Originations
Browse articles from IMFnews related to Originations.
November 16, 2018 - IMFnews
A new poll being conducted by Inside Mortgage Finance/IMFnews shows that 47 percent of lenders are contemplating originating non-QM mortgages in 2019...
November 16, 2018 - IMFnews
After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More
Back in June, Wells trimmed 400 mortgage jobs, including 63 mortgage workers in Frederick, MD.
November 16, 2018 - IMFnews
House Power Shift May Have Little Impact on GSE Reform While Dampening Reg Relief
In a recent eight-page memo outlining her priorities, Rep. Maxine Waters did not address the conservatorships of Fannie Mae and Freddie Mac…
November 16, 2018 - IMFnews
Under Michael Bright, Ginnie Mae Continues to Tighten Issuer Standards, Accountability
Ginnie said the evaluation will be “similar to those employed by credit rating agencies.”
November 15, 2018 - IMFnews
After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More
The megabank currently employs 27,000 mortgage-related workers or what it calls “team members.”
November 15, 2018 - IMFnews
If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.
November 15, 2018 - IMFnews
Very Good News: MMIF Capital Ratio Improves to 2.76 Percent. As for a Cut in Premiums…
The fund's value has improved, but FHA premiums will not be cut...
November 15, 2018 - IMFnews
JPM Packages Jumbos with Relatively High LTV Ratios in Unique MBS
Moody’s Investors Service said 47.0 percent of the dollar volume of the loans in the MBS were underwritten by United Shore…
November 15, 2018 - IMFnews
More Red Ink for Ditech in 3Q and Another Potential Trip into Bankruptcy
Ditech said the company is in talks with “certain” corporate debt holders regarding another possible "court supervised" Chapter 11 process...
November 15, 2018 - IMFnews
Private MIs Gobble Up More Market Share in 3Q18 Despite Growth in FHA Sector
Arch Mortgage Insurance led the pack in terms of new insurance written in 3Q18 with $21.43 billion, followed by Radian Guaranty ($15.78 billion), and MGIC ($14.57 billion).
November 14, 2018 - IMFnews
The groups expressed their view that Kraninger has the ability to lead and manage the CFPB and protect the financial interest of consumers.
November 14, 2018 - IMFnews
A Blood-curdling Stat: Refi Index Falls to (Almost) 20-Year Low
One New Jersey-based loan officer told IMFnews, “It’s very un-nerving right now.” He noted that on a recent workday he had account executives from three different companies come into his office. “One of them, I hadn’t seen in a year.”
November 14, 2018 - IMFnews
Goldman Preps Large Non-Agency MBS Backed by Seasoned Mortgages Acquired from a ‘GSE’
Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.
November 14, 2018 - IMFnews
A Brighter Future for Non-Agency May Translate Into Better Days for Trading Desks
Another trading firm that hopes to ride the non-QM wave is RAMS Mortgage Capital…
November 14, 2018 - IMFnews
Nonbank Profits a Mixed Affair in Third Quarter
Ocwen Financial has not been a model of prosperity...
November 13, 2018 - IMFnews
Early last decade, Fannie common once traded as high as $85.03, Freddie $68.20.
November 13, 2018 - IMFnews
Industry Calls for CFPB Rulemaking to Clarify the Role of Guidance
Lenders continue to worry about examiners critiquing them on issues not based in law…
November 13, 2018 - IMFnews
CFPB Exams Continue Apace Despite the 'Mulvaney Effect’
MBA’s Pete Mills noted that IMBs of all sizes from small to large are examined each year…
November 13, 2018 - IMFnews
PrimeLending Recruits LOs, Cuts Poor Performers
As of early November, PrimeLending had 1,336 LOs registered on the Nationwide Multistate Licensing System.
November 12, 2018 - IMFnews
United Wholesale Mortgage continues to hire...
November 12, 2018 - IMFnews
September Proves to be a Turning Point for Mortgage Employment, and Not in a Good Way
One loan broker said business has been so slow that it’s like, “going into a hockey rink overnight: Dead quiet.”
November 12, 2018 - IMFnews
Odds of GSE Reform May Not Have Changed Much
Gone from the Senate, via retirement, is Sen. Bob Corker, R-TN, a moderate Republican who was a proponent of reforming the secondary mortgage market…
November 12, 2018 - IMFnews
GSE Credit Box Opened Slightly Wider in 3Q18
The dollar volume of low-score purchase loans increased by 29.8 percent from the second to the third quarter, while total GSE purchase business went up 23.6 percent.
November 9, 2018 - IMFnews
The first move expected is a possible lowering of GSE loan limits...
November 9, 2018 - IMFnews
CFPB and FHFA Release First Loan-Level Dataset for Public Use
The CFPB and FHFA have been compiling the survey data but have never released the results.
November 9, 2018 - IMFnews
Agency Single-Family MBS Production Softened in October as Purchase Market Deflated
Fannie, Freddie and Ginnie issued a combined $98.03 billion of single-family MBS last month, a 5.1 percent drop from September…
November 8, 2018 - IMFnews
UBS said the Department of Justice intends to file a civil complaint against the company relating to pre-crisis MBS issuance...
November 8, 2018 - IMFnews
Impac Suffers Another Loss. Revenue and Originations Take a Hit. Layoffs Too
About 41 percent of Impac's volume now entails non-QM lending...
November 8, 2018 - IMFnews
Redwood Accelerates Diversification Efforts, Remains Profitable in Third Quarter
Redwood CEO Chris Abate: “Our game plan in the third quarter was a bit unconventional – we ran an up-tempo offense, squarely in the face of mortgage market headwinds.”
November 8, 2018 - IMFnews
Mr. Cooper Reports $54 Million Profit for 3Q18, Agrees to Buy $10B Originator
Several months ago, rumors began to surface that Pacific Union might be for sale...
November 8, 2018 - IMFnews
Most Products Saw a Decline in 3Q18, but Expanded-Credit Loans Bucked the Trend
A few mainstream lenders are starting to take notice, but most of the action is at a handful of nonbanks that have spearheaded the sector’s rise…
November 8, 2018 - IMFnews
HUD Working on MOU to Clarify Use of False Claims Act
FHA is considering its Mortgagee Review Board as an alternative to the FCA in meting out penalties...
November 7, 2018 - IMFnews
Will Rep. Maxine Waters tackle GSE reform?
November 7, 2018 - IMFnews
Ocwen’s New CEO Talks About Severance Payments, but Growth Too
Ocwen CEO Glen Messina: "Having completed the merger, we now have unrestricted access to PHH employees..."
November 7, 2018 - IMFnews
Expanded-Credit MBS Underwriting Not Loosening Much, Prepayments Remain High
Risk layering remains uncommon on the new breed of expanded-credit mortgages…
November 7, 2018 - IMFnews
QM Patch Expiration Could Shift More High-DTI Loans to FHA
Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...
November 7, 2018 - IMFnews
NYSE Suspends Trading in Ditech, Nation’s 13th Largest Servicer
Ditech said it has no plans to appeal the NYSE’s decision.
November 6, 2018 - IMFnews
Among the nation’s top 20 servicers at Sept. 30, Freedom Mortgage had the largest increase its MSR balances...
November 6, 2018 - IMFnews
Rated MBS Backed by Fix-and-Flip Bridge Loans Likely
Fix-and-flip financing has gradually increased each year since 2011…
November 6, 2018 - IMFnews
LoanStream Branches Out into Correspondent, Aims to ‘Dominate’ the Market
LoanStream was already originating nonprime mortgages via retail and wholesale outlets...
November 6, 2018 - IMFnews
Another Quarterly Loss for Ocwen, New CEO Messina Calls for ‘Re-engineering’ the Cost Structure
Ocwen is planning a re-engineering of its cost structure...
November 6, 2018 - IMFnews
Ginnie Asks Top Servicers to Come up with ‘Liquidity Plan’
One observer with clients who received the letter, said: “This has spooked the horses.”
November 5, 2018 - IMFnews
On Friday, long-time GSE critic Rep. Jeb Hensarling, R-TX, took one more rock to Fannie and Freddie...
November 5, 2018 - IMFnews
Mutual of Omaha’s MB Inks Deal to Buy Assets of BBMC
No details were provided regarding the assets that Synergy will take on…
November 5, 2018 - IMFnews
Ahead of 3Q18 Results, Impac’s Share Price Falls to a 52-Week Low
Impac’s share price fell to a new 52-week low Monday: $5.10.
November 5, 2018 - IMFnews
New Residential in Talks with Multiple Lenders to Buy Non-QM Loans
Nierenberg, a former Bear Stearns executive, stressed that New Residential is going to be relatively conservative with its underwriting standards for non-QMs.
November 5, 2018 - IMFnews
As the Clouds Roll In, Some Lenders Turn to Non-QM, Including FGMC
PIMCO, which controls FGMC, is no stranger to the non-QM market…
November 5, 2018 - IMFnews
Mortgage Brokers Gain Share in FHA Lending, but Lose Ground on VA
United Shore Financial Services ran the top FHA wholesale-broker program, generating $1.53 billion during the third quarter.
November 2, 2018 - IMFnews
A huge non-QM expansion for Athas Capital?
November 2, 2018 - IMFnews
MBA Urges CFPB to Relax, Clarify LO Comp Rule to Spur Lender Competition
MBA sent the CFPB a letter signed by 250 member firms…
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Most Popular Stories
- What We’re Hearing: GNMA’s Michael Bright is Taking No Chances / Ginnie Servicing is Now Worth… / Bright and the FHFA Job / The Bigger You Are… / 47 Percent of Lenders Eyeing the Non-QM Market? / Radian Gets a New Controller
- REIT MBS Holdings Grew in 3Q18. Non-Agency Product in Demand
- Under Michael Bright, Ginnie Mae Continues to Tighten Issuer Standards, Accountability
- After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More
- Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS
