 2019 - IMFnews
Kraninger Defends Restructure of CFPB’s Fair Lending Office Implemented by Mulvaney
Kathy Kraninger, director of the Consumer Financial Protection Bureau, said she won't reverse the restructure of fair lending office made by former Director Mick Mulvaney
March 7, 2019 - IMFnews
Conforming-Jumbo Volume Drops Sharply in 2018
Lenders delivered $93.54 billion of conventional, FHA and VA mortgages with loan amounts exceeding $453,100 into agency mortgage-backed securities last year, a 23.9% decline from 2017.
March 6, 2019 - IMFnews
Housing and Urban Department Secretary Ben Carson said he is planning on leaving his post at the end of President Trump’s first term ...
March 6, 2019 - IMFnews
CFPB Expected to Roll Back 2015 HMDA Rule
The CFPB is likely to propose changes to the mortgage disclosure rule, according to industry observers ...
March 6, 2019 - IMFnews
Trade Groups Again Seek Delay of Accounting Standard Set for 2020
A number of trade groups renewed their request on Tuesday for a delay in implementation of the current expected credit loss accounting standard ...
March 6, 2019 - IMFnews
FHA, VA Delinquency Rates Decline in Fourth Quarter
FHA delinquency rates fell 26.4 basis points between December and January and were down 14.1 bps over an eight-month period ending January, according to the Inside FHA/VA Lending database ...
March 6, 2019 - IMFnews
Final Rule on UMBS Issued; June Launch Date Remains
The Federal Housing Finance Agency last week issued a final rule aimed at improving liquidity of the to-be-announced MBS as well as the new uniform MBS, which makes its debut in early June ...
March 5, 2019 - IMFnews
Freddie Mac on Monday initiated three investments in affordable housing managed by National Equity Fund ...
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- What We’re Hearing: Goldman Sachs is Doing What? / A Wall Street Warm Up? / 10.75% Money for Freedom Mortgage / A Grade of B+ / The Green New Deal a More Important Issue than Calabria? / CoreLogic Executive Lands Top Post at Fannie Mae
- Short Takes: Getting the Industry’s Pulse on GSE Reform / Who Gets to Lead? / Why Phillips Didn’t Get the FHFA Job / The Battle for Risk / Selling Shares in Invitation Homes / Radian Names Dave Stevens to Its Board
- Short Takes: The Mueller Report, the Legislative Calendar and the GSEs / No Kumbaya Moment Here / Let the Administrative Changes Begin / Better Enters FHA Market / The Market Doesn’t Love Us, So We’re Selling
- Fannie/Freddie Debt Dealers Accused of Price Fixing
- Fourth Quarter Income Down Sharply for Publicly Traded Nonbanks
