Origination

The complexity in proving whether a loan officer is "outside" has caused many employers to abandon the classification - a move both unwise and unnecessary.

Consumer demand for housing has dropped to its lowest recorded level due to reduced confidence in financial security and income raises, a new survey from Fannie Mae says.

Jernigan Capital has listed 5 million shares of its common stock in an initial public offering.

Fannie Mae plans to sell pools of nonperforming single-family mortgages.

After drastic payroll reductions in December, lenders appear to be preparing for a better spring.

Navy Federal Credit Union closed over $1 billion worth of mortgages in March, and $2.5 billion year-to-date.

The shift in market composition is fueling concerns that if defaults rise, the Federal Housing Administration would have a harder time making lenders eat the losses on poorly underwritten loans.

While arrangements to finance MSRs may represent the cheapest way to address liquidity, other avenues of adding cash may be available and necessary.

Freddie Mac's next STACR offering will offer investors exposure to actual losses on residential mortgages, something the mortgage giant says investors have been asking for.

Clayton Homes, the manufactured-housing business owned by Warren Buffett's Berkshire Hathaway Inc., uses aggressive sales and lending practices that traps some borrowers in homes that are difficult to resell, the Seattle Times reported.