George Yacik

This year looks bad, and next year not much better. But the best mortgage salespeople can still make a lot of money.

Guild Mortgage is looking to grow its business with three-year goals of amassing $20 billion in servicing and doing $10 billion a year in originations for first-time homebuyers.

Making mortgages is good for CUs’ fiscal health, it turns out.

The cooperatives made hay on the refinancing boom. Can they repeat that success in a purchase market? They think they can.

Usually, loan officers with a lot of unclosed loans in the pipeline—and therefore commissions at stake—are hesitant to make a move.

With interest rates rising and refinances tanking, a lot of lenders are searching for a bigger share of the home purchase market.

Recent increases in Federal Housing Administration mortgage insurance premiums are giving a much needed shot in the arm to the private mortgage insurance industry.

Norcom Mortgage is looking to expand its footprint outside New England and targeting the rest of the Eastern U.S.

If you’re a mortgage technology vendor and you’re located in a place not generally known as a hotbed in that industry where do you find skilled employees?

Prices of condominiums are starting to play catch up with single-family homes.

Collectively, credit unions originated more than $100 billion in loans last year for the first time.

The supply of foreclosed homes and REOs is dwindling quickly and probably has already peaked.

The Census Bureau recently reported that the U.S. homeownership rate fell to 65% in the first quarter, down from 65.4 % a year earlier, putting it at its lowest level since the third quarter of 1995.

We're hearing despite all the progress the mortgage industry has made in going paperless, it's perhaps more than a little ironic that the most important event in the mortgage process is still largely a paper-driven affair.

We're hearing if you look closely, you can start to see the first shoots of a reviving home equity lending industry.

Expecting the same employees who have been doing refis the past two years to start doing purchase mortgages well may be unrealistic.

That giant sucking sound you hear may be the sound of mortgage loan officers from the large national commercial banks moving to small and midsize regional players.

For at least the past 25 years the residential mortgage industry has gone through one refinance-driven boom-and-bust cycle after the other.