Origination

The Bakersfield, Calif., home market was on track to finally retake the peak it achieved during the housing bubble.

More details have emerged about the damage the coronavirus pandemic is inflicting on the hospitality industry. One servicer alone has received 2,000 workout requests in the past month.

Recognizing the leading originators of Federal Housing Administration mortgages in the 2020 Top Producers survey.

The advertisements are meant to entice: A month of free rent in a high-end apartment in downtown St. Petersburg. A free pool at a new housing development in Tampa. A $20 Amazon gift card for taking a virtual tour.

Correspondent loan sellers are hoping the new GSE purchases will help to open a market frozen by coronavirus-related risk — but the prices offered so far aren't too promising.

The coronavirus outbreak has shuttered business and kept people hunkered down in their homes. Perhaps unsurprisingly, it's also resulted in a market that experts describe as essentially frozen in place.

Phone calls have remerged as a powerful lead generation tool that loan officers shouldn't overlook.

The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of protecting itself against downside risks.

Mortgage industry hiring and new job appointments for the week ending April 24.