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Home » Topics » IMFnews » Originations

Originations
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Short Takes: One More Rate Hike? / Lender Offers AI Chatbot / New Jumbo MBS

July 14, 2023
Brandon Ivey
After one more interest rate hike, the Federal Reserve will likely take a break for awhile, S&P Global Ratings says.
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Primary MI Securitization Volume Up in Second Quarter

July 13, 2023
John Bancroft
Primary mortgage insurance activity increased in the second quarter of 2023 after seven consecutive quarterly declines.
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New Special Purpose Credit Programs at U.S. Bank, United Wholesale

July 13, 2023
Brandon Ivey
The SPCPs at U.S. Bank and United Wholesale Mortgage are limited to certain areas.
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CFPB Weighs In on Lawsuit Regarding TILA Coverage

July 13, 2023
Brandon Ivey
The lawsuit involves a loan secured by a cabin on a leased property.
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FHFA Expands Disclosures in Appraisal Data

July 13, 2023
Dennis Hollier
The disclosures include a new field denoting the largest race or ethnic group in a tract.
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Short Takes: Competing Bid for REIT / Rates to Remain Elevated / Upgrade for NewRez

July 13, 2023
Brandon Ivey
AG Mortgage Investment Trust has joined the competition for Western Asset Mortgage Capital.
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Banks Gain GSE Market Share in Second Quarter

July 12, 2023
Dennis Hollier
Lenders delivered $174.26 billion in loans into Fannie Mae and Freddie Mae mortgage-backed securities in the second quarter, a robust 37.9% sequential increase.
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Movement Mortgage Sales Chief Departs

July 12, 2023
Paul Muolo
Pennington worked for Movement for 15-plus years...
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Financial Institutions Critical of CFPB’s Abusiveness Policy Statement

July 12, 2023
Sam Manas
American Bankers Association Senior Counsel Kathleen Ryan said that the statement's examples of abusive conduct were based on “unproved and untested allegations in enforcement actions,” not on caselaw.
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Short Takes: Figure Partners With More Lenders / Quick Approval and a Credit / Limited Inventory / New Hire at Cenlar

July 12, 2023
Brandon Ivey
Several top lenders have outsourced originations of home equity lines of credit to Figure.
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