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Home » Topics » IMFnews » Originations

Originations
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Subtle Shifts in Denial Rates for Purchase Mortgages

May 21, 2024
Shannon Clark
Denial rates on purchase mortgages inched up in 2023 except for FHA loans, where the rate declined.
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CSBS Proposes Increasing Fees for Licensing Activities

May 21, 2024
Brandon Ivey
The proposed increases range between about 17% and 25%, depending on the fee.
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AU Algorithms (AI) Under Attack in Two States. GSEs Could Be Impacted

May 20, 2024
Dennis Hollier
The AU systems embedded in Fannie’s Desktop Underwriter and Freddie's Loan Product Advisor could be impacted...
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Refis Drive Originations Up in First Quarter

May 17, 2024
Brandon Ivey
An estimated $59.0 billion of refis were originated in the first three months of the new year, a 31.1% increase from the previous quarter.
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Mortgage Lenders Relieved by SCOTUS Ruling on CFPB

May 17, 2024
Brandon Ivey
Bob Broeksmit, president and CEO of the MBA, said that if the Supreme Court had invalidated the CFPB's rules, there would have been a severe impact on the housing market.
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FHFA Seeks Comment on the Mission of the FHLBanks

May 17, 2024
Dennis Hollier
Six months after completing its year-long review of the Federal Home Loan Bank System, FHFA is asking housing industry stakeholders how to create a mission statement that restores the banks' focus on housing.
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United Wholesale Launches New Product, Services

May 17, 2024
Brandon Ivey
There's a new no-downpayment purchase mortgage product and title insurance services.
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Short Takes: Fudge Lands at Law Firm / CrossCountry Offers Death Benefit / HELOC Securitization From Figure / PIMCO Wins RPL Auction by Fannie

May 17, 2024
Brandon Ivey
Marcia Fudge is now a partner and chair of public policy at Taft, a law firm.
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Supreme Court Rules CFPB’s Funding is Constitutional

May 16, 2024
Shannon Clark
The 7-2 decision upholds the bureau’s ability to receive funding directly from the Federal Reserve and overturns a decision by the Fifth Circuit Court of Appeals.
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Broeksmit Calls for National Housing Policy Director

May 16, 2024
Monica Hogan
“The current approach is clearly failing,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association.
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