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Home » Topics » IMFnews » Originations

Originations
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Chopra Indicates CFPB Can't Help Much on Trigger Leads

December 1, 2023
Sam Manas
Asked about whether the Consumer Financial Protection Bureau could take further regulatory actions on trigger leads, Director Rohit Chopra indicated its authority over them was "somewhat limited."
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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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