Originations
Browse articles from IMFnews related to Originations.
September 19, 2017 - IMFnews
In other words, the FHFA will once again order the dividends to be paid to Treasury. Right?
September 19, 2017 - IMFnews
New Poll: Industry Says Let Congress Fix the GSEs
Congress is not expected to produce workable GSE legislation until next year and even then, other issues – tax reform, another run at fixing “Obamacare,” for example – could kick the can down the road.
September 19, 2017 - IMFnews
Caliber Ramps Up Non-QM Lending Big Time
Caliber plans to originate at least $1 billion of non-QM residential loans this year…
September 19, 2017 - IMFnews
Mortgage M&A Chatter Continues. Medium-Sized Shops Are Targets
Rick Roque, who runs Menlo, an M&A advisory firm, said he knows several owners who are contemplating a sale…
September 19, 2017 - IMFnews
House FSC to Work on GSE Reform Again. (Hint: It Looks like the PATH Act)
At the ABS East show, Rep. Barr didn’t provide further details about Republican plans for the GSEs…
September 18, 2017 - IMFnews
The FHA nominee had been a Radian director since 2012…
September 18, 2017 - IMFnews
Nonbank Lenda Gets Backing of $5.25 Million
Lenda originally began as a refinance provider in 2013…
September 18, 2017 - IMFnews
CFPB Official Tells ABS East Attendees: Show Us Data on How Consumers Have Been Harmed
“We want to know if there are impediments because of our rules,” said CFPB Policy Analyst Patrick Orr…
September 18, 2017 - IMFnews
A Growing Problem: VA ‘Rapid’ Refis
Acting Ginnie Mae President Michael Bright confirmed the resurgence of inappropriate streamline refinancing in securitization pools, promising a crackdown…
September 18, 2017 - IMFnews
HECM Production Up Almost 26 Percent in First Half of 2017
Despite increased originations, FHA data show HECM production, in general, has been on a gradual decline for several years…
September 15, 2017 - IMFnews
CHLA Underscores Importance of Nonbanks
Nonbank lenders rely on their own capital and on warehouse loans to fund loans, rather than federally insured deposits...
September 15, 2017 - IMFnews
Radian inked a deal with Wall Street underwriters this week to sell $450 million of senior notes due in 2024...
September 15, 2017 - IMFnews
Mortgage Securitization Rate Sinks in 2Q17
Roughly 27.3 percent of Fannie Mae, Freddie Mac and Ginnie Mae loans pooled in securities in the first half of 2017 were a month old at issuance, and 6.4 percent were two or three months old.
September 15, 2017 - IMFnews
Treasury Taking Meetings on GSE Issues, Including Zero Capital and Multiple Guarantors
Rob Zimmer, a former Freddie Mac executive: “Republicans run this town, obviously, and there is no way they want to be identified as the party of taxpayer bailouts for large financial institutions.”
September 15, 2017 - IMFnews
Interest in Mortgage Tech Heats Up
Blend announced a stunner – it had raised $100 million in “Series D” funding…
September 14, 2017 - IMFnews
Of course, the RNC does not govern, but presumably the Trump administration has a line of communication into the political organization…
September 14, 2017 - IMFnews
Senior Democrats on Senate Banking Committee Implore Treasury, FHFA to Allow GSEs to Build Capital
The correspondence, which includes the signature of ranking minority member Sherrod Brown, D-OH, notes: “We are simply requesting that the GSEs be permitted to build capital...."
September 14, 2017 - IMFnews
Another Bank May Enter the Jumbo MBS Market, Signaling a Potential Shift from Portfolio Retention
“We’ve gotten wind that we could see at least one other large money center bank enter the securitization markets,” said Christopher Abate of Redwood Trust…
September 14, 2017 - IMFnews
Agency-Jumbo Production Sagged in 2Q17 While Non-Agency Sector Kept Growing
But the non-agency jumbo market saw a healthy 18.6 percent increase in originations…
September 14, 2017 - IMFnews
A Revision Coming for the Definition of ‘Home Mortgage Loan’ (CRA Changes)
The amendments could take effect at the start of 2018…
September 14, 2017 - IMFnews
Redwood Sourcing ‘Expanded Prime’ Jumbos from Hundreds of Correspondents
Redwood Trust has approved 185 originators to sell Choice loans directly…
September 13, 2017 - IMFnews
It’s possible that the nomination of Pam Patenaude to be the number-two at HUD could get a floor vote this week...
September 13, 2017 - IMFnews
When Loan Demand is Strong, Consumers Get Bad Pricing?
The researchers tracked lender rate sheets from 2008 through 2014…
September 13, 2017 - IMFnews
In New White Paper, MBA Takes Aim at the CFPB
MBA believes the CFPB should concede it is bound by the guidance it issues…
September 13, 2017 - IMFnews
Warehouse Commitments to Nonbanks Top $64 Billion
“A number of companies are expanding the lines they need,” said Larry Charbonneau. “I’ve been doing a number of reviews for warehouse banks lately. Volume is definitely picking up.”
September 13, 2017 - IMFnews
Brian Montgomery (Finally) Picked for FHA Chief. Kittle for Ginnie Prez?
If confirmed by the Senate, it would be Montgomery’s second go at the FHA post, a position he held in the administration of George W. Bush.
September 12, 2017 - IMFnews
White House Finally Issues ‘Intent’ to Nominate Notice on Brian Montgomery for FHA Commissioner
While in the Bush White House, Montgomery assisted in HUD’s recovery and rebuilding efforts along the Gulf Coast and New Orleans following Hurricane Katrina. He is expected to play a similar role in the wake of hurricanes Harvey and Irma.
September 12, 2017 - IMFnews
As IMFnews went to press, Mangione could not be reached for comment. He currently heads Fort Schuyler Advisors...
September 12, 2017 - IMFnews
No Experience Required: Guaranteed Rate’s Program Will Train 100 Workers in CA
Liftoff promises that participants will get instruction on sales itinerary and be prepared for a loan licensing exam.
September 12, 2017 - IMFnews
KBW on PHH: More Value if the Servicer Liquidates ‘Relatively Quickly’
KBW noted: “We think there likely will be more value if the company is able to liquidate relatively quickly…”
September 12, 2017 - IMFnews
CFPB Eyeing the Equifax Mess, Forced Arbitration an Issue
“Equifax’s credit monitoring product contains a mandatory arbitration clause that denies people their right to join together to sue the company for wrongdoing,” the bureau spokesman said.
September 12, 2017 - IMFnews
On a Roll: Fourth Consecutive Monthly Gain for GSE MBS Issuance
Fannie and Freddie lost some market share during the second quarter, according to preliminary figures compiled by Inside The GSEs.
September 11, 2017 - IMFnews
The U.S. Attorney for the Northern District of Texas indicted the former CEO of the Federal Home Loan Bank of Dallas, along with two other former bank employees, for fraud.
September 11, 2017 - IMFnews
International Monetary Fund Favors a Fannie-Freddie Merger
The IMF, of course, has no jurisdiction whatsoever over Fannie Mae and Freddie Mac…
September 11, 2017 - IMFnews
Appraisal Groups Tell Congress to Make GSEs Do Away with Waivers
As a result, they urge the GSEs to do away with the appraisal waiver program for now…
September 11, 2017 - IMFnews
CMG Financial Expects to Fund $13 Billion This Year
George is presently the vice chairman of the Mortgage Bankers Association for the 2017 membership year.
September 8, 2017 - IMFnews
In case you’re wondering the concept of GSE “recap and release” is not under consideration...
September 8, 2017 - IMFnews
First-Time Homebuyers Begin to Shape the Housing Market, Prices
It appears that 2017 is shaping up to be one of the biggest years for the first-time homebuyer market…
September 8, 2017 - IMFnews
ATTOM: Co-Borrowing on the Rise
Homebuyers are increasingly relying on co-borrowers to help with home purchases...
September 8, 2017 - IMFnews
Agency MBS Issuance Up Again in August as Refi Business Shows Renewed Strength
The agencies saw an 8.6 percent increase in refi volume from July to August, roughly triple the growth rate of the purchase-money business…
September 7, 2017 - IMFnews
Meanwhile, United Wholesale Mortgage CEO Mat Ishbia said the nation’s largest wholesaler is not cancelling any closings because of Irma, at least not yet...
September 7, 2017 - IMFnews
It’s Official: Lone Star’s New Security Largest Post-Crisis Nonprime MBS To Date
The new security is backed solely by loans from Caliber...
September 7, 2017 - IMFnews
ICBA Says Government Seizure of Fannie and Freddie was ‘Questionable at Best’
ICBA’s comment marks the first time that a major industry trade group has questioned putting Fannie and Freddie into conservatorship…
September 7, 2017 - IMFnews
Purchase-Mortgage Blowout: 2Q17 Highest Volume Since 3Q06
Purchase loans accounted for 67.5 percent of the estimated $455.0 billion in first-lien mortgage originations during the April-June cycle...
September 6, 2017 - IMFnews
As another hurricane approaches the U.S. more loan closings are cancelled...
September 6, 2017 - IMFnews
FHA Extends Interim Rules for Condo Project Approval
Spot-condo approvals would require property recertification every three years…
September 6, 2017 - IMFnews
Nine Years Ago, Fannie and Freddie Were Taken Over. Treasury is Now $82.3 Billion Richer
Investors Unite speaks for GSE shareholders – except senior preferred holders (the Treasury Department)…
September 6, 2017 - IMFnews
Mortgages from 103 lenders will be included in the deal led by PrimeLending…
September 6, 2017 - IMFnews
Jumbo Servicing Continues to Increase for Most Firms; Performance Pristine
Of the nation's top 10 jumbo servicers, just one is a nonbank: Ocwen Financial.
September 6, 2017 - IMFnews
CFPB’s Cordray to Give Ohio Speech on Date of Gubernatorial Debate. Meaning?
Fun fact: Ocwen is one of the sponsors of the event where CFPB Director Richard Cordray will be speaking…
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Most Popular Stories
- House FSC to Work on GSE Reform Again. (Hint: It Looks like the PATH Act)
- Short Takes: About Those GSE Dividend Payments… / The Man Wants to be Paid / Record Attendance at ABS East / LendingTree Buys Snap Capital / Webster Gets a New President
- It’s Official: Lone Star’s New Security Largest Post-Crisis Nonprime MBS To Date
- New Poll: Industry Says Let Congress Fix the GSEs
- Mortgage M&A Chatter Continues. Medium-Sized Shops Are Targets
