Origination News

Banks' Pursuit of Top-Tier Borrowers Drives Jumbo Mortgage Rates Down

Interest rates for mortgages over $417,000 have fallen 11 basis points during the past six weeks, driven by competition among banks to win the business of wealthy, less risky borrowers.

Risk Management

Data & Tools

Latest Headlines

Mortgage Applications Decline, but Purchases Increase Slightly

Mortgage application volume decreased from the previous week as refinances fell but purchase activity rose slightly.

Equifax Makes Its Verification of Hazard Insurance Available

Equifax Inc. has created a new Verification of Hazard Insurance service for mortgage and home equity lenders.

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Lead Gen Logistics

Customer relationship management technology and new regulations require lenders and loan officers to re-evaluate how they manage the ownership and use of lead sheets.

Mortgage Grapevine

Political: It's Obama's fault the economy grew 4% in 2Q

Loan to buy and set up a manufactured home

OT: Did the Browns make a mistake drafting Johnny Football

Political: The latest court ruling on Obamacare

Homeownership Falls to 19-Year Low Amid Credit Crunch

Hard Money Lender Manhattan Bridge to Raise $5M in Stock Offering

Home Prices in 20 U.S. Cities Rose at Slower Pace in May

Radian, NAREB Partner on PMI Training

Freddie's Mortgage Purchases Drop by Nearly Half in June

Independent Bank Profits Plunge as Mortgage Income Drops

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

From Our Blogs

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

Sneak Peek 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.

Origination

Servicing

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?

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.

With Some Lenders Hurting, Could Double-Pledging Fraud Resurface?

Using the MERS System helps stop mortgage lenders from fraudulently pledging the same loans to multiple warehouse lines. Most line providers register as interim funders. Some recent entrants may not.