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Home » Topics » IMFnews » Originations

Originations
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Profits Jump at Rithm; Capital Requirements a Tailwind

August 2, 2023
Brandon Ivey
The real estate investment trust expects to benefit from higher capital requirements for large banks.
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Sterling Bank Moving Past Non-QM Troubles

August 2, 2023
James Dohnert
Fraud in a non-QM program nearly toppled Sterling Bank and Trust.
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Short Takes: Applications Decline / Ishbia: CFPB is Great / Fitch Downgrades US / Credit Union Groups to Merge

August 2, 2023
Brandon Ivey
Applications for purchase mortgages fell to a level last seen in early June.
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Home Price Growth Buoys Fannie Earnings

August 1, 2023
Dennis Hollier
The mortgage giant saw a $132 million first-quarter provision for losses shift to a $1.22 billion benefit in the second.
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Congress Divided on HUD Funding for FY 2024

August 1, 2023
Monica Hogan
The House is seeking lower funding levels for HUD and a September deadline is fast approaching.
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Short Takes: Trade Groups Win Against CFPB / Sale on Non-QMs / A Mortgage and Life Insurance

August 1, 2023
Brandon Ivey
ABA and Texas ABA members win a delay on compliance with the CFPB's data collection requirements on small business lending.
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Rocket Appoints Intuit Leader as CEO

July 31, 2023
Brandon Ivey
Varun Krishna will also be CEO of Rocket Mortgage.
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Short Takes: Cenlar Still Working on OCC Consent Order / ‘Tipping Point’ for Homeowners / New Law Firm

July 31, 2023
Brandon Ivey
The OCC entered into a consent order with Cenlar in 2021.
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Originations Increase by 36% in Second Quarter

July 28, 2023
John Bancroft
An estimated $400 billion of mortgages were originated in the second quarter.
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Trade Groups Highly Critical of Capital Proposal

July 28, 2023
Brandon Ivey
The proposal could reduce banks’ participation as single-family and commercial/multifamily lenders, servicers, and providers of warehouse lines and mortgage servicing rights financing, according to the MBA.
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