Origination

The giant servicer picks its reverse mortgage CEO Otto Kumbar to lead its forward and reverse mortgage lending businesses.

Scrapping the Home Equity Conversion Mortgage and starting fresh could be the boost needed.

Although this is a benefit to lenders who make a mistake in calculating points and fees, it does not address problems associated with a lack of clarity in the rules.

Federal Housing Finance Agency Director Mel Watt has struck a conciliatory tone, seeking lenders' input and making loan-buyback rules more industry-friendly — a clear signal the administration thinks it needs bankers' help to reignite the tepid housing recovery.

TIAA-CREF and Jonathan Rose Cos. have launched a national fund dedicated to "green" and affordable mixed-income multifamily housing development.

Wide-ranging efforts to reform Home Equity Conversion Mortgage lending and servicing practices are designed to close loopholes and resolve policy inconsistencies, but some obstacles remain unresolved and more work needs to be done.

In Las Vegas the house always wins and many in the industry were talking about the rising house values that are driving competitive purchase markets in some parts of the country.

The consolidation is expected to be completed by the start of next year.

The mortgage software tech company Ellie Mae reported net earnings of $4.1 million for this past quarter on the strength of its loan origination system software.

Mortgage lenders need to pay attention because Americans are interacting with peer-based networks to make major purchasing decisions.