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Home » Topics » IMFnews » Originations

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Flagstar Reports Both Lower Earnings and Originations for 1Q19

April 23, 2019
Paul Muolo

At March 31, Flagstar's home equity loan portfolio totaled $796 million, up 19% from a year ago...


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They’re Catching On Once Again: Marketing Services Agreements (Thanks to the CFPB)

April 23, 2019
Yemeng Yang

Over the past 18 months, Meyer said MLinc has seen more than half of its 500-plus clients once again become active in the space...


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Short Takes: Pacific Union Made $32M in Loans to Members / Mortgages to Employees? / Invitation Homes Pays Off Loans Early / A Reshuffle at Mortgage Capital Trading / PRMI Hires Reverse Manager

April 22, 2019
Paul Muolo

Lending to one's own employees: How big of a deal?


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A $32.8 Million Loss in 2018 for Lender Bought by NSM in Early 2019

April 22, 2019
Paul Muolo

In 2018, Pacific Union had total expenses of $268.6 million, of which $164.1 million went for personnel...


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A Step Closer to Transitional Licenses for LOs

April 22, 2019
Yemeng Yang

The NMLS issued guidance addressing transitional authority for mortgage loan originators moving between states and from banks to nonbanks.


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Short Takes: Bucking the Origination Trend: BofA and USB / A Strong Quarter for Warehouse Bank Texas Capital / Reliant Hires RoundPoint as a Subservicer / Waterstone in the Hunt for a CEO / A New Hire for Guaranteed Rate

April 19, 2019
Paul Muolo

A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. 


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Change to FHA Downpayment Assistance Requirements Met with Harsh Criticism

April 19, 2019
Brandon Ivey

"Now having been in the mortgage industry for over 30 years, HUD’s mortgagee letter is perhaps one of the most egregious and ill-advised actions that I have seen taken by a government agency in many years," said Anne Canfield, a partner at Michael Best Strategies.


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Tax Reform Contributing to Slowing Housing Market

April 19, 2019
Brandon Ivey

The 2017 Tax Cuts and Jobs Act appears to have contributed to a slowing housing market last year, industry analysts say. However, tax reform could help boost the housing market going forward.


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JPM Has a New Mortgage (Consumer) Chief: Marianne Lake

April 18, 2019
Paul Muolo

The Lake promotion comes about two weeks after JPM Chairman and CEO Jamie Dimon in a letter to shareholders said the megabank is considering significant changes in its home lending operations...


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Ditech Discloses Limited Financials and It’s Not Pretty: A $105 Million Loss for February

April 18, 2019
Paul Muolo

The Ditech financial hole just got bigger...


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