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Home » Topics » IMFnews » Originations

Originations
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Congress Pushed to Improve National Flood Insurance Program

January 26, 2024
Monica Hogan
“We are really having a working class, middle-class insurance affordability problem around the country,” said Michael Hecht, CEO of Greater New Orleans Inc.
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Short Takes: FICO’s Mortgage Revenue Spikes / Bank Exits Retail / New Leader for AIME / Jumbo MBS From Goldman

January 26, 2024
Brandon Ivey
Mortgage origination revenue at FICO more than doubled in the fourth quarter of 2023 compared with the fourth quarter of 2022.
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CFPB Focusing on LO Comp Enforcement; No Rule Change

January 25, 2024
Brandon Ivey
The CFPB has concerns about lenders reducing LO comp in an effort to increase originations.
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Home-Selling Profits Drop for First Time in More Than a Decade

January 25, 2024
James Dohnert
Gross profits and profit margins on home sales fell from 2022 to 2023, marking the first year-over-year decline since 2011.
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Short Takes: Bjelac Returns to Carrington Mortgage / Bilt to Venture Into Mortgage Payment Rewards / Colonial Savings to Launch Servicing Ecosystem / TD Bank Announces Community Impact Plan

January 25, 2024
James Dohnert
Carrington Mortgage non-QM expert returns; Bilt Rewards to offer mortgage payment rewards following funding round; Colonial Savings to launch new mortgage servicing ecosystem; TD Bank announces community impact plan to target LMI and minority borrowers.
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Broeksmit Delivers Fiery Remarks at IMB Conference

January 24, 2024
Brandon Ivey
The MBA is taking its concerns about rising costs for obtaining credit scores to the Federal Housing Finance Agency, the Consumer Financial Protection Bureau and the Federal Trade Commission, among other entities.
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Short Takes: Applications for Purchase Mortgages Increase / Delinquencies Rising / Non-QMs Falter / New Expanded-Credit MBS

January 24, 2024
Brandon Ivey
Purchase-mortgage applications increased even as interest rates inched up.
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Fannie Warns of Appraisal Fraud in Texas, Florida

January 23, 2024
Dennis Hollier
The government-sponsored enterprise said it has identified a significant number of fraudulent appraisals tied to mortgages originated between 2021 and 2023.
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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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Latest Imf News

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