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Home » Topics » IMFnews » Originations

Originations
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In Trying to Prevent a ‘Hard Stop,’ Freedom Mortgage Runs Afoul of HMDA

June 6, 2019
Yemeng Yang

The CFPB said the practice was not limited to a specific location, loan officer or time period...


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Short Takes: A Refreshing Assessment from Freddie’s Don Layton / Hey, Let’s Build an AU System Everyone Can Use (Maybe Not) / FHFA Pulls the Plug on Rate Survey / Booming Loan Originations. However… / CHLA Hires Industry Vet Willison

June 5, 2019
Paul Muolo

Freddie CEO Don Layton: "People tell me, ‘Well, let’s have a common AUS that everyone can use.’ My only data point on that is that to have a common system on the backend for the security (UMBS) took seven years and $2 billion to build…”


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New Deadline Set for Auction of Ditech Servicing Business

June 5, 2019
Paul Muolo

Ditech’s M&A advisor is the investment banking firm of Houlihan Lokey...


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Throwing a Monkey Wrench Into an Anticipated M&A Boom: Declining Rates

June 5, 2019
Paul Muolo

Thanks to today’s high loan balances, a 50-basis-point drop in rates can do wonders for the refi market, but is bad news for companies that have large servicing portfolios to unload...


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Potential Borrowers Overestimate Mortgage Qualification Requirements

June 5, 2019
Brandon Ivey

Even current mortgagors don't know the minimum requirements...


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CFPB Issues Warning on Loan-Closing Scams

June 5, 2019
Yemeng Yang

The agency said if a scam is suspected, the customer should contact the bank or wire-transfer company immediately...


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Short Takes: A Lower Production Read on LOs / FHFA Chief Weighs in On Affordable Housing Creation / Thinking About What Gordon Gekko Once Said / Civic Launches Correspondent Initiative / Wholesale v. Correspondent

June 4, 2019
Paul Muolo and Brandon Ivey
If only we had more GSE charters...
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Community Banks Seeing Effects of DFA Reg Relief

June 4, 2019
Yemeng Yang

Ron Haynie, senior vice president of mortgage finance policy for the Independent Community Bankers of America, said smaller institutions have already benefited from reg relief…


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Coming Soon and Causing Agita: CECL

June 4, 2019
George Brooks

CECL requires expected losses to be anticipated long before actual evidence of a loss can be recognized…


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California Still the Mother Lode for Fannie and Freddie

June 4, 2019
John Bancroft
The top three states in GSE business: California, Texas and Florida...
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