Origination

Mortgage professional hiring and new job appointments for the week ending Jan. 15.

Brokers and small lenders are being crushed under the weight of heavy regulation, leaving loan officers little choice but to shoulder the burden themselves — or move to an organization that can handle the regulatory requirements.

The availability of debt and equity financing declined during the most recent quarter, according to the National Multifamily Housing Council.

PNC Financial Services Group reported lower fourth-quarter profits on a decline in fees related to residential mortgages and deposit accounts.

Loan officers from the Top Producers rankings share some of their best career anecdotes and advice behind their success in the mortgage industry.

Home Equity Conversion Mortgage servicers have received an additional three months to explore loss mitigation options when borrowers or their spouses have difficulty paying their property taxes and insurance.

The reverse mortgage industry is optimistic after recent reforms to the Home Equity Conversion Mortgage by the FHA and newfound respect from financial planners.

JPMorgan Chase reported a 21% drop in year-over-year earnings for its mortgage business as revenue dropped 10%.

Interest rates on fixed-rate mortgages fell further this week due to overseas turmoil, according to Freddie Mac.

For luxury-home developers and brokers in Miami and Manhattan who are already contending with slumping prices and slowing demand, the U.S. government's decision to start scrutinizing all-cash buyers was more bad news.