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Home » Topics » IMFnews » Originations

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CFPB Cites Abusive Practices in Originations, Servicing

July 27, 2023
Sam Manas
The CFPB noted abusive practices in the mortgage market and many other sectors.
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Short Takes: Home Sales Slow / No Help From the Fed / FHFA Examines Commute Times

July 27, 2023
Brandon Ivey
Sales of new homes declined on a month basis in June.
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Income Up Sharply at Mr. Cooper in Second Quarter

July 26, 2023
Paul Muolo
Income at Mr. Cooper jumped from $37 million in the first quarter to $142 million.
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Short Takes: Home Price Plateau? / HUD Officials at NYSE / Low Downpayment Offering From Guaranteed Rate / Terra Property Trust Buys Some AGMIT Stock

July 26, 2023
Brandon Ivey
Home prices could decline in the coming months, according to analysts at Capital Economics.
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Mortgage Complaints to CFPB Down in Second Quarter

July 25, 2023
Sam Manas
Complaints declined by nearly 30% compared with the first quarter.
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Federal Agencies Placing Emphasis on Housing Equity

July 25, 2023
Monica Hogan
A DOJ official suggests that more redlining cases are coming...
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Short Takes: House Prices Tick Up / Pulte Boosts Originations / MSR Offerings From MIAC

July 25, 2023
Brandon Ivey and Paul Muolo
The average house price increased by 0.7% on a monthly basis in May...
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Short Takes: New Home Purchases Up 26.1% / Former First Republic Private Client Banking Teams Join Flagstar / Home Prices Up 2.1% / First Horizon Launches a Podcast

July 21, 2023
James Dohnert
The MBA reports that new home purchases up 26.1%; Six First Republic private client banking teams join Flagstar; Redfin finds home prices are up 2.1% year-over-year; First Horizon announces new client-focused podcast.
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Higher Capital Requirements Would Flow to Interest Rates

July 20, 2023
Brandon Ivey
Banks will look to pass the expense of higher capital requirements for mortgages onto borrowers, M&T Bank's CFO noted.
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No Formal Definition of ‘Junk Fees,’ Only Examples

July 20, 2023
Sam Manas
McGlinchey Stafford attorney Jim Sandy said in an interview with Inside the CFPB that potential defenses against enforcement actions and private litigation have begun to emerge.
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