Origination

MountainView Management Co. plans to buy nonprime mortgages made to borrowers with credit scores in the mid to low-600s, maximum 80% loan-to-value ratios and balances as high as $2.5 million.

Stonegate Mortgage Corp. announced last week that it has formed a new direct-to-consumer mortgage origination business called Stonegate Direct.

Hometown Lenders in Huntsville, Ala., and Sun West Mortgage Co. in Cerritos, Calif., are paying a hefty price for hiring and allowing convicted felons to do business in Georgia.

The lesson in a recent consent order is clear — an MSA cannot shield or rehabilitate an otherwise impermissible arrangement.

Federal Home Loans Banks officials and others want more time to evaluate and comment on a Federal Housing Finance Agency proposal to restrict FHLB membership.

Recent regulatory settlements have made it abundantly clear that medical records are off-limits to lenders trying to verify the incomes of mortgage applicants on long-term disability.

According to Treasury Secretary Jacob Lew and many other others, the moribund market for private-label residential mortgage-backed securities needs reviving.

Take a look at what is truly holding back being able to increase your production and how to create a fix for it.

Every successful lender is familiar with those periods when an operations staff that had previously been working feverishly on a big pipeline of loans is suddenly faced with much less work.

Careful underwriting can take away much of the risk of this supposedly risky type of mortgage lending and contribute to profitable new business.