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Home » Topics » IMFnews » Originations

Originations
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OIG Suggests CFPB Expand Nonbank Monitoring

July 9, 2020
Yemeng Yang

In a new report, the CFPB’s Inspector General has recommended the bureau tailor its resources to monitor institutions based on risk and expand monitoring of nonbanks.


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Mortgage M&A: Buyers Are Out There, but Lack Sellers

July 9, 2020
Paul Muolo

Potential buyers of mortgage franchises are making their intentions known. But there’s just one problem: A lack of willing sellers.


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Short Takes: IPO Reveals CFPB Investigation of Rocket Homes / Jay Farner Compensation / Neuberger Berman Issues Non-QM RMBS /

July 8, 2020

Has COVID-19 Permanently Changed the Mortgage Business?

July 8, 2020
Brandon Ivey
Industry insiders believe that many of the temporary measures created to deal with the coronavirus crisis will eventually be made permanent.
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Quicken's IPO Filing: Gilbert Still in Charge, Big Profits

July 8, 2020
Brandon Ivey

Dan Gilbert will retain majority control of Quicken Loans after an IPO involving the lender, which turned a nearly $900 million profit last year.


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Short Takes: SCOTUS Upholds Robocall Ban / Zillow Resumes Homebuying in More Markets / Foreclosure Threat Grows / Consumer Financial Protection Week

July 7, 2020
Yemeng Yang

The Supreme Court upheld a law banning cellphone robocalls, striking down a debt-related exception created by Congress in 2015...


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Tappable Equity Hit All-Time High in First Quarter

July 7, 2020
Yemeng Yang

However, homeowners have shown little interest in accessing the available equity through cash-outs.


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Sprout Resumes Non-QM Lending Through Correspondent Channel

July 7, 2020
Brandon Ivey

The bulk of non-QM originations come through mortgage brokers and the retail channel.


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Originations Up in Second Quarter for Many Lenders

July 6, 2020
Paul Muolo

Finance of America Mortgage funded roughly $5.19 billion in the second quarter, a $1 billion sequential improvement. Other lenders also posted gains.


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Short Takes: Interest Rates Could Go Lower / LoanStream Loosens Non-QM Underwriting / Mergers Completed / NJ Broker Rebrands

July 6, 2020
Brandon Ivey

The average interest rate on 30-year fixed-rate mortgages could fall below 3.00% later this year, according to Freddie Mac's chief economist.


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