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Home » Topics » IMFnews » Originations

Originations
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Strong Demand for Mortgages Tied to New Homes

December 20, 2023
Brandon Ivey
Applications for purchase mortgages for new homes were up in November while total purchase-mortgage application volume was down on an annual basis.
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Short Takes: Applications Slow / loanDepot’s New Line of Credit / Another Loss on Old MBS / Stellar Innovations / Correction

December 20, 2023
Brandon Ivey and Paul Muolo
Loan applications declined even as interest rates came down further.
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FHA/VA Lending Stands Out in Third Quarter

December 19, 2023
Monica Hogan
FHA's share of the FHA/VA market hit 61.5% in the third quarter, the highest level in at least 10 years.
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Navy Federal Retains Civil Rights Lawyer for Lending Assessment

December 19, 2023
Brandon Ivey
Debo Adegbile, the lawyer retained by Navy Federal, is a former commissioner on the United States Commission on Civil Rights.
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Consumer Groups Happy With New CDFI Certification Process

December 19, 2023
James Dohnert
Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.
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Short Takes: Slow Recovery Expected / Mild Recession? / Home Price Appreciation Slows / New Expanded-Credit MBS

December 19, 2023
Brandon Ivey
Fannie Mae expects a slow pace of recovery from previously recessionary levels of housing activity.
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CrossCountry Strikes a Deal in Texas? Looks That Way

December 18, 2023
Paul Muolo
Ron Leonhardt founded the acquisition-minded CrossCountry Mortgage in 2003...
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Banks Continue to Dominate the ARM Market

December 18, 2023
James Dohnert
The nation's top 10 ARM originators in 2023 are all federally insured, led by Chase, BofA and U.S. Bank...
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Court Narrows Scope of RESPA Treble Damages

December 15, 2023
Sam Manas
The lender argued the RESPA damages should be limited to three times the amount each borrower was overcharged for title and settlement services.
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Short Takes: Bipartisan Support on Trigger Leads / Quantifying the Refi Opportunity / New Expanded-Credit MBS / Thrive to Merge With Lower

December 15, 2023
Brandon Ivey and John Bancroft
S. 3502, the Homebuyers Privacy Protection Act, received prompt support from a number of industry trade groups.
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