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Home » Topics » IMFnews » Originations

Originations
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Short Takes: MBA Seeks RESPA Reforms / Economy Stronger Than Expected / CrossCountry Boosts Expanded-Credit MBS / UWM HELOCs in Securitization From Goldman

October 25, 2024
Brandon Ivey
“Modernizing and providing more clarity on structuring marketing services agreements and affiliated business arrangements and making it easier for lenders to market digitally to consumers would spur greater competition, increase consumer choices and lower settlement costs without compromising core protections,” Bob Broeksmit, president and CEO of the MBA, said in the trade group's white paper on RESPA reforms.
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Servicing Issues Increase in Mortgage Complaints to CFPB

October 24, 2024
Shannon Clark
Mortgage-related complaints submitted to the CFPB were up 2.7% from the second quarter, driven by servicing issues.
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Outsourcing an Option as Originations Grow

October 24, 2024
James Dohnert
Using outsourcing providers can help lenders avoid the hiring cycle that accompanies originations booms and busts.
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Short Takes: Mr. Cooper Growing and Shrinking / State Regulators Urge Mortgage Industry to Log In / Home Sales ‘Stuck’ / Expanded-Credit MBS From A&D

October 24, 2024
Brandon Ivey
Mr. Cooper group has reduced its servicing staff and is adding to its originations unit.
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Strong 3Q Originations From PFSI... But MSRs Values Nicked

October 23, 2024
Paul Muolo
PennyMac funded $31.7 billion of residential loans during the July-September corridor, a handsome 17% improvement...
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Originations Soar for Mr. Cooper During 3Q

October 23, 2024
Shannon Clark
The mortgage servicer funded over 25,000 new mortgage orignations in the quarter.
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There Goes the Mini Refi Boom?

October 21, 2024
Paul Muolo
Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...
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Democrats Urge Regulators to Rein In FICO

October 21, 2024
Dennis Hollier
The Democrats calculate that the cost of a FICO score has increased by as much as 400% over the past two years.
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Primary MI Volume Increases in Third Quarter

October 18, 2024
Brandon Ivey
The increase in the use of primary MI during the third quarter was sharpest in refinances.
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Western Alliance Boosts Originations in 3Q, Revenue Down

October 18, 2024
Brandon Ivey
While production increased, mortgage-banking revenue at Western Alliance declined by 31.0%.
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