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Home » Topics » IMFnews » Originations

Originations
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A Decline in Home Lending for US Bank, Applications Spike

April 19, 2023
Paul Muolo
At March 31, USB’s “servicing for others” portfolio totaled $241.7 billion and had an asset value of 154 basis points.
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Originations Steady at Western Alliance in First Quarter

April 19, 2023
Brandon Ivey
Western Alliance Bank's profits declined in the first quarter after asset sales similar to those that brought down Silicon Valley Bank.
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Short Takes: Applications Decline / Foreclosures Tick Up / LendingOne to Expand Wholesale

April 19, 2023
Brandon Ivey
Mortgage demand declines as interest rates increase...
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Mortgage Complaints to CFPB Up Sharply in Early 2023

April 18, 2023
Andras Malatinszky
Complaints submitted to the CFPB regarding mortgages had declined steadily throughout 2022.
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First Lien Lending Off 25% at BofA, HE Production Flat

April 18, 2023
Paul Muolo
Bank of America uses just one channel to produce loans, retail.
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Lenders Can’t Use AI Blindly, Advocates Warn

April 18, 2023
Sam Manas
Since the passage of the Equal Credit Opportunity Act and the Fair Housing Act, financial services providers have tried to “achieve fairness through blindness,” according to Kareem Saleh, CEO of disparity-analysis firm FairPlay.
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Short Takes: Home Prices Inch Up / Origination Pipelines Constrained / Few Loans in Forbearance / New CRT from Freddie

April 18, 2023
Brandon Ivey
Home prices increased by 1.0% on a sequential basis in the first quarter of 2023.
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In 1Q, a Precipitous Fall in Home Lending for Wells Fargo

April 17, 2023
Paul Muolo
JPMorgan surpassed Wells in home lending during the quarter...
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FHFA Finalizes DTS Rule on Colonias

April 13, 2023
Dennis Hollier
The new rule changes the definition of "colonia" and "rural area" to ensure more of these impoverished, predominantly Latino communities are covered under the regulation.
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UWM Brings Back 1% Down Loans

April 12, 2023
Dennis Hollier
The revived program means United Wholesale Mortgage will eat 2% of the home price (up to $4,000) in the form of downpayment assistance.
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