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Home » Topics » IMFnews » Originations

Originations
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Servicing Income Helping to Prop Up Lenders

November 30, 2023
John Bancroft
Large mortgage companies are seeing flat income from originations and increasing income from servicing.
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FHA Seeks Comments on Proposed Rehab Program Revisions

November 30, 2023
Monica Hogan
FHA plans to reduce barriers to the 203(k)-rehabilitation loan program.
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Short Takes: LO Reality Show / Impact of Higher Rates / Sticker Shock for Home Sales / Affordability Constrained

November 30, 2023
Brandon Ivey
Fairway Independent Mortgage created a “docuseries” following teams of loan originators at the lender.
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FHLBank Earnings, Advance Usage Down in Third Quarter

November 29, 2023
Dennis Hollier
The 11 Federal Home Loan Banks reported net income of $1.74 billion for the third quarter, down 5.7% from the previous period.
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BofA Fined $12 Million for HMDA Misreporting

November 29, 2023
Sam Manas
The CFPB fined Bank of America $12 million for claiming mortgage applicants chose not to provide race, ethnicity and sex data when in reality applicants hadn't been asked about it.
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Correspondent Outlets Showing Strong Demand for Loans

November 29, 2023
Brandon Ivey
Guild Mortgage's originations unit turned a profit in the third quarter thanks to strong demand from correspondent buyers.
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Short Takes: FHA Loan Limits / Immediate Implementation / Home Price Declines? / Applications Depressed

November 29, 2023
Brandon Ivey
Now that the 2024 conforming limits have been set, the FHA and lenders are setting their 2024 boundaries...
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GSE Loan Limits to Increase 5.6% in 2024

November 28, 2023
Brandon Ivey
The baseline conforming loan limit for one-unit properties will be $766,550 in 2024.
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Flagstar Sues Mortgage Lender Over Unpaid Warehouse Lines

November 28, 2023
Paul Muolo
According to the lawsuit, Hometown Lenders owes Flagstar Bank roughly $21 million from unpaid warehouse lines.
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Short Takes: MI Exempt From SEC Rule / BofA Providing Financing to Rocket / Blend Scales Back Financing / Climate Risk and Inequality

November 28, 2023
Brandon Ivey and Paul Muolo
Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.
Read More
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