Origination

The Mortgage Partnership Finance Direct program will now accept larger jumbo mortgages and a wider variety of products including hybrid adjustable rate mortgages, the Federal Home Loan Bank of Chicago and Redwood Trust said Monday.The partners said that the program would accept jumbos of up to $2. 5 million, a boost from the previous $1.5 million limit.

Ellie Mae has released the latest version of its loan origination system, which includes an integration with Freddie Mac's Loan Advisor Suite.

Mortgage originations typically surge in a low-rate environment. Second-quarter reports should show an uptick in fees from selling those loans, but what will bankers say about the rest of this year?

Bank of America saw its mortgage banking income fall to $312 million in the second quarter from over $1 billion one year prior as it continues to keep more loans on its balance sheet instead of selling them in the secondary market.

Uncertainty about what constitutes a TRID error has had a direct impact on independent mortgage bankers. But some warehouse lenders that provide those originators with interim funding have also been affected by the liquidity concern, taking on increased risk exposure.

Confidence among homebuilders declined in July from a five-month high, showing the construction industry remains in a slow, if unspectacular, recovery as the busiest part of the selling season comes to a close.

While all prospective homebuyers may face challenges to buying a home, the perception of what those obstacles are can take different forms based one's race or ethnicity.

The San Francisco bank reported a 17% drop in mortgage fee income during the second quarter as other lenders made inroads by refinancing its customers.

PNC Financial Services Group's mortgage income rebounded in the second quarter as the company's servicing hedging activities returned to profitability.

Carmen Inclan of Raymond James Bank recognizes customers are happiest, and business booms, when communication is prioritized.