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Home » Topics » IMFnews » Originations

Originations
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Buyback Relief From FHFA Might Not Amount to Much

October 26, 2023
Dennis Hollier
Fannie Mae was still providing COVID relief to $61.98 billion in loans at the end of the third quarter.
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Rithm Stays Profitable in Third Quarter

October 26, 2023
James Dohnert
Rithm Capital posts a profit in the third quarter as it prepares for the acquisition of Specialized Loan Servicing early next year.
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Originations and Margins Increase at Flagstar

October 26, 2023
Brandon Ivey
Originations increased by 12% at Flagstar in the third quarter.
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Short Takes: VantageScore Finds New Mortgage Borrowers / Increase in Home Sales Could Be a Blip / Applicants Seeking Lower Loan Amounts / Expanded-Credit MBS From Annaly

October 26, 2023
Brandon Ivey
VantgeScore suggests that many consumers characterized as "dormant" are actually infrequent users of credit.
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Homestar Financial Ceases Retail Operations

October 25, 2023
James Dohnert
The Georgia-based lender will accept locks through the end of the month before shuttering its retail operations.
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Short Takes: Mortgage Applications Down / Mr. Cooper Earnings Up in 3Q / Homebuyers Increasingly Looking to Move Out of State / Finance of America Expands Rollout of HomeSafe Second Program / ICE Report Correction

October 25, 2023
Brandon Ivey and James Dohnert
Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.
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CMG Primed for Growth in a Tough Market

October 23, 2023
Paul Muolo
CMG’s scorecard looks like this: 394 retail branches today compared to 241 a year ago.
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Another Lender Jumps Into Wholesale: Flyhomes

October 23, 2023
James Dohnert
The lender believes the program is a good fit for the wholesale channel because it helps brokers stand out...
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Primary MI Activity Down at GSEs, Up at FHA in 3Q

October 20, 2023
John Bancroft
GSE securitization of mortgages with private MI declined in the third quarter while FHA activity increased.
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DOJ, Ameris Bank Settle Redlining Allegations

October 20, 2023
Sam Manas
The settlement requires Ameris to issue $7.5 million in mortgage subsidies in majority-Black and Hispanic neighborhoods.
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