Origination News

"Responsible lending by community banks and credit unions did not cause the financial crisis, and our mortgage rules reflect the fact that small institutions play a vital role in many communities," said CFPB Director Richard Cordray.

Cheat Sheet: How CFPB's Mortgage Changes Will Help Small Lenders

In yet another revision of its mortgage rules, the Consumer Financial Protection Bureau proposed making it easier for small and rural lenders to make "qualified mortgages." Industry representatives said the changes are poised to make a big difference.

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Hardware Failure Causes Outage for ReverseVision

ReverseVision, which operates the largest technology platform in the reverse mortgage industry, suffered an outage with its RV Express system because of a hardware failure. It's the second technology disruption for the San Diego-based vendor.

People Movers of the Week: Jan. 30

Mortgage professional hiring and new job appointments for the week ending Jan. 30.

Tick. Tock. Time is running out to meet your Safe Act CE and NMLS requirements.

Available 24/7, online continuing education for all states is within reach from AllRegs

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IRS Closes Two Audits in Colorado

The Internal Revenue Service recently closed two audits of bonds issued in Colorado with no change to the bonds' tax-exempt statuses.

Mortgage Grapevine

Borrower needs a hard money loan to pay off taxes, tax lien and debt

OT: Viner wants Seattle to destroy New England at the Super Bowl

Looking for a lender willing to do stated income loans in Florida

Mortgage bank seeks new outlet to sell loans to

Huntington Beach Programs Help People Buy Homes

MetLife Boosted Commercial Real Estate Investments in 2014

Pending Sales of Existing Homes Drop by Most in a Year

CFPB Proposes Mortgage Relief for Small Institutions

Homeownership Rate Falls to Lowest Since 1994

Freddie Prices Upsized Offering of STACR Risk Sharing Deal

Hudson City Still Waiting to Merge

From Our Blogs

AFFORDABILITY ISSUE: "It's a perfect storm going on," said Doug Bibby, president of the National Multifamily Housing Council, an industry trade group. "The industry is still trying to dig out of a hole created by chronic underbuilding during the recession."

FHA Tees Up Affordable Rental Housing Program

Aiming to address a nationwide shortage of affordable housing, FHA has launched a risk-sharing pilot program that it hopes will encourage community development lenders to finance the rehabilitation of smaller multifamily apartments.