Originations - Page 4 | Inside Mortgage Finance

Guild Takes Loss Tied to Servicing in Third Quarter

November 7, 2024

Declining interest rates during the third quarter contributed to a negative $145.8 million mark on the value of Guild’s mortgage servicing rights.

Multifamily Loans Drive Up Commercial MBS Issuance

November 7, 2024

John Bancroft

Some $30.44 billion of multifamily loans went into commercial MBS issuance in the third quarter, a 46.1% increase from the second quarter.

Short Takes: FICO Increasing Score Price / Earnings Jump at Finance of America / Zillow Increases Originations / Losses Narrow at Blend

November 7, 2024

Brandon Ivey

The wholesale royalty cost for a FICO credit score for mortgage originations will increase by 41% in 2025 to $4.95.

Big Swings Likely in Federal Housing Policy Under Trump

November 6, 2024

Brandon Ivey

A business-friendly CFPB, higher insurance premiums for FHA borrowers and an exit from conservatorship for the GSEs are all possibilities.

loanDepot Turns its First Quarterly Profit Since 2021

November 6, 2024

Brandon Ivey

The profitable third quarter was due to modest improvements in originations coupled with ongoing cost management and productivity programs.

Mortgage Companies Urged to Explore AI for Efficiency

November 6, 2024

Monica Hogan

Laura Escobar, 2025 chair of the MBA and president of Lennar Mortgage, encouraged MBA members to become more comfortable incorporating AI into their businesses.

Short Takes: More Rate Volatility / Applications Decline Again / Home Price Projection / Angel Oak REIT Returns to Profitability

November 6, 2024

Brandon Ivey

The 10-year opened the day at 4.258% and spiked to nearly 4.50%.

Complaints to CFPB Involving Mortgages Stand Out

November 5, 2024

Shannon Clark

Complaints about credit reporting dominated submissions to the CFPB and they more than doubled on an annual basis through the first three quarters of this year.

Another Profit for Onity but Book Value Lags

November 5, 2024

Paul Muolo

Revenues increased 7.7% from 2Q24 but compensation to executives and employees rose 8.2%.

FoA’s Debt Move Draws Mixed Reviews From Fitch

November 5, 2024

Brandon Ivey

Ultimately, Fitch's long-term issuer default rating on Finance of America went from C to CCC.

Originations
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Guild Takes Loss Tied to Servicing in Third Quarter

Multifamily Loans Drive Up Commercial MBS Issuance

Short Takes: FICO Increasing Score Price / Earnings Jump at Finance of America / Zillow Increases Originations / Losses Narrow at Blend

Big Swings Likely in Federal Housing Policy Under Trump

loanDepot Turns its First Quarterly Profit Since 2021

Mortgage Companies Urged to Explore AI for Efficiency

Short Takes: More Rate Volatility / Applications Decline Again / Home Price Projection / Angel Oak REIT Returns to Profitability

Complaints to CFPB Involving Mortgages Stand Out

Another Profit for Onity but Book Value Lags

FoA’s Debt Move Draws Mixed Reviews From Fitch

Latest Imf News

Basel III, Other Rulemakings Paused Until Next Administration

Correspondents Grow Agency Market Share in 3Q24

Fed Examiners Find Multiple RESPA Escrow Account Violations

GSEs See Slight Uptick in CRT Issuance, Investor Demand Holds Strong

Featured Data

Private MIs Lose Some Share in 3Q24 Refi Market Surge

Mortgage Performance Slips Further in Third Quarter

GSE Earnings Resilient in a Tight Housing Market

Banks Generate Small 3Q24 Gains in Mortgage Banking

Featured Reports

Top Mortgage Players: 2Q24 (PDF)

Mortgage Profitability Report 2Q24 (PDF)

Agency Channel Analysis: 3Q24 (PDF)

IMF Mortgage Directory: Full interactive database

Featured Poll

The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

Originations RSS

The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

Originations
RSS