Origination

Successful originators are not doing anything new or different, but are using tried and true techniques when it comes to building their business.

JPMorgan Chase said it will lay off more than 150 employees in its Garden City, N.Y., mortgage division, as part of a previously announced broader downsizing.

D.R. Horton said it paid $210 million for the homebuilding operations of Crown Communities, the largest residential developer in the Atlanta area, where new-home demand is still recovering from the recession.

Affordable housing is one of the sticking points keeping the secondary mortgage market reform bill from advancing in Congress.

Mortgage originators have been slow to adopt this tool which can assist in educating potential clients about your products and services.

Arizona has revised its education requirements while Virginia has introduced a new category of loan officer.

Taylor Capital in Chicago is no longer looking to sell its mortgage banking operation.

HSH.com, a New Jersey-based publisher of consumer loan information, released an online tool to help consumers calculate the cost of a mortgage.

Atare Agbamu promised his elderly clients that reverse mortgages were regulated to protect them and their spouses and heirs. Then he came across a HUD letter to lenders indicating otherwise.

PHH Corp. swung to a net loss in the first quarter, driven by losses in the mortgage banking business that it is considering selling.