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Home » Topics » IMFnews » Originations

Originations
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Sprout Settles With Ex-Employees for $3.5 Million

June 7, 2023
Sam Manas
The former non-QM lender settled four class actions brought by former employees.
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Rise in Gig Economy Income an Opening for Lenders

June 7, 2023
James Dohnert
Gig economy income can help potential borrowers qualify for a mortgage, with some complications.
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Short Takes: CFPB Warning on Chatbots / Attorneys Get Their Share / Renters, Stress and Homeownership / Applications Down Again

June 7, 2023
Brandon Ivey
The CFPB warned that companies that deploy the technology could fail to comply with consumer protection laws...
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HECM Lending Fizzles to Pre-Pandemic Levels

June 6, 2023
Andras Malatinszky
Production in the segment has been driven by three fluctuating macroeconomic forces: mortgage rates, inflation and housing prices.
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Loan Brokers Add Jobs, Mortgage Bankers Cut Some

June 6, 2023
Paul Muolo
At April 30, loan brokers employed 114,700 full timers.
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Congress Working on HUD Budget That Won't Outpace Inflation

June 6, 2023
Monica Hogan
Funding for the Department of Housing and Urban Development is expected to be remain static in 2024 compared to this year’s levels.
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Short Takes: Chase’s $200 Offer; Home-Price Appreciation Outlook; Non-QM MBS; Balbec’s Scratch-and-Dent Deal

June 6, 2023
Brandon Ivey
In certain areas, Chase is offering mortgage shoppers $200 to consider a mortgage from the bank.
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A Not-So-Bad Decline in 1Q23 EC Production

June 5, 2023
Brandon Ivey
The top three expanded-credit volume leaders in 1Q23: Citibank, U.S. Bank and Deephaven...
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Purchase-Mortgage Share Hits 85% in First Quarter

June 2, 2023
John Bancroft
The purchase-mortgage share is growing as refinance business dwindles.
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Biden Administration Proposes Rule on Automated Valuation Models

June 2, 2023
Sam Manas
Vice President Kamala Harris announced the issuance of a joint rulemaking proposal on automated valuation model use in assessing transaction collateral, as well as several other coming developments in the appraisal space.
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