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Home » Topics » IMFnews » Originations

Originations
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Mixed Reaction to CFPB’s RFI on Mortgage Costs

May 31, 2024
Brandon Ivey
Lenders are happy the CFPB is scrutinizing certain fees while harboring some concerns about the CFPB's motives.
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UWM Won’t Be Forming a Real Estate Investment Trust

May 31, 2024
Paul Muolo
To date, nonbank lender/servicers that play in the conventional/government arena have had mixed success in capitalizing on using REITs that sell shares to the public.
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Short Takes: Michael Cohen’s HELOC / Expanded-Credit Impairments Decline / Pending Home Sales Slow / Lender M&A

May 31, 2024
Brandon Ivey
Michael Cohen, former President Donald Trump’s former attorney, testified during the trial that he used proceeds from a personal home equity line of credit to pay off Stormy Daniels on behalf of Trump.
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CFPB Releases RFI on Mortgage Closing Costs

May 30, 2024
Shannon Clark
Industry trade groups reacted swiftly to the RFI.
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Mixed Trends in FHA, VA Lending in First Quarter

May 29, 2024
Monica Hogan
FHA's share of combined FHA/VA lending declined to 60.8% in the first quarter of 2024.
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Appraiser Regulator Considers Dropping College Requirement

May 29, 2024
Brandon Ivey
The assessment comes amid a shortage of appraisers along with concerns that the existing pool of appraisers isn’t sufficiently diverse.
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Short Takes: Applications Deflate / FHA Clarifies Attorney Fee Reimbursement / FirstKey Ramps Up HEL Securitization / Ocwen’s Rebrand Starts in June

May 29, 2024
Brandon Ivey
Applications in late May hit the lowest level seen since March.
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Banks Slow Jumbo Lending in First Quarter

May 28, 2024
James Dohnert
The jumbo market’s share of first-lien production narrowed to 11.1% in the first quarter from 12.4% in the fourth quarter.
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Home Price Appreciation Slows in March

May 28, 2024
Brandon Ivey
Prices increased by only 0.1% on a monthly basis in March, according to seasonally adjusted numbers from the FHFA.
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VA’s Plan on Buyer’s Agent Commissions Includes Rulemaking

May 28, 2024
Monica Hogan
“We are fully committed to ensuring that veterans are neither disadvantaged nor overcharged in the homebuying process,” said VA Press Secretary Terrence Hayes.
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