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Home » Topics » News » IMFnews

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Homestar Financial Ceases Retail Operations

October 25, 2023
James Dohnert
The Georgia-based lender will accept locks through the end of the month before shuttering its retail operations.
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Short Takes: Mortgage Applications Down / Mr. Cooper Earnings Up in 3Q / Homebuyers Increasingly Looking to Move Out of State / Finance of America Expands Rollout of HomeSafe Second Program / ICE Report Correction

October 25, 2023
Brandon Ivey and James Dohnert
Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.
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Federal Reserve Approves New Community Reinvestment Act Rule

October 24, 2023
Sam Manas
New rule maintains the tiered evaluation framework that exists under the current CRA rules while adding some requirements and flexibilities.
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Expanded-Credit MBS Issuance Grows in 3Q

October 24, 2023
James Dohnert
Expanded-credit MBS picks up in the third quarter thanks to originations by Acra Lending and CrossCountry Mortgage.
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ABS Market Buzzing Amid Fears of a Recession

October 24, 2023
Brandon Ivey
More than 5,500 people attended the ABS East conference this year, a record for the event.
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FCI Taps Private Blockchain for Servicing

October 24, 2023
James Dohnert
FCI Fintech developed a patent-pending interplanetary file system that allows the private blockchain to be live with the servicing program.
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Short Takes: More Bulk Auctions for MSRs / AGNC Reports Preliminary Third Quarter Estimates / Delinquency Rate on the Rise / Home Seller Profit Margins Increase

October 24, 2023
James Dohnert
More bulk auctions of mortgage servicing rights are on the horizon; Real estate investment trust AGNC reports preliminary estimates for the third quarter of 2023; ICE reports that foreclosures increased in September; Attom finds home seller profit margins rose in 3Q.
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Primary MI Activity Down at GSEs, Up at FHA in 3Q

October 20, 2023
John Bancroft
GSE securitization of mortgages with private MI declined in the third quarter while FHA activity increased.
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DOJ, Ameris Bank Settle Redlining Allegations

October 20, 2023
Sam Manas
The settlement requires Ameris to issue $7.5 million in mortgage subsidies in majority-Black and Hispanic neighborhoods.
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Originations Increase at Western Alliance, Margins Shrink

October 20, 2023
Brandon Ivey
Volume up, margins down.
Read More
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Latest Imf News

  • Mortgage-Related Complaints to CFPB Increase in Fourth Quarter

  • Income Increases at AGNC in Fourth Quarter

  • Credit Reporting Industry Supports Tri-Merge

  • GSE-Eligible Loans Flowing Into Non-Agency MBS

More Imf News

Featured Data

  • Rocket/Mr. Cooper Top UWM With GSE Deliveries

  • Lenders Shift GSE Business to Higher Quality in Fourth Quarter

  • Agency Refi Business With MI Spikes in Fourth Quarter

  • RMBS Issuance Ends Banner Year With Modest Decline

More Featured Data

Featured Reports

  • Top Mortgage Players: 3Q25 (PDF)

  • Lender Profiles 3Q25: Top 25 (PDF subscription)

  • Agency Channel Analysis: 3Q25 (PDF)

  • Mortgage Profitability Report 3Q25 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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