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Home » Topics » IMFnews » Originations

Originations
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Short Takes: MI Exempt From SEC Rule / BofA Providing Financing to Rocket / Blend Scales Back Financing / Climate Risk and Inequality

November 28, 2023
Brandon Ivey and Paul Muolo
Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.
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Market Share Gains for Correspondent Lenders

November 27, 2023
John Bancroft
A number of competitors in the correspondent channel registered eye-popping growth...
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CMG of California Expands Further Into New England

November 27, 2023
Paul Muolo
CMG owner Chris George continues to find "bolt-ons" for his branch network...
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CFPB Launches Pilot for Disclosures on Construction Loans

November 22, 2023
Sam Manas
The pilot was prompted by a request from the Independent Community Bankers of America.
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Short Takes: Average Loan Amount Declining / Slow Recovery for Home Sales / Delinquencies Decline / Thanksgiving Break

November 22, 2023
Brandon Ivey
Average loan amounts on mortgage applications are coming down as the share of first-time homebuyer applicants increases.
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Jumbo Originations Decline in Third Quarter

November 21, 2023
James Dohnert
Jumbo production declined by 6.0% in the third quarter and the sector lost some market share.
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Modest Increase in Non-Agency MBS Issuance Expected

November 21, 2023
Brandon Ivey
Issuance of non-agency MBS and GSE CRT deals will increase by 9% on an annual basis in 2024, according to projections by Kroll Bond Rating Agency.
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HMDA Reporting a Compliance Issue for Banks

November 21, 2023
Sam Manas
Companies’ boards and senior management need to “recognize the inherent risk of the HMDA process” and provide human and capital resources to it, according to the Fed.
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Short Takes: Eye on the 10-Year / A Decline in Forbearance / CrossCountry Expands DPA Program / Rithm Completes Acquisition / APM Promotes Lowman to Chair

November 21, 2023
Brandon Ivey and Paul Muolo
Some 0.29% of mortgages were in forbearance as of the end of October.
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VA Calls on Servicers to Pause Foreclosures

November 20, 2023
Monica Hogan
The department continues to work on the details it needs to finalize its new Veterans Assistance Servicing Purchase program...
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