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Home » Topics » IMFnews » Originations

Originations
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Losses on Mortgage Banking Narrow in Second Quarter

August 18, 2023
Brandon Ivey
Each mortgage originated in the second quarter of 2023 generated an average pre-tax net loss of $534, compared to a loss of $1,972 per loan in the first quarter, according to the MBA.
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Short Takes: Interest Rates Expected to Decline / Small Cuts to Staff / Home Prices in California Rebound / Fay Servicing Upgraded

August 18, 2023
Brandon Ivey
Industry economists project that interest rates on mortgages will peak during the third quarter...
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Cook County Loses Appeal of Lawsuit Against BofA

August 17, 2023
Brandon Ivey
According to the Supreme Court, damages for violations of the Fair Housing Act can't extend beyond the first step of the improper activity.
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Energy Efficiency Proposal a Concern for Lenders, Homebuilders

August 17, 2023
Monica Hogan
The Departments of Agriculture and Housing and Urban Development recently issued a proposal for new energy standards for new construction.
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Short Takes: PrimeLending Adds LOs / Servicer Using Blockchain / New Construction Share of Home Sales

August 17, 2023
Brandon Ivey
Not all lenders are cutting staff...
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PennyMac, UWM Lead on Primary MI Activity in 2Q

August 16, 2023
John Bancroft
PennyMac delivered $28.62 billion of mortgages with primary MI into agency MBS issued in the second quarter.
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Mortgage Demand Shifting Amid Elevated Interest Rates

August 16, 2023
Brandon Ivey
The strong economy looks like a mixed blessing for mortgage lenders.
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Mortgage Lenders Support CFPB Proposal on ATR for PACE Loans

August 16, 2023
Namrata Bhatia
There's disagreement between mortgage lenders and PACE lenders on the need for ATR standards.
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Short Takes: CFPB Plots Rule on Data Brokers / An AI Guarantee / Compliance Investment by Accounting Firm

August 16, 2023
Brandon Ivey
The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.
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Ginnie Issuance Slows in July on FHA Activity

August 15, 2023
Monica Hogan
FHA securitization volume declined 5.2%, while issuance tied to VA loans inched up by 1.2% from June to July.
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