Origination News

Becky Walzak, EVP of Mortgage Trueview, thinks lenders should analyze data more closely to help keep themselves from getting into trouble with regulators.

Sneak Peak at 2013 HMDA Data Shows Apps Down, Denials Up

The CFPB and other regulators are showing an increasing appetite for big data. The HMDA database may be the biggest in the mortgage business and a preview of the upcoming dataset may give lenders a chance to stay one step ahead of the feds.

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Radian, NAREB Partner on PMI Training

The National Association of Real Estate Brokers has entered into a two-year training partnership with Radian Guaranty.

Freddie's Mortgage Purchases Drop by Nearly Half in June

In June the unpaid principal balance of Freddie Mac's total mortgage portfolio declined 2.6% from a year earlier, to $1.89 trillion, as total purchases shrank by almost half.

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Independent Bank Profits Plunge as Mortgage Income Drops

Independent Bank Corp. reported lower second-quarter earnings as income related to mortgages fell dramatically.

Incoming CEO's Challenge at MGIC: Grow Under New Constraints

Patrick Sinks is taking the reins at MGIC as the mortgage insurer faces tougher capital standards and a more competitive field where his company is no longer No. 1.

Mortgage Grapevine

OT: Did the Browns make a mistake drafting Johnny Football

Political: The latest court ruling on Obamacare

Prediction: Banks will shed TPO Units, fire retail LOs

Underwriting a customer with income-based student loans

An Amazon for Mortgages: Why Altisource Is Buying Mortgage Builder

PHH's CEO Messina Also to Head Mortgage Unit

Regions Bank Joins Fannie Multifamily Program, Acquires Portfolio

Fannie Lender Survey Shows Market Optimism, But Concerns Remain

Major Builder Sees Opportunity in First-Time Buyers

New HUD Secretary Set to Take Office on Monday

From Our Blogs

Joseph Semrani is the head of a national telesales group in a mortgage division at M&T Bank and has been managing loan officers for the past decade at various mortgage companies.

We Blew $250,000 on Online Mortgage Leads So You Don't Have To

If you worked at a bank and you spent $250,000 on a new marketing campaign and got no results, would you keep spending?

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BETTER, BUT … Wells Fargo's mortgages are

Big Banks' Mortgage Volume Soars, But Profits May Still Be Grounded

It sounds liked a great business formula: home loans soared at several megabanks last quarter after they spent months cutting thousands of jobs to save costs. But executives remain concerned about profit potential because market shifts and new regulations are making mortgage lending more expensive.

Lenders Fear CFPB Disclosure Plan Goes Too Far

Although the proposal to add more Home Mortgage Disclosure Act requirements was required by the Dodd-Frank Act, those in the lending industry said they were taken aback by the amount of additional information the CFPB is seeking, arguing it goes way beyond the regulatory reform law.