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Home » Topics » IMFnews » Originations

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Fed Introduces its Own CRA Revamp Plan

September 21, 2020
Yemeng Yang

Under the Fed’s plan, a bank’s mortgage lending performance would be evaluated in two ways: a retail test and a community development measurement...


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Starwood Affiliates Take 8.4% Ownership in MFA Financial

September 21, 2020
Brandon Ivey

Both MFA and Starwood are involved in the market for non-qualified mortgages.


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With Business Booming, Warehouse Financiers Ask for a Regulatory Break

September 21, 2020
Paul Muolo

Due to a 2014 change in regulatory accounting policy, banks were required to assign a 100% risk weighting to warehouse loans…


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Banks Fill the Void in Expanded-Credit Lending

September 21, 2020
Brandon Ivey

In the first six months of 2020, originators of all stripes funded $23.3 billion of EC loans, accounting for 1.5% of total first-lien production. Somewhat surprisingly, lending volume for the sector was up 5.4% compared with the halfway point of 2019...


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Record Production for UWM As Well…

September 18, 2020
Paul Muolo
The number of blowout quarters are starting to add up...
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More Vendor M&A: RE/MAX and Motto Mortgage Acquire Loan Processing Firm

September 17, 2020
Brandon Ivey

RE/MAX said the cost is expected to have a “negligible” impact on the firm’s earnings for the third quarter...


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Ocwen Reveals Large Bonuses to Executives, Restores Incentive Pay for CEO

September 17, 2020
Paul Muolo

The nation’s 16th largest servicer also disclosed it will restore incentive pay that was voluntarily given up by CEO Glen Messina.


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Time for Permanent Changes on Regulating LOs Working From Home?

September 17, 2020
Yemeng Yang

Several industry executives and officials from four state regulatory agencies attended the meeting on remote work flexibility.


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The Final Tally for 2Q20: Refis Spiked by a Stunning 45%

September 17, 2020
John Bancroft

Agency data suggest the purchase market started to recover a bit in the third quarter. (Includes four data charts.)


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Consumer Groups Cry Foul on Complaint Narratives

September 16, 2020
Yemeng Yang

Consumer advocates believe the CFPB has made the complaint database less useful...


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