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Home » Topics » IMFnews » Originations

Originations
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UWM, Guild, Mr. Cooper Add Employees as Nonbanks Shrink

April 3, 2024
Brandon Ivey
United Wholesale Mortgage had 6,700 employees as of the end of 2023, up 11.7%, the largest increase among the lenders in the analysis.
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UWM’s Stock Slumps After Allegations From Hedge Fund

April 3, 2024
Brandon Ivey
Hunterbrook shorted UWM’s stock ahead of the publication of its allegations and went long on Rocket Companies.
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Lenders Advised on Code Words, Ransoms

April 3, 2024
Shannon Clark
Given that scammers are using artificial intelligence to mimic voices of trusted sources, Violet Sullivan, assistant vice president at Crum & Forster Insurance, recommended mortgage companies require the source to provide a code word or phrase during verbal confirmation of a transaction.
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Short Takes: Altisource Shifts From Mortgages to EV Tech / Applications Down Slightly / Farmer Mac Sees Strong Demand / HUD’s Vacant Lot Sale

April 3, 2024
Brandon Ivey
Altisource Asset Management is working on a control system that increases the efficiency of electric vehicles.
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Bank Mortgage Holdings Increase in 2023

April 2, 2024
James Dohnert
On an annual basis, the holdings increased by 3.2%.
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Short Takes: Silver Lining in Delayed Annual Report / More MSRs on Offer / Plenty of Buyers / New Translated Glossaries From CFPB

April 2, 2024
Brandon Ivey and Paul Muolo
Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.
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Origination Watch: Reverse Mortgages Take It on the Chin

April 1, 2024
Monica Hogan
One positive sign for HECMs: Roughly 10,000 Americans, some house rich but cash poor, turn 62 every day...
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Court Halts Implementation of Revision to CRA Standards

April 1, 2024
Brandon Ivey
The trade groups support the goals of CRA but believe the final rules exceed the authority of the regulators...
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FHFA Conducting Targeted Exams of Nonbanks

March 29, 2024
Brandon Ivey
Between October 2021 and August 2023, 21 exams were conducted.
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Subtle Shifts in Securitization Rate as Lending Declines

March 29, 2024
Brandon Ivey
The securitization rate for residential mortgages was 72.1% in 2023.
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Latest Imf News

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