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Home » Topics » IMFnews » Originations

Originations
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Texas Depository Buys a $2.1 Billion Originator

January 5, 2022
Paul Muolo
TPP has several sister banks and is a subsidiary of Southwest Bancshares...
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ARM Production Increases, But Don't Get Too Excited...

January 5, 2022
Brandon Ivey
The top five ARM lenders through the first nine months of 2021: Bank of America, Chase, Wells Fargo, First Republic and Citigroup...
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CFPB’s Chopra Stresses the Battle Against AI and Lending Discrimination

January 5, 2022
Sam Manas
The CFPB believes technology, to some degree, can help remove bias, but black box underwriting algorithms are not necessarily creating a more level playing field...
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Lenders, Trade Groups Favor NMLS Modernization Plan

January 4, 2022
Sam Manas
Freedom, the nation's seventh largest originator, said modernization needs a buy-in from all states.
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Mortgage Banking Results Mixed at Banks and Thrifts

January 4, 2022
John Bancroft
A significant factor was the entry of Western Alliance Bank into mortgage banking after its acquisition of nonbank AmeriHome Mortgage...
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2022 Is Here. Time to Shine for Purchase-Money Lenders?

January 3, 2022
Paul Muolo
Squarely in the bullish camp: originators of non-qualified mortgages...
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GAO Finds Alternative Data Rarely Used in Mortgage Underwriting

December 30, 2021
Sam Manas
GAO found that between fiscal years 2016 and 2020, a mere 0.07% of mortgages purchased by Fannie Mae and Freddie Mac were made to borrowers without credit scores.
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Fix-and-Flip Lender Buys Ginnie MF Issuer

December 30, 2021
Paul Muolo
Another deal involving a fix-and-flip specialist, but this time the F&F firm is on the buy side...
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A Gain for Wholesale Lending as Retail Suffers

December 30, 2021
John Bancroft
Meanwhile, wholesale lending posted a hefty 46.4% increase in the jumbo market, though it still accounted for just 9.2% of that segment...
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New Hampshire Man Found Guilty of VA Loan Fraud

December 29, 2021
Monica Hogan
Evidence at trial showed the defendant used fraudulent means to apply for roughly $8 million in loans...
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