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Home » Topics » IMFnews » Originations

Originations
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New Disclosures From Better.com: A 2Q23 Loss and Breaches in Fannie Contract

August 28, 2023
Paul Muolo
To stay out of trouble, in late July the lender had to enter into a “pledge and security” agreement with Fannie...
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Change Lending Reportedly Loses CDFI Designation

August 28, 2023
James Dohnert
While Change Lending is no longer on the list, its parent company, The Change Company CDFI, remains...
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The LO Bidding Wars Have Ended. Sort Of...

August 28, 2023
Paul Muolo
One recruiter remarked, "Does anyone in this industry ever rein themselves in?”
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Wholesale Channel Share Hits Post-2009 High

August 25, 2023
John Bancroft
The wholesale-broker share of originations hit 16.8% in the second quarter.
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Federal Agencies Plan Roundtable on Special Purpose Credit Programs

August 25, 2023
Brandon Ivey
Speakers at the roundtable will include the heads of four federal agencies along with industry participants.
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Trade Groups Seek Less Stringent Opt-Out Requirements From FCC

August 25, 2023
Sam Manas
The FCC proposal would allow consumers who have provided prior express consent to receive autodialed or prerecorded voice calls to revoke consent through any reasonable means.
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Short Takes: Interest Rates Expected to Go Higher / Home Sales Limited / Zillow Starts Small With 1% Down Program

August 25, 2023
Brandon Ivey
Interest rates on mortgages are at their highest level since 2001...
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FHLBank Profits Up in 2Q; Advance Usage Declines

August 24, 2023
Dennis Hollier
Income generated by the 11 FHLBanks increased by more than 20% on a quarterly basis in the second quarter while FHLBank advances outstanding declined.
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Better’s Stock Price Declines in Early Trading

August 24, 2023
Brandon Ivey
While the lender has been losing money, officials at Better are optimistic that the capital infusion that accompanied its debut in the public market will lead to improved results.
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Lenders Brace for NMLS Reporting Changes

August 24, 2023
Sam Manas
The MBA warned that given the current market and regulatory pressures in the mortgage industry, the increased cost of compliance may force smaller firms to combine operations or exit the lending business.
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