Originations
Browse articles from IMFnews related to Originations.
September 19, 2018 - IMFnews
On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.
September 19, 2018 - IMFnews
Former Goldman Officials Launch Non-QM Wholesaler to Feed its Growing Aggregation Business
Steve Skolnik, an industry veteran with a long career in nonprime lending, was recently hired as CEO…
September 19, 2018 - IMFnews
CFPB Proposes Disclosure Sandbox
The agency specifies that a two-year testing period would be the norm.
September 19, 2018 - IMFnews
Three nonbank lenders, all owned by PE firms, are key contributors to the deal…
September 19, 2018 - IMFnews
A Surge in Jumbo Correspondent Acquisitions
Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…
September 18, 2018 - IMFnews
Slightly Higher Warehouse Commitment Figures Mask Worries About Price Cutting, More…
One manager criticized number-two ranked warehouse provider Texas Capital for the discounts the bank is offering, calling it “the talk of the warehouse community.”
September 18, 2018 - IMFnews
They’re Back: CFPB Advisory Boards (But with Fewer Members)
Two new members of the consumer panel come from the fintech world: Sameh Elamawy, CEO of Scratch, and Manning Field, CEO of Acorns.
September 17, 2018 - IMFnews
It may be hard to fathom, but Fannie and Freddie once played with very sharp elbows…
September 17, 2018 - IMFnews
Parent of Church Street Mortgage Files to Go Public
If all goes well, the net proceeds will total $20.25 million.
September 17, 2018 - IMFnews
Wanted: Two Semi-Retired CEOs Who Can Run Fannie and Freddie
Then again, maybe needing a CEO is overblown. James Fenkner, a GSE shareholder, told Inside Mortgage Finance: “It is not that the CEOs are paid too little…”
September 17, 2018 - IMFnews
GSE Purchase Business Up Again, but Refis Rise as Well
The refi surge may be attributable to more cash-out transactions.
September 17, 2018 - IMFnews
Wells Fargo Ready to Break its Jumbo MBS Drought
Wells Fargo accounted for 15.0 percent of all jumbo mortgages originated during the first half of 2018…
September 14, 2018 - IMFnews
JPMorgan is the parent company of the nation’s second largest residential lender, Chase. Trump last decade started a small mortgage brokerage operation in Long Island and then killed it...
September 14, 2018 - IMFnews
Questions Linger on Caliber and ‘Full Documentation’
The differences are tied to how the rating services define full documentation.
September 14, 2018 - IMFnews
CFPB Encourages Alternative Consumer Disclosures, Hints at More No-Action Letters
But the program has been a dud...
September 13, 2018 - IMFnews
Silvergate Bank is actively providing warehouse lines of credit to non-QM lenders and we understand that Comerica is now sticking its toe in the water…
September 13, 2018 - IMFnews
Stearns Agrees to Buy Stake in $3.2 Billion Lender as Part of PPP Effort
The pending deal marks the second acquisition in Stearns’ new Preferred Partner Platform initiative…
September 13, 2018 - IMFnews
Growing Quickly, Tech Vendor Blend Names Former Treasury Secretary Jacob Lew to Advisory Board
The number of mortgage lenders using technology from Blend has quadrupled in the past year…
September 13, 2018 - IMFnews
Home-Equity Lending Up Sharply in 2Q18, but Market Far Below Its Potential
Mortgage lenders generated an estimated $54.0 billion of new home-equity loans during the second quarter, up 18.7 percent…
September 13, 2018 - IMFnews
September Issuance of Final FHA Condo Rule Unlikely
So far, the final rule has not been delivered for OMB review, a process that in the past has sometimes taken months to complete.
September 12, 2018 - IMFnews
Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights…
September 12, 2018 - IMFnews
S&P Estimates $63B of CMBS Exposure to Hurricane Florence
The CMBS transactions with the highest potential exposure are collateralized by shopping malls and office properties in Northern Virginia...
September 12, 2018 - IMFnews
Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017
Through the first eight months of the year, Ginnie issuance was down 11.0 percent...
September 12, 2018 - IMFnews
A Few Silver Linings in the Origination Downturn: Improved GOS, More MSR Sales
Wedbush estimates that originations will fall by 8.0 percent this year…
September 11, 2018 - IMFnews
The nonprofit exchange must pay for any “property” associated with CSS…
September 11, 2018 - IMFnews
Eager to Buy Jumbos, Redwood Offers a ‘Working Capital’ Option
During the second quarter Redwood deployed $40.0 million in customized financing for nonbanks…
September 11, 2018 - IMFnews
Many Lenders Plan on Keeping Underwriting Standards ‘As Is’
One lender confessed: “I think we’ve been too accepting of credit problems and we are going to start pulling back now…”
September 10, 2018 - IMFnews
Stearns Launches ‘Partnership’ Program, Hopes to Buy Stakes in Many Lenders
Schneider told IMFnews the Blackstone-owned lender/servicer is presently working on other deals...
September 10, 2018 - IMFnews
"As a result, at this time I’m receiving a larger volume of calls from execs seeking to explore outside opportunities.” - Rick Glass
September 10, 2018 - IMFnews
Mortgage Bankers Add Jobs, Brokers Trim Slightly
Jerry Selitto, president of Better Mortgage: “We continue to hire and we just opened our second California office in Irvine…”
September 10, 2018 - IMFnews
HECM Production Gets Clocked in 2Q18. A Long Reverse ‘Winter’ Ahead?
Analysts blamed the reduction in volume on the new lower Principal Limit Factors...
September 10, 2018 - IMFnews
Correspondent Channel a Flashpoint in Competitive Jumbo Market
While total jumbo originations among the lenders increased by 37.1 percent on a quarterly basis, correspondent volume was up by 63.7 percent.
September 7, 2018 - IMFnews
Strong Performance for Nonprime Mortgages. 60-Day Delinquencies of Less Than 4 Percent
Fitch views prepayments as a positive credit factor…
September 7, 2018 - IMFnews
Former Federal Housing Finance Agency Acting Director Ed DeMarco told us the bill is a good starting point and includes language that both Democrats and Republicans can agree on...
September 7, 2018 - IMFnews
10 Years After GSE Takeover, Mortgage Execs Weigh In: Leave Fannie and Freddie Alone
Industry consultant Tim Rood said the first rule for GSE reform should be: “Do no harm.”
September 7, 2018 - IMFnews
Non-Agency MBS Issuers Aim for Specificity on Rep-and-Warrant Framework
Alston & Bird: “We’ve all learned the hard way…”
September 7, 2018 - IMFnews
Agency MBS Production Up Again in August. For Purchase Business, a Post-Crisis High
August often sets the high-water mark for annual purchase-loan business for the agencies…
September 6, 2018 - IMFnews
Never one to mask his complete disdain for Fannie Mae and Freddie Mac, Rep. Jeb Hensarling let it rip...
September 6, 2018 - IMFnews
In His Waning Days as HFSC Chairman, Hensarling Introduces New GSE Reform Bill. (Yes, Really)
One housing lobbyist dismissed the bill as misguided, adding: “This is like someone laying on their death bed after drinking and sinning and finally realizing they need to get baptized.”
September 6, 2018 - IMFnews
Latest Nonprime MBS from Lone Star (Caliber) Stocked with Purchase Mortgages, FRMs
The weighted-average coupon is 6.50 percent.
September 6, 2018 - IMFnews
Fannie Mae Hires Ex-FGMC CEO Andy Peters as ‘Strategy Advisor’
Peters departed First Guaranty Mortgage Corp. earlier this year...
September 6, 2018 - IMFnews
First-Time Buyers Continue Gaining Share in Red-Hot Purchase Market; PMIs Step Up…
The nation’s PMIs have made a significant dent in the first-timer market, insuring a greater volume of mortgages guaranteed by Fannie and Freddie…
September 5, 2018 - IMFnews
Since 2012, Fannie and Freddie have been minting money...
September 5, 2018 - IMFnews
Blackstone Hires Former Clayton Chief to Head TORO Unit
Blackstone TORO likes to buy non-QM products...
September 5, 2018 - IMFnews
29 Trade Groups and Organizations Ask White House and Congress to ‘Cement’ GSE Progress
The letter – signed by trade groups both large and small – comes a day before the 10th anniversary of the federal takeover of Fannie and Freddie...
September 5, 2018 - IMFnews
Will CFPB Abandon or Limit the Use of Disparate Impact?
Many industry groups said it is problematic to use statistics to determine discrimination...
September 5, 2018 - IMFnews
Mortgage Banking Income at Depositories Held Steady in 2Q18, Call Reports Show
For many depositories, there’s a significant mismatch between their reported mortgage banking income and what’s on their call reports…
September 4, 2018 - IMFnews
The marketing message from Quicken goes on to say: “Brokers are taking notice as we’ve doubled our market share over the last year..."
September 4, 2018 - IMFnews
Trades Working on a ‘Don’t Do Anything Rash’ GSE Letter to Treasury
There’s a growing concern about a potential reduction in GSE loan limits…
September 4, 2018 - IMFnews
CHLA Asks IRS to Ensure Nonbanks are Eligible for New Deduction – Just like Banks
CHLA and the Mortgage Bankers Association have cited a number of technical reasons why nonbanks should be eligible for the pass-through deduction.
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Most Popular Stories
- A Surge in Jumbo Correspondent Acquisitions
- Watt Accuser at the FHFA Seeks Senate Hearing on Sexual Harassment Allegations
- Slightly Higher Warehouse Commitment Figures Mask Worries About Price Cutting, More…
- FHFA IG Critical of Fannie Mae Consolidation Play in Northern VA
- Wells Fargo Ready to Break its Jumbo MBS Drought
