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Home » Topics » IMFnews » Originations

Originations
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CFPB Proposal on Open Banking Excludes Mortgage Companies

November 1, 2023
Sam Manas
With the CFPB's open banking proposal, consumers would be able to connect checking, credit card, digital wallet and prepaid accounts to third-party institutions in order to access different products and services.
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Short Takes: ARM Share Increasing / loanDepot Offers Second Lien for FHA Mortgages / Redwood Returns Quickly With Jumbo MBS / HUD Selling HECMs

November 1, 2023
Brandon Ivey
ARMs accounted for 10.7% of mortgage applications last week.
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Mortgage-Related Complaints to CFPB Decline

October 31, 2023
Namrata Bhatia
Complaints about mortgages were down 6.2% compared with the second quarter.
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Redwood Posts Loss Despite Jumbo Portfolio Gains

October 31, 2023
James Dohnert
Redwood Trust spilled red ink in the third quarter but expanded its jumbo portfolio and bank partnerships over the last three months.
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GSE Move to Bi-Merge Credit Score Process Faces Pushback

October 31, 2023
Dennis Hollier
Republicans in the Senate have concerns and a report from TransUnion highlighted negative impacts from the move.
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Short Takes: Home Prices Increase / Large Loss for AGNC / Profits Increase at Two Harbors / New President at Cenlar

October 31, 2023
Brandon Ivey
Prices were up 5.6% on an annual basis in August, according to FHFA.
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Underwriting on Fannie/Freddie Loans Tightens in 3Q23

October 30, 2023
Brandon Ivey
Underwriting trends largely held steady for refis in the third quarter...
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Homestar Undecided on Fate of ‘Other’ Assets

October 30, 2023
Paul Muolo
In 2022, Homestar originated $2.5 billion in residential loans...
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Originations Down in 3Q, Trends at Top Lenders Vary

October 27, 2023
John Bancroft
Mortgage originations declined by an estimated 3.8% in the third quarter on a sequential basis.
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PennyMac Turns Profits on Originations, Servicing in 3Q

October 27, 2023
Brandon Ivey
Net income at PennyMac Financial Services increased in the third quarter thanks to the nonbank's servicing portfolio.
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