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Home » Topics » IMFnews » Originations

Originations
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Banks Pull Back on Mortgage Lending, Pinching Profits

August 15, 2023
James Dohnert
While curtailing lending can help banks conserve capital, Moody’s Investors Service warned that the strategy could backfire.
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Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management?

August 15, 2023
Brandon Ivey
Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...
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Uncertainty on Timeline of New Credit Score Models

August 11, 2023
Dennis Hollier
Industry wants more time to comply with new credit score requirements.
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Retail Channel Gains Share in Agency Market

August 10, 2023
Andras Malatinszky
The retail channel gained market share from brokers and correspondents in the second quarter.
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Short Takes: Ishbia Bashes Rocket / UWM Goes High and Low / Foreclosures Decline / ‘Clueless’ on Housing

August 10, 2023
Brandon Ivey
Rocket has “kind of fallen off the deep end,” according to Mat Ishbia, chairman and CEO of United Wholesale Mortgage.
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Deliveries to GSEs Slow in July

August 9, 2023
Dennis Hollier
Volume was off 10.4% in July compared with June.
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United Wholesale Mortgage Recovers From Loss in 1Q

August 9, 2023
Brandon Ivey
Much of the reversal in UWM’s earnings in the second quarter was tied to changes in the value of mortgage servicing rights.
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Losses Narrow at loanDepot in Second Quarter

August 9, 2023
Paul Muolo
CEO Frank Martell warned loanDepot will continue to “aggressively” reduce costs, a likely nod to additional layoffs.
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Short Takes: Elevated Interest Rates for FHA / Loss for FoA / WAMC Goes with AGMIT

August 9, 2023
Brandon Ivey
Interest rates on FHA mortgages are at levels last seen in 2002.
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Mortgage Profits at Banks Increase in Second Quarter

August 8, 2023
John Bancroft
JPMorgan Chase led the industry with $274.0 million in mortgage fees and related income, a 22.9% boost from the first quarter.
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