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Home » Topics » IMFnews » Originations

Originations
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SFA Calls for CFPB to Clarify QM Definition

March 19, 2024
Brandon Ivey
The trade group is seeking guidance on a requirement that lenders consider and verify a borrower’s reasonably expected income or assets at or before consummation of a mortgage.
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Redwood Forms Joint Venture With Canadian Pension Manager

March 19, 2024
Brandon Ivey
The Canada Pension Plan Investment Board manages a pension fund with $448.1 billion in holdings.
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Short Takes: Forbearance Steady / ICE Facilitates Reconsiderations of Value / New Loan Limits for Manufactured Housing / Figure’s Lender Breaks From Figure’s Tech Company

March 19, 2024
Brandon Ivey
Some 0.22% of mortgage borrowers were in forbearance as of the end of February.
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MBA: Steep Origination Losses for 4Q23, Just 29% of Lenders are Profitable

March 18, 2024
Paul Muolo
MBA said lenders were unable to "sufficiently adjust resources to align with fluctuating rates and volumes"...
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Guild Pays $13.4 Million for Academy Plus Earn-Out

March 15, 2024
Brandon Ivey
Guild held off on disclosing the purchase price for Academy Mortgage until filing its annual report.
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MBS Prices Soften on Fed’s Higher-for-Longer Stance

March 15, 2024
Paul Muolo
With rates rising, MBS prices are once again skidding, causing traders to rethink their plans for the immediate future.
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Losses at Blend Narrow in Fourth Quarter

March 15, 2024
Brandon Ivey
Blend took a loss of $179.9 million for the full year 2023 after a loss of $763.8 million the previous year.
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Short Takes: NAR Settles Commission Litigation / Servicing Stats / Hearing to Look at Homebuyers / Housing Improving

March 15, 2024
John Bancroft and Brandon Ivey
NAR's settlement essentially eliminates the requirement for home sellers to pay a fee to the homebuyer's real estate agent.
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Bank Retail Lending Declines in Fourth Quarter

March 14, 2024
Namrata Bhatia
Retail mortgage originations by banks and thrifts declined by 16.6% in the fourth quarter.
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Non-Agency MBS Issuers Bring Larger Deals

March 14, 2024
Brandon Ivey
Invictus has an MBS with non-agency mortgages for investment properties, Figure is marketing a HELOC securitization and Rocket is offering a closed-end second deal.
Read More
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Latest Imf News

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