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Home » Topics » IMFnews » Originations

Originations
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MBA: Steep Origination Losses for 4Q23, Just 29% of Lenders are Profitable

March 18, 2024
Paul Muolo
MBA said lenders were unable to "sufficiently adjust resources to align with fluctuating rates and volumes"...
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Guild Pays $13.4 Million for Academy Plus Earn-Out

March 15, 2024
Brandon Ivey
Guild held off on disclosing the purchase price for Academy Mortgage until filing its annual report.
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MBS Prices Soften on Fed’s Higher-for-Longer Stance

March 15, 2024
Paul Muolo
With rates rising, MBS prices are once again skidding, causing traders to rethink their plans for the immediate future.
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Losses at Blend Narrow in Fourth Quarter

March 15, 2024
Brandon Ivey
Blend took a loss of $179.9 million for the full year 2023 after a loss of $763.8 million the previous year.
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Short Takes: NAR Settles Commission Litigation / Servicing Stats / Hearing to Look at Homebuyers / Housing Improving

March 15, 2024
John Bancroft and Brandon Ivey
NAR's settlement essentially eliminates the requirement for home sellers to pay a fee to the homebuyer's real estate agent.
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Bank Retail Lending Declines in Fourth Quarter

March 14, 2024
Namrata Bhatia
Retail mortgage originations by banks and thrifts declined by 16.6% in the fourth quarter.
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Non-Agency MBS Issuers Bring Larger Deals

March 14, 2024
Brandon Ivey
Invictus has an MBS with non-agency mortgages for investment properties, Figure is marketing a HELOC securitization and Rocket is offering a closed-end second deal.
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Bank Settles Wage Theft Lawsuit With Loan Originators

March 14, 2024
Shannon Clark
The lawsuit alleged Banner violated the Fair Labor Standards Act by not compensating mortgage loan officers who were required to work off the clock and more than eight hours per day.
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Banks Looking Into Credit Risk Transfer Deals

March 14, 2024
Brandon Ivey
The capital relief that CRT deals provide is important for banks as federal regulators look to increase capital requirements.
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Short Takes: Waiting for Details on FHFA Pilot / UWM to Cover Costs of Hard Credit Pulls for Brokers / No Questions on Cyberattack / New Listings of Homes Increase

March 14, 2024
Brandon Ivey
Industry participants are waiting on further details from the FHFA regarding a pilot to waive title insurance requirements.
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