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Home » Topics » IMFnews » Originations

Originations
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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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Bank Settles With DOJ on Redlining; No Fine

September 28, 2023
Brandon Ivey
Washington Trust Company agreed to spend at least $9 million on lending efforts in majority-Black and Hispanic neighborhoods though the bank won't pay a civil monetary penalty.
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Short Takes: Rithm Goes Big With Non-QM MBS / Chase Stocks MBS With HELOCs From Nonbanks / HUD Funding Homeownership Research

September 28, 2023
Brandon Ivey
Rithm Capital is preparing to issue a $669.9 million expanded-credit MBS.
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Brokers Gain Share in FHA/VA Lending

September 27, 2023
Monica Hogan
Brokers saw the biggest sequential increase in FHA/VA business, with volume up 59.1% from the first quarter to $13.35 billion.
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Lenders Look for CFPB Reform Rather Than Dismantling

September 27, 2023
Brandon Ivey
“No one wants the CFPB to go away, no one wants the rules to be unenforceable,” said Nanci Weissgold, a partner at the law firm Alston & Bird.
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FDIC Self-Reflects on First Republic Failure

September 27, 2023
James Dohnert
FDIC examiners determined that the bank could have done more to encourage new borrowers to sign up for adjustable-rate mortgages.
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Near-Term Outlook for Originations: Bleak

September 27, 2023
Paul Muolo
“It’s horrible out there,” said Mark Shenkman, CEO of Priority Financial, a nonbank based in Calabasas, CA.
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Short Takes: Applications Decline / CFPB Looking at Home Equity Lending; Points / Fannie Offers Spanish-Language Materials / SPCP Expansion Planned

September 27, 2023
Brandon Ivey
Applications for both purchase mortgages and refinances declined last week.
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