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Home » Topics » IMFnews » Originations

Originations
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A $32.8 Million Loss in 2018 for Lender Bought by NSM in Early 2019

April 22, 2019
Paul Muolo

In 2018, Pacific Union had total expenses of $268.6 million, of which $164.1 million went for personnel...


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A Step Closer to Transitional Licenses for LOs

April 22, 2019
Yemeng Yang

The NMLS issued guidance addressing transitional authority for mortgage loan originators moving between states and from banks to nonbanks.


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Short Takes: Bucking the Origination Trend: BofA and USB / A Strong Quarter for Warehouse Bank Texas Capital / Reliant Hires RoundPoint as a Subservicer / Waterstone in the Hunt for a CEO / A New Hire for Guaranteed Rate

April 19, 2019
Paul Muolo

A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. 


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Change to FHA Downpayment Assistance Requirements Met with Harsh Criticism

April 19, 2019
Brandon Ivey

"Now having been in the mortgage industry for over 30 years, HUD’s mortgagee letter is perhaps one of the most egregious and ill-advised actions that I have seen taken by a government agency in many years," said Anne Canfield, a partner at Michael Best Strategies.


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Tax Reform Contributing to Slowing Housing Market

April 19, 2019
Brandon Ivey

The 2017 Tax Cuts and Jobs Act appears to have contributed to a slowing housing market last year, industry analysts say. However, tax reform could help boost the housing market going forward.


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JPM Has a New Mortgage (Consumer) Chief: Marianne Lake

April 18, 2019
Paul Muolo

The Lake promotion comes about two weeks after JPM Chairman and CEO Jamie Dimon in a letter to shareholders said the megabank is considering significant changes in its home lending operations...


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Ditech Discloses Limited Financials and It’s Not Pretty: A $105 Million Loss for February

April 18, 2019
Paul Muolo

The Ditech financial hole just got bigger...


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Short Takes: A ‘Perfect Storm’ Hammered Mortgage Profits / How Bad? Try 2008 / Ocwen Grants CEO Messina Stock Awards / Colony Set to Buy PFB Mortgage / Evolve Hires Former Wells Executive as Mortgage President

April 17, 2019
Paul Muolo

The negative factors include higher rates, lower originations, and rising expenses, resulting in the lowest net production income per loan reading since 2008...


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M&A Heats Up: Home Point Buys Wholesale Lender, RE Tech Firm Acquires Direct Funder

April 17, 2019

Willie Newman's Home Point seems to have acquisitions on its mind these days...


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Rates Creeping Back Up and That Means One Thing: Lower Applications

April 17, 2019
Paul Muolo

No one in the industry is hitting the panic button quite yet. After all, it’s the spring home buying season...


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