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Home » Topics » IMFnews » Originations

Originations
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Short Takes: Trigger-Lead Bill in House / First American Returns to Profitability / Lender Partners With Visa / Consumers Pessimistic on Homebuying

February 8, 2024
Brandon Ivey
Legislation to limit trigger leads was introduced in the House with bipartisan support.
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GSE CRT Issuance Limited in 2023

February 7, 2024
Dennis Hollier
Issuance in 2022 was helped by lingering loans from the refinance wave while mortgage originations were down sharply in 2023.
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An MSR-Related Loss for Rithm, GOS Falls to Low for the Year

February 7, 2024
Paul Muolo
Rithm is in the process of buying Specialized Loan Servicing. The sale should close by March 31.
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NYCB Makes Fresh Disclosure to Tout ‘Ample Liquidity’

February 7, 2024
Brandon Ivey
NYCB recently took unexpected losses on its commercial lending and passed an asset threshold that prompts increased scrutiny by federal regulators.
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Anticipation Grows for End of GSE Conservatorship

February 7, 2024
Dennis Hollier
The price of preferred shares in Fannie Mae shot up to $4.57 a share in the wake of former President Trump’s victory in the Iowa caucuses.
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Short Takes: NewRez Turns to AI / Regulators Seek Comments on Burdens / Velocity Issues New Debt / Setting the Record Straight on CRA

February 7, 2024
Brandon Ivey
NewRez said AI can analyze customer data and preferences to recommend suitable products.
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Bank Trade Groups File Lawsuit to Stop CRA Revisions

February 6, 2024
Shannon Clark
The American Bankers Association, U.S. Chamber of Commerce and the Independent Community Bankers of America, among others, allege the new CRA requirements violate the Administrative Procedure Act.
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FHA, VA Considering Bi-Merge Credit Score Process

February 6, 2024
Monica Hogan
Leaders at FHA and VA haven't ruled out following the Federal Housing Finance Agency in a shift from a tri-merge score process to a bi-merge process.
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Pennsylvania Bank Settles With DOJ on Redlining

February 6, 2024
Brandon Ivey
The DOJ alleged that First National Bank of Pennsylvania continued a practice seen at Yadkin Bank of focusing mortgage lending disproportionately on white areas of Charlotte and Winston-Salem.
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Short Takes: Consumer Advocates Defend CRA Revisions / Banks Done Tightening / Pressure on Navy Federal / HPC Mourns Mike Gill / Former First Republic Co-CEO Moves On Again

February 6, 2024
Brandon Ivey
The National Community Reinvestment Coalition accused banks of hypocrisy for filing a lawsuit against new standards under the Community Reinvestment Act.
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