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Home » Topics » IMFnews » Originations

Originations
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FHFA Conducting Targeted Exams of Nonbanks

March 29, 2024
Brandon Ivey
Between October 2021 and August 2023, 21 exams were conducted.
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Subtle Shifts in Securitization Rate as Lending Declines

March 29, 2024
Brandon Ivey
The securitization rate for residential mortgages was 72.1% in 2023.
Read More

Congress Divided on Solutions for Housing Affordability

March 29, 2024
Monica Hogan
Lawmakers across both parties agree that housing costs are unaffordable, but there's no consensus on how to address the issue.
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State Court Ruling Favors CFPB’s Stance in TILA Case

March 29, 2024
Shannon Clark
The lawsuit centers on whether requirements under the Truth in Lending Act apply to mortgages that are marked as commercial on loan documentation but have certain residential characteristics.
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Short Takes: FHFA to Improve Exam Practices / Better Taps Real Estate Agents / Doma Plans to Go Private / Pending Home Sales Up Slightly

March 29, 2024
Brandon Ivey
FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.
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Jumbo Correspondent Share Declines After Wells’ Exit

March 28, 2024
James Dohnert
Wells was largely done with purchasing jumbo loans through the correspondent channel by the end of the first quarter of 2023.
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Better Shifts to Using Commission-Based LOs

March 28, 2024
Brandon Ivey
Previously, Better’s LOs weren’t paid commissions and the lender focused on using technology to get loan applicants through the mortgage process.
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Presidential Election Will Impact Regulatory Environment

March 28, 2024
Monica Hogan
Mortgage industry policy will be subject to more swings as administrations change, according to Ed DeMarco, president of the Housing Policy Council.
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Short Takes: DOL Fine for Emotional Damages / UWM’s Margins Expected to Improve / Growth in Mortgage Payments Outpaces Applicants’ Earnings / Trees Saved From Digital Closings

March 28, 2024
Brandon Ivey
The fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.
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Mortgage Profitability Declines in Fourth Quarter

March 27, 2024
John Bancroft
Earnings from both originations and servicing took another hit in the fourth quarter of 2023.
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