Originations

Browse articles from IMFnews related to Originations.

February 15, 2019 - IMFnews

What We’re Hearing: Calabria, a Sure Bet? / Warm Thoughts About Fannie-Freddie Loan Limits / Retaining More Capital / Congress? / Conservatorship Purgatory / Looks Like Radian is in Play / A Sale Dragging On and On and On: Genworth / Industry Vet Rudy Orman Lands

On the doorstep: The recap and release of Fannie and Freddie?


February 15, 2019 - IMFnews

HomeStreet Bank Looks to Sell Mortgage Origination Business, MSRs

The Seattle-based depository hired Keefe, Bruyette & Woods and MountainView as sale advisors…


February 15, 2019 - IMFnews

Activist Elliott Pondering a Bid for Deephaven Mortgage?

Non-QM lenders are in demand these days, or so it appears…


February 15, 2019 - IMFnews

Redwood Cites Strong Competition in the Non-Agency Market

Redwood President Dashiell Robinson said demand for whole loans remains strong...


February 14, 2019 - IMFnews

Annaly Posts a Whopping $2.25 Billion Loss for 4Q18, Eyes the Non-Agency Market

Annaly CEO Kevin Keyes said the REIT is working to diversify its investment strategy, including a focus on acquiring new non-agency mortgages…


February 14, 2019 - IMFnews

Nationwide Appraisal Firm CoesterVMS Goes Bust

Back in November, the company’s founder and President Brian Coester said: “It’s business as usual here...”


February 13, 2019 - IMFnews

Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson

After two-plus years of waiting, the Genworth deal has yet to close...


February 13, 2019 - IMFnews

Ginnie Mae Approved Only 8 New Issuers in 2018

Nonbanks comprise 61% of approved servicers of Ginnie’s $2.04 trillion portfolio…


February 13, 2019 - IMFnews

Seer Capital Management Stocks Its First Non-QM MBS with Loans from HomeXpress, Athas

This marks Seer’s maiden voyage into the non-QM MBS market…


February 13, 2019 - IMFnews

Mortgage Jobs Grim with Selected Pockets of Hope

But not all conventional lenders are handing out pink slips these days...


February 13, 2019 - IMFnews

GSE Single-Family MBS Issuance Off to a Slow Start in January

Wells Fargo, Quicken Loans and PennyMac ranked first, second and third, respectively, in loan sales to Fannie and Freddie during January…


February 12, 2019 - IMFnews

Short Takes: GSE Junior Preferred Shareholders Could Get Paid / Wedbush Tells Investors to Take the Cash / New Rez Sees a Buying Opportunity in MSRs / CFPB to America: Save Some of That Tax Return!

Bove sees some type of compensation going to the preferred shareholders of Fannie and Freddie...


February 12, 2019 - IMFnews

Congress Zeroes In on Credit Bureaus in Legislative Effort

Since the public reveal of the Equifax data breach in 2017, complaints regarding credit reports have outstripped consumer gripes…


February 12, 2019 - IMFnews

Galton Increases IO Mortgage Share in Latest Expanded-Credit MBS

Loans from 51 lenders are represented in the new transaction, led by JMAC Lending…


February 12, 2019 - IMFnews

PE Firm to Take Ellie Mae Private in a Deal Valued at $3.7 Billion

Under the terms of the agreement, Ellie Mae shareholders will receive $99.00 in cash per share.


February 12, 2019 - IMFnews

The 4Q18 Tally: Banks Report Sharp Drop in Mortgage Banking Income

Much of the mortgage earnings damage took place at the top…


February 11, 2019 - IMFnews

Short Takes: Exiting a GSE Investment / The Fed Likely Will Greenlight the BB&T-SunTrust Merger / No. 9 / Please, Just Don’t Pick a Name Like Mr. Cooper / How Much Lower Can Ditech Go? / CoesterVMS?

The big unknown about the merger: Once completed, what name will the new bank and mortgage company take?


February 11, 2019 - IMFnews

PennyMac Bucks the Trend, Increases Originations in 4Q18

Most of PennyMac's production entails correspondent acquisitions from primary market originators, a strategy that typically carries lower profit margins...


February 11, 2019 - IMFnews

It’s Official: Ditech Readies Second Trip Into Bankruptcy, Seeks to Eliminate $800M of Debt

Ditech revealed that "any and all bids" for the company or its assets will be evaluated...


February 8, 2019 - IMFnews

What We’re Hearing: Salivating at the Prospect of a Fannie-Freddie Stock Offering? / Mulvaney Again / Waiting in the Wings for Treasury’s GSE Assignment? / What Could Stand in the Way? / MI Roundup / Wells Fargo, the MBS King / A New Legislative Hire for MBA: Tallman Johnson

But one thing is certain: the Trump White House is not monkeying around with GSE reform...


February 8, 2019 - IMFnews

Bill Introduced to Install an Independent IG at the CFPB

Currently, the bureau shares an inspector general with the Federal Reserve...


February 8, 2019 - IMFnews

While Conventional Lenders Slip, Angel Oak and Citadel Excel

In comparison, Wells Fargo, JPMorgan Chase and Quicken Loans posted volume declines of 17.1%, 19.3% and 3.0%, respectively…


February 8, 2019 - IMFnews

Calabria’s FHFA Nomination Hearing Set for Feb. 14

Calabria has firm support among Republicans on the SBC and the backing of Senate Minority Leader Mitch McConnell...


February 8, 2019 - IMFnews

MBA Issues Primer for Smooth LIBOR Transition

MBA wants lenders to act early on issues identified in the primer to ensure transition to a new benchmark rate is as seamless as possible.


February 8, 2019 - IMFnews

Agency MBS Production Fell Modestly in January

It was the lowest combined output for the three agencies since February 2016, when just $80.49 billion of new MBS were issued.


February 7, 2019 - IMFnews

Short Takes: Hoping and Praying for the Right GSE Outcome / Contemplating a Settlement by the Government / Setting the Table for a Merger / #9 Mortgage Dream: SunTrust-BB&T Deal / IMA’s Bulk MSR Deal

Open hostility toward the government's GSE case?


February 7, 2019 - IMFnews

BlackRock’s Stake in Ocwen Financial: 6.3%. Meaning?

Ocwen would like to buy mortgage servicing rights once again, but…


February 7, 2019 - IMFnews

4Q18 Ugly: All Major Mortgage Product Groups Suffer

Expanded-credit was the only corner of the market that grew last year – by an estimated $7.6 billion…


February 7, 2019 - IMFnews

Mortgage Tech in Transformation? Ellie Mae Contemplates a Sale

Industry consultant Paul Hindman: “It’s all about the next tech platform.”


February 7, 2019 - IMFnews

A Mortgage Giant in the Making? BB&T, SunTrust Set Merger

Once the merger is completed, the combined institution will rank ninth, just ahead of AmeriHome Mortgage.


February 6, 2019 - IMFnews

Short Takes: About That Net Worth Profit Sweep… / A Permanent Ginnie President? / LOs Tell the Fed: Loan Demand is Weaker / A Lack of Experienced Underwriters for Non-QMs / A New Loan Officer at Castle & Cooke

Unless a change is made to the terms of their “bailout,” Fannie and Freddie will upstream most of what they earn to Treasury by the end of March...


February 6, 2019 - IMFnews

Civil Rights Groups Up in Arms Over Crapo’s GSE Reform Plan

CRL and other groups noted: “To date, Congress has exercised extreme caution in repairing the housing finance system…”


February 6, 2019 - IMFnews

Quick Turn Time for Prolific Lone Star on New MBS

Mortgages in the MBS have an average credit score of 720…


February 6, 2019 - IMFnews

Mnuchin: Treasury Prepared to Go It Alone on GSE Reform

Treasury’s GSE plan is being shaped by Senior Treasury Counselor Craig Phillips, who cut his teeth on Wall Street as an MBS trader…


February 5, 2019 - IMFnews

Short Takes: Deephaven Interest / Don’t Worry About the ‘GSE Patch’ / Simmering Down a Bit: GSE Common / Carl Icahn? / Job Openings at Quicken Loans / Caliber Hires Stearns Executive Hecht / A Promotion for Riskey

A mortgage slowdown? Not everywhere: Quicken Loans says it has more than 700 job openings…


February 5, 2019 - IMFnews

A Banner Year for Angel Oak, Firm Doubles Non-QM Production

Angel Oak Managing Partner Michael Fierman: “We continue to see great potential for this market…”


February 5, 2019 - IMFnews

NAR Calls for Release of FHA Condo Rules

NAR believes worthy borrowers for too long have been unable to purchase the home of their choice because of FHA’s restrictive condominium rules...


February 5, 2019 - IMFnews

Nonbanks Amassed Large MBS Market Share in 2018

Over the same timeframe, agency MBS production by commercial banks, thrifts and credit unions fell 17.2 percent…


February 5, 2019 - IMFnews

$1B A Year Producer Calls It Quits, Citing 'Market Conditions'

Brian Foran of Autonomous Research: “Announcements like this have been surprisingly few and far between..."


February 4, 2019 - IMFnews

Short Takes: Home Point Takes a Dive into the Non-QM Market / #28 Overall / Redwood Selling Additional Shares / Relationships / Not So Fast on that Title Deal

Another 'A' paper lender is jumping into the non-QM pool.: Home Point...


February 4, 2019 - IMFnews

Ellie Mae Share Price Spikes on Sale Rumor

In late January, the software vendor gave its senior executives new performance share grants...


February 4, 2019 - IMFnews

As More Lenders Enter Non-QM Space, Underwriting Tightens (So Far)

For expanded-credit MBS issuance in all of 2017 and 2018, the average credit score was 714.9.


February 4, 2019 - IMFnews

Fairholme Tells its Shareholders to Hang in There on Fannie and Freddie

Fairholme's Bruce Berkowitz suggests the best is yet to come...


February 4, 2019 - IMFnews

Third-Party Producers Continue to Dominate in the FHA/VA Space

Meanwhile, the wholesale-broker share of FHA/VA purchase lending inched up to 13.3% in 2018, a 40 bps upward wiggle…


February 1, 2019 - IMFnews

What We’re Hearing: Craig Phillips, the ‘Ax’ / What We Talk About When We Talk About GSE Reform / Next Up: Meetings on Capitol Hill / Time for Treasury to Hire an Investment Banker? / Keeping an Eye on loanDepot / More VC Money for Better Mortgage

And some point, it stands to reason that the U.S. Treasury Department would hire an investment banking firm with a specialty in Washington matters to assist in a recap and release plan…


February 1, 2019 - IMFnews

Sen. Crapo Releases GSE Reform Outline. Is it DOA?

Under the Crapo plan, the multifamily business of Fannie and Freddie would be sold to the highest bidder...


February 1, 2019 - IMFnews

HFSC Freshmen Aim to Be Players on Housing, Fair Lending Issues

Keep an eye on Rep. Katie Porter, the freshman Congressman from California…


February 1, 2019 - IMFnews

‘Crazy Pricing’ Blamed for Lower Origination Volume

Flagstar CEO Sandro DiNello said some lenders are pricing mortgages “irrationally…”


February 1, 2019 - IMFnews

Another Record Year for GSE Credit-Risk Transfers

CRT deals have redefined the Fannie/Freddie business model…


January 31, 2019 - IMFnews

Ginnie Imposes Pooling Restrictions on loanDepot, Reinstates Freedom Mortgage

The pooling restriction on loanDepot is effective for Feb. 1, 2019...


Poll

Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.

53%

Time for a change. Borrowers are different today.

35%

Undecided, still assessing the situation.

12%