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Home » Topics » IMFnews » Originations

Originations
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BofA Fined $12 Million for HMDA Misreporting

November 29, 2023
Sam Manas
The CFPB fined Bank of America $12 million for claiming mortgage applicants chose not to provide race, ethnicity and sex data when in reality applicants hadn't been asked about it.
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Correspondent Outlets Showing Strong Demand for Loans

November 29, 2023
Brandon Ivey
Guild Mortgage's originations unit turned a profit in the third quarter thanks to strong demand from correspondent buyers.
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Short Takes: FHA Loan Limits / Immediate Implementation / Home Price Declines? / Applications Depressed

November 29, 2023
Brandon Ivey
Now that the 2024 conforming limits have been set, the FHA and lenders are setting their 2024 boundaries...
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GSE Loan Limits to Increase 5.6% in 2024

November 28, 2023
Brandon Ivey
The baseline conforming loan limit for one-unit properties will be $766,550 in 2024.
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Flagstar Sues Mortgage Lender Over Unpaid Warehouse Lines

November 28, 2023
Paul Muolo
According to the lawsuit, Hometown Lenders owes Flagstar Bank roughly $21 million from unpaid warehouse lines.
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Short Takes: MI Exempt From SEC Rule / BofA Providing Financing to Rocket / Blend Scales Back Financing / Climate Risk and Inequality

November 28, 2023
Brandon Ivey and Paul Muolo
Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.
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Market Share Gains for Correspondent Lenders

November 27, 2023
John Bancroft
A number of competitors in the correspondent channel registered eye-popping growth...
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CMG of California Expands Further Into New England

November 27, 2023
Paul Muolo
CMG owner Chris George continues to find "bolt-ons" for his branch network...
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CFPB Launches Pilot for Disclosures on Construction Loans

November 22, 2023
Sam Manas
The pilot was prompted by a request from the Independent Community Bankers of America.
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Short Takes: Average Loan Amount Declining / Slow Recovery for Home Sales / Delinquencies Decline / Thanksgiving Break

November 22, 2023
Brandon Ivey
Average loan amounts on mortgage applications are coming down as the share of first-time homebuyer applicants increases.
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Latest Imf News

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