Originations

Browse articles from IMFnews related to Originations.

September 19, 2017 - IMFnews

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

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

Short Takes: MBA Wants a Change in HUD Reinspection Policies / Having an FHA Commissioner Might Help / Montgomery Resigns from Radian Board / DBRS Updates Due Diligence Criteria / A New Hire for Mortgage Network

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

Short Takes: Patenaude Finally Gets Senate Approval to be the #2 at HUD / Acting Ginnie Chief Vows Progress on VA Refi Abuses / Radian Readies Huge Note Sale / A New Hire for eOriginal

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

Short Takes: The RNC is on Board with Fannie and Freddie Building Capital / GSE Investors Might be Sitting Pretty / Shellpoint’s Jumbo Deal / Applications Spike / Irma CMBS Damage Update

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

Short Takes: At SoFi, CEO Cagney is Out. As for the IPO… / Stock Options as an Enticement / Patenaude Nomination Could Get a Vote / Flawless TRID Implementation? / Arbolida to Manage LA Branch for Finance of America

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

Short Takes: Former DB Exec Paul Mangione Slammed in DOJ Civil Complaint / Fort Schuyler Advisors? / Angel Oak Passes $7B Mark / Richard Cordray? / A New CFO for LenderLive

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

Short Takes: More MSR Growth for PennyMac / PHH Ready for Massive Stock Buyback / Former FHLB Dallas Officials Indicted / Former Fannie Mae Exec Hisey Lands at Stewart

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

What We’re Hearing: Treasury Mulls Plans for Fannie and Freddie / $200 Billion Should Do It / GSE Hearing Nixed / Milken Ramps Up Its Involvement / How Low Might the 10-Year Fall / Warren Likes Real Estate and Gets a Mortgage Company Too

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

Short Takes: Wells Fargo and UWM Weigh In on Hurricane Irma / Non-Agency MBS Not Impacted by Harvey / Clayton Rolls out ‘Readiness Solution’ for Nonprime / A Promotion at LendingTree

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

Short Takes: Loan Closings Cancelled in Parts of FL as Hurricane Approaches / A Rarity: Podium Readies Jumbo MBS Backed by Reverses / Applications and Refis on the Rise / Freddie Exec Takes CIO Job with Subservicer Cenlar

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

First ‘Expanded Prime’ MBS from Redwood Shows Somewhat Looser Underwriting than Typical Super-Prime Jumbos

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…


Poll

The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

vote to see results