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Home » Topics » IMFnews » Originations

Originations
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loanDepot Unsure of ‘Material’ Impact Tied to Recent Computer Hack

January 22, 2024
Paul Muolo
The cyberattack on loanDepot occurred in early January but the company is unsure of material losses...
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Share of Agency Business With MI Rises in 2023

January 19, 2024
John Bancroft
The primary MI share in the agency market rose from 50.4% in 2022 to 62.9% in 2023.
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CHLA Calls for Maintaining Tri-Merge Credit Score Process

January 19, 2024
Brandon Ivey
If the government-insured mortgage programs don't follow FHFA in shifting to a bi-merge process, then it's not worth making the switch for GSE loans, according to CHLA.
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Warehouse Lender Sees Tough Times Ahead

January 19, 2024
Brandon Ivey
"Our expectation remains that the next quarter will be amongst the toughest the industry has seen in the last 15 years," said Matt Scurlock, a managing director and chief financial officer at Texas Capital Bank.
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Short Takes: loanDepot Brings Systems Online / New Downpayment Assistance Programs / Flurry of Non-Agency MBS

January 19, 2024
Brandon Ivey
Many of loanDepot's consumer-facing websites went back online Thursday.
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FHA/VA Lenders Prep for More Volume

January 18, 2024
Monica Hogan
Home sellers are now more willing to consider bids tied to FHA and VA mortgages.
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Short Takes: Rate Locks Decline / List of Assumable Mortgages / Mortgage Matchup / Few Home Sales in CA

January 18, 2024
Brandon Ivey
Rate locks declined by 14% on a monthly basis in December, driven by fewer locks for purchase mortgages.
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Slight Decline in Mortgage Earnings at U.S. Bank

January 17, 2024
Brandon Ivey
U.S. Bank generated $137 million in mortgage-banking revenue in the fourth quarter, down 4.9% from the third quarter.
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Short Takes: Purchase-Mortgage Demand Lagging / Few Losses on Nonprime MBS / Broker Advocacy Group Goes Independent / New CEO at Ranieri Solutions

January 17, 2024
Brandon Ivey
Applications for purchase mortgages in early January were down 20% on an annual basis.
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Wells Touts Progress Reducing Mortgage Footprint

January 16, 2024
Brandon Ivey
Wells Fargo reduced the employee count in its home lending division by 36% on an annual basis in 2023.
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