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Home » Topics » IMFnews » Originations

Originations
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Reconsideration of Value: Mandatory or Optional?

October 4, 2023
Brandon Ivey
A coalition of consumer groups, including the National Consumer Law Center, recommend that lenders adopt a reconsideration of value process “as close to mandatory as possible outside a formal rule.”
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Short Takes: Supreme Court Hears MBA’s Concerns / Applications Down Again / McHenry Acting Speaker

October 4, 2023
Brandon Ivey
An amicus brief filed by the Mortgage Bankers Association and other housing industry trade groups was discussed Tuesday in the Supreme Court.
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Large Nonbanks See Boost From Servicing

October 3, 2023
Monica Hogan
“Our profitability is great,” said Stan Middleman, president and CEO of Freedom Mortgage. “It’s just not coming from originations this year.”
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Short Takes: Higher Loan Limits Anticipated / Slowdown Possible / CFO Leaves FoA / Redfin Leaves NAR

October 3, 2023
Brandon Ivey and Paul Muolo
Rocket leads the pack on expanding conforming-loan pricing ahead of 2024 loan limits.
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Better Execs to Collect $17 Million in Bonuses Tied to Going Public

October 2, 2023
Brandon Ivey
Half of the bonus payments will be withheld until Better achieves two consecutive quarters of “positive operating cash flow.”
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Home Equity Lending Up 13% in 2Q23

October 2, 2023
Brandon Ivey
The top three home equity lenders in 2Q23: Bank of America, Citizens Bank and PNC...
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Government Shutdown Could Slow Some Mortgage Lending

September 29, 2023
Monica Hogan
Lending tied to the GSEs will largely carry on as usual though government-insured business could face some difficulties during a government shutdown.
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ICE Touts Benefits of Black Knight Acquisition

September 29, 2023
James Dohnert
Mortgage investors, lenders and borrowers could all benefit from ICE's acquisition of Black Knight, according to leaders at ICE.
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Short Takes: Interest Rates Up / Still Expected to Come Down / Annaly Offers Non-QM MBS

September 29, 2023
Brandon Ivey
Interest rates on mortgages hit a level last seen in 2000.
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Lender Trade Groups Seek Reduced Government Role

September 28, 2023
Brandon Ivey
Leaders of the Mortgage Bankers Association and the Housing Policy Council argue that the government's role in the mortgage market is too large.
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