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Home » Topics » IMFnews » Originations

Originations
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Short Takes: Another Bank Leaves Mortgages / A Departure From TPO / Looking for a Retail Shop / loanDepot’s MSR Transfers

May 8, 2023
Paul Muolo
In 2022, loanDepot was the fifth largest seller of bulk mortgage servicing rights as measured by agency servicing transfers...
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Rocket Takes Another Loss in First Quarter

May 5, 2023
Brandon Ivey
Margins improved while originations declined.
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Lack of Clarity on Debt Ceiling a Concern for Lenders

May 5, 2023
Monica Hogan
The longer it takes Congress to react after a debt default, the bigger the impact will be, according to Cristian deRitis, deputy chief economist at Moody’s Analytics.
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Western Alliance, PacWest Under Renewed Pressure

May 4, 2023
Brandon Ivey
The banks had weathered volatility in March and April.
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Rithm’s Income Declines Somewhat in First Quarter

May 4, 2023
Brandon Ivey
Servicing drove earnings while lending generated a loss.
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Short Takes: Rate Locks Slow / TD Bank-First Horizon Merger Off / Black Knight’s Margin / Annaly Stocks GSE IPLs in Non-Agency MBS

May 4, 2023
Brandon Ivey
Locks for both purchase mortgages and refinances declined.
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Freddie Earnings Remain Stable in First Quarter

May 3, 2023
Dennis Hollier
Freddie's profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.
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California Privacy Law Increased Costs for Mortgage Borrowers

May 3, 2023
Sam Manas
Academic researchers used data from the Home Mortgage Disclosure Act to examine the impact of the implementation of the California Consumer Privacy Act.
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Short Takes: Purchase-Mortgage Applications Down / Planet Looking for Retail Shops / FoA Turns to Ocwen / New MBS from Velocity

May 3, 2023
Brandon Ivey
Applications for refinances increased by 1.0% last week and applications for purchase mortgages declined by 1.0%.
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CFPB Finds PACE Loans Prompt Increase in Mortgage Delinquencies

May 2, 2023
Brandon Ivey
The regulator issued a proposed rule to set ability-to-repay standards for PACE loans.
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