Originations
Browse articles from IMFnews related to Originations.
January 18, 2019 - IMFnews
The title of the new GAO report says it all: The Prolonged Conservatorships of Fannie Mae and Freddie Mac...
January 18, 2019 - IMFnews
‘Mega’ Jumbos Surge. But Who’s Originating Them?
You’ve heard of “super” jumbos. What about “mega” jumbos?
January 18, 2019 - IMFnews
Angel Oak Preps Largest Post-Crisis Nonprime MBS
Some 51.1 percent of the loans were underwritten using borrower bank statements.
January 18, 2019 - IMFnews
Megabanks’ Originations Weak, MSR Values an Issue
Publicly traded nonbank giants, including PennyMac and Mr. Cooper, have yet to report results, but there’s nothing to suggest these shops will fare much better…
January 17, 2019 - IMFnews
Mortgage Employment Falls to 10-Month Low
Conventional lenders will have a tougher time of it this year...
January 17, 2019 - IMFnews
The Seterus platform will cut 300 full-time workers in the Durham area. The unit is being sold to Mr. Cooper...
January 17, 2019 - IMFnews
Ditech Gets a Breather from Its Note Holders (For Now); COO Terminated
Ditech also terminated the employment of Chief Operating Officer Ritesh Chaturbedi.
January 17, 2019 - IMFnews
‘Digital’ Lender Better Mortgage Triples Originations
Better said the company’s LOs originate an average of 40 loans per month versus the industry average of 4.2 loans...
January 16, 2019 - IMFnews
Socialist Rep. Alexandria Ocasio-Cortez, D-NY, will sit on the House Financial Services Committee, which oversees banking, mortgages, as well as Fannie Mae and Freddie Mac.
January 16, 2019 - IMFnews
Private MIs Boost Share of Agency Purchase Loans
The FHA share of insured purchase loans has been falling…
January 16, 2019 - IMFnews
Ginnie Mae Postpones Annual Summit, Citing Government Shutdown
Scheduled speakers included Housing and Urban Development Secretary Ben Carson, Kasper and Edward DeMarco, former acting Director of the Federal Housing Finance Agency.
January 16, 2019 - IMFnews
Residential Lending Declines for Both BofA and U.S. Bank
A top ten lender, U.S. Bank produced $9.1 billion of mortgages in 4Q18, a 19.1 sequential decline...
January 16, 2019 - IMFnews
GSE Market Shifted Toward Megabanks in 4Q18
Chase’s secondary market patterns are typically herky-jerky…
January 16, 2019 - IMFnews
JPM Packs GSE-Eligible Collateral into a $978 Million Non-Agency MBS
Roughly 42 originators are providing collateral for the JPM MBS…
January 15, 2019 - IMFnews
We understand a bit of a price war may be brewing in the non-QM market...
January 15, 2019 - IMFnews
Consumer Complaints Up 3.8 Percent in 2018. Mortgage Gripes Tank
Companies with the most gripes filed against them were the three major credit reporting bureaus: Equifax, Experian and TransUnion...
January 15, 2019 - IMFnews
First Republic Bucks the Trend and Increases Mortgage Originations
Jumbo mortgages account for the vast majority of First Republic’s single-family production.
January 15, 2019 - IMFnews
Residential Production Down by Almost 24 Percent at No. 2-Ranked JPMorgan Chase
JPM valued its MSR portfolio at 117 basis points at the end of the fourth quarter, reducing the mark from 122 bps in 3Q18...
January 15, 2019 - IMFnews
Residential Production Falls 17 Percent at Wells Fargo, Mortgage Profits Plunge
Management blamed the lower figures on “seasonality.”
January 14, 2019 - IMFnews
The IRS resumed providing income verification services a week ago and the agency expected to catch up on volume...
January 14, 2019 - IMFnews
Citigroup Sees Retail Residential Production Drop by Almost 15 Percent
Compared to the same period a year earlier, retail loan production fell by 23.3 percent at Citigroup...
January 14, 2019 - IMFnews
Redwood Set to End Lull in Prime Non-Agency MBS
The Redwood transaction is set to close Jan. 17…
January 14, 2019 - IMFnews
Retail Channel Continues to Lose Market Share as Correspondent Surges
Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...
January 11, 2019 - IMFnews
We’re just 11 days into the new year and already things are getting interesting in the mortgage industry...
January 11, 2019 - IMFnews
What Michael Bright’s Resignation Might Mean for GSE Reform
The odds of GSE “recap and release” becoming a reality just went down…
January 11, 2019 - IMFnews
Lenders Not Liable for a Servicer’s RESPA Violation
Under RESPA, servicers are generally required to consider borrowers for loss mitigation if the servicer receives a loss mitigation application at least 37 days before a scheduled foreclosure sale.
January 11, 2019 - IMFnews
Non-Agency MBS Issuance Faded in Fourth Quarter
The ECM sector was one of the few that recorded MBS production gains during the fourth quarter…
January 11, 2019 - IMFnews
CFPB Report Raises Questions about Non-QMs, DTIs, Servicing and More
The CFPB determined the ATR rule has reduced lending to some extent to borrowers with high debt-to-income ratios…
January 10, 2019 - IMFnews
With Michael Bright's departure, GSE "recap and release" just got hurt...
January 10, 2019 - IMFnews
As Business Slows, Lenders Cut Branches, Channels; Movement Gets Eagle Franchise
Movement said the acquisition “significantly” expands its presence in the Pacific Northwest and Mountain West…
January 10, 2019 - IMFnews
Acting Ginnie Mae President Michael Bright Bolts Agency for SFIG
Bright will earn significantly more working for SFIG than at Ginnie, easily doubling his salary and then some...
January 10, 2019 - IMFnews
New Residential Looks to be a Frequent Issuer of Non-QM MBS, Preps Latest Issuance
New Residential also will buy non-QMs from lenders other than New Penn...
January 10, 2019 - IMFnews
Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS
Fannie and Freddie securitized $66.89 billion of single-family loans with private MI coverage during the fourth quarter…
January 9, 2019 - IMFnews
Market Shocker: Ginnie Mae Interim President Michael Bright Quits
Bright was first nominated to the post by President Trump in May of last year. He had been serving as an EVP at Ginnie.
January 9, 2019 - IMFnews
Four years ago, Leslie Peeler, the Fannie Mae senior vice president in charge of the GSE’s servicing decisions, left the mortgage giant for Seterus.
January 9, 2019 - IMFnews
Angel Oak Expects Sustained Non-QM Growth in 2019
The non-QM market is booming, said Angel Oak executive Tom Hutchens…
January 9, 2019 - IMFnews
FHA Tells Servicers to be Lenient Toward Furloughed Federal Workers and Contractors
The FHA handbook states that servicers can receive a “financial incentive” for offering forbearance...
January 9, 2019 - IMFnews
Cascade services $1.3 billion of product…
January 8, 2019 - IMFnews
Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate.
January 8, 2019 - IMFnews
TMS Exiting Retail and Wholesale Channels, Will Focus on Servicing, Correspondent Acquisitions
AmeriSave said it wants to scale its origination business…
January 8, 2019 - IMFnews
BB&T Quietly Cuts Mortgage Staff Including Correspondent Manager
The RIFs at BB&T started in December and more are expected...
January 8, 2019 - IMFnews
Morningstar Expects Looser Underwriting on Non-Agency Loans in 2019
Morningstar expects the market share will increase for ARMs, interest-only loans and mortgages with higher loan-to-value ratios…
January 8, 2019 - IMFnews
The Final Ginnie Mae Issue Tally for 2018: $388 Billion
Feeding the decline was an 18.8 percent sequential drop in VA purchase loans…
January 7, 2019 - IMFnews
Roughly 45 percent of respondents said they definitely will enter the the Non-QM market this year.
January 7, 2019 - IMFnews
Democrats on the HFSC Seek FHA Loans for DACA Recipients
Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.
January 7, 2019 - IMFnews
CMG Mortgage Expands in the Northeast, Assumes 14 RPM Branches
RPM CEO Rob Hirt was good-natured about the departures: “I wish CMG continued success into 2019…”
January 7, 2019 - IMFnews
loanDepot Hires Caliber Executive John Bianchi to Head National Sales
loanDepot founder and CEO Anthony Hsieh: “We believe in distributed retail…”
January 7, 2019 - IMFnews
Non-Agency MBS Issuance Nearly Doubled in 2018
JPMorgan Chase and Redwood Trust are the dominant issuers of non-agency MBS…
January 4, 2019 - IMFnews
One former Fannie Mae executive familiar with Seterus opined that IBM likely received “pennies” compared to what it invested in Seterus...
January 4, 2019 - IMFnews
Government Shutdown has Little Effect on FHA/VA Loan Programs (So Far)
No disasters have been reported yet, but some lenders are beginning to worry...
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- Megabanks’ Originations Weak, MSR Values an Issue
- Nonbanks Significantly Increase Agency Servicing Market Share
- Ditech Gets a Breather from Its Note Holders (For Now); COO Terminated
- ‘Digital’ Lender Better Mortgage Triples Originations
