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Home » Topics » IMFnews » Originations

Originations
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BofA CEO Pushes Back on Capital Requirements

July 19, 2023
Brandon Ivey
Banks have enough capital, according to Brian Moynihan, chair and CEO of Bank of America.
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If the CFPB Is Found to Be Unconstitutional, Then What?

July 19, 2023
Sam Manas
The Consumer Financial Services Association of America said courts have “ample means” to protect the mortgage market if the CFPB is found to be unconstitutional.
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Short Takes: Business Improves at Western Alliance / Western Asset in Talks With AG Mortgage Investment / New Fix-and-Flip Lender / Freddie Offers Spanish Docs

July 19, 2023
Brandon Ivey
Officials at Western Alliance Bank stressed that the bank worked to get back to "normal" in the second quarter.
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Home Lending Spikes at BofA in Second Quarter

July 18, 2023
Paul Muolo
At June 30, BofA held $228.8 billion of first-lien residential mortgages on its books. The average yield: 2.98%...
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Short Takes: Small Profits / Few Homes for Sale / DBRS Ready to Rate HEI Securitizations

July 18, 2023
Brandon Ivey
FirstBank's mortgage division generated small profits in May and June.
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The Passing of Countrywide Co-Founder Angelo Mozilo

July 17, 2023
Paul Muolo
Up until the subprime crisis, Mozilo was one of the most admired and well-respected residential lending executives in the nation.
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ICE, Black Knight Plan to Sell Off Optimal Blue Business

July 17, 2023
Brandon Ivey
The FTC recently delayed an evidentiary hearing regarding the planned merger...
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Agency MBS Issuance Increases After Nine Quarterly Declines

July 14, 2023
John Bancroft
The GSEs outpaced Ginnie in terms of growth in MBS issuance in the second quarter.
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Originations Jump at Chase in Second Quarter; Wells Also Up

July 14, 2023
Brandon Ivey
Chase nearly doubled its mortgage originations on a quarterly basis in the second quarter.
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Short Takes: One More Rate Hike? / Lender Offers AI Chatbot / New Jumbo MBS

July 14, 2023
Brandon Ivey
After one more interest rate hike, the Federal Reserve will likely take a break for awhile, S&P Global Ratings says.
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