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Home » Topics » IMFnews » Originations

Originations
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Inspector General Calls on CFPB to Improve Supervision of Nonbanks

December 17, 2021
Sam Manas
In 2016, the GAO found that the bureau lacked a comprehensive list of nonbank mortgage servicers...
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Short Takes: A Good Time to Be a Purchase Lender / Forbearance Increases / Annual Meetings, Already? / Date, Fenway and Better

December 17, 2021
Paul Muolo and Brandon Ivey

Plenty of Home Equity but Consumers Just Aren't Tapping It

December 16, 2021
John Bancroft
Federally insured depositories reported $54.71 billion of closed-end second mortgages on their books, down 3.3%.
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Better's Future: Clean It Up and Sell It?

December 16, 2021
Paul Muolo
The Better.com story continues to percolate...
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Lender Facing Loss After Setback in Appraisal Case

December 16, 2021
Brandon Ivey
Fannie Mae discovered the encroachment during an audit...
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Can Cash-out Refis Buffer the Layoff Picture?

December 15, 2021
Also, several shops are aggressively marketing to their servicing customers, pitching cash-out refis.
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Fannie and Freddie on Crypto: Convert to Cash, Then Season It

December 14, 2021
Dennis Hollier
Freddie's lender bulletin emphasizes the enterprise's aversion to Bitcoin, Ethereum etc...
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Production Income Gains as Servicing Turns Profitable

December 13, 2021
John Bancroft
Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.
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Garg's Departure Was Somewhat Predictable, Says Consultant

December 13, 2021
Paul Muolo
The memo also reveals the board has hired an independent third-party firm to “do a leadership and cultural assessment” of the originator.
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Garg Out (for Now) as CEO of Better.com; Review Under Way

December 10, 2021
Paul Muolo
A public company, Aurora, meanwhile, filed no notice with the SEC on Garg’s departure.
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