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Home » Topics » Inside Mortgage Finance » Originations

Originations
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First American Works to Recover From Cyber Incident

January 4, 2024
Brandon Ivey
The company experienced a cyberattack Dec. 20 and took various systems offline to address the issue. System access started to be restored late last week and First American cautioned that sensitive data had been accessed.
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Home Equity Lending Slows in Third Quarter

December 21, 2023
Brandon Ivey
Originations of home equity lines of credit and closed-end second liens declined somewhat in the third quarter. Home price appreciation was offset by rising interest rates. (Includes three data tables.)
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Revenge of the Little Guys: Small Lenders Gain Share

December 21, 2023
John Bancroft
Nonbanks regained market share among the top 100 mortgage producers in the third quarter despite a small decline in volume. First-lien lending at small banks and credit unions was up. (Includes two data tables.)
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First American Claims Title Insurance Not a Major Cost

December 21, 2023
Dennis Hollier
First American Financial argues that title insurance is a negligible life-of-loan cost for homeowners and is not regressive.
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Another Hurdle for Finance of America: A Possible Delisting

December 21, 2023
Paul Muolo
The publicly traded reverse mortgage lender faces NYSE delisting, while surviving on covenant waivers granted by its warehouse financiers.
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Treasury Strengthens CDFI Certification Criteria

December 14, 2023
James Dohnert
The revised CDFI certification process will improve lender accountability and streamline the application process.
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CrossCountry Readies Another M&A Deal

December 14, 2023
Paul Muolo
CrossCountry Mortgage owner Ron Leonhardt wants his nonbank to be the largest lender in the land. One way to do that is to buy other shops — and it looks as though CCM has another target in its sights.
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Court Upholds Restrictions on Better in Employee Dispute

December 14, 2023
Brandon Ivey
Better Mortgage cannot communicate with its underwriters on wage-and-hour issues unless it receives approval from a district court.
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Multifamily Business Remains Slow at the GSEs

December 14, 2023
Dennis Hollier
The GSEs’ new multifamily loan acquisitions came to just $82.7 billion in the first 10 months of the year. That was down 23.8% from the first 10 months of 2022.
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Agency High-Balance Loans Soar in 3Q23, Jumbo Slumps

December 7, 2023
John Bancroft
Fannie, Freddie and Ginnie all saw sturdy increases in agency-eligible high-balance loans during the third quarter. The non-agency jumbo market remains significantly bigger, but production fell.
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