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Home » Topics » IMFnews » Originations

Originations
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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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Profits at FHLBanks More Than Doubled in 2023

March 13, 2024
Dennis Hollier
Outstanding advances were down for the year after a surge in the first quarter.
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Gordon Asks NAHREP Members to Highlight FHA Program

March 13, 2024
Monica Hogan
FHA Commissioner Julia Gordon said FHA loans don’t take longer to close than other loans.
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Guild Takes Losses on Originations, Servicing in 4Q

March 13, 2024
Brandon Ivey
Originations declined as did the value of the nonbank's MSR portfolio.
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Another Tough Quarter for loanDepot

March 13, 2024
Paul Muolo
Companywide, revenue last year came in at $974.0 million, down 22.3% from 2022.
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