Origination

Mortgage lending is contracting to levels not seen since 1997 as rising interest rates and home prices drive away borrowers.

Some nonmortgage technologists think lenders are behind the times when it comes to reaching consumers, and they can help.

The rock and hard place between which lenders have found themselves in regard to the use of hiring screens and disparate impact (in hiring) just got a bit softer.

The Mortgage Bankers Association lowered its 2014 origination estimate after a disappointing March report on home sales.

People who lack a credit or work history in the United States may have trouble getting a mortgage under the new qualified-mortgage rule, bankers say. A number of immigrants are self-employed, which makes it even harder to qualify.

But be aware of the business and regulatory risks associated with closing loans in your own name.

JPMorgan Chase said Friday it significantly downsized its mortgage operations while increasing the price on high loan-to-value loans to reflect higher default and servicing costs.

Wells Fargo posted a 14% rise in first-quarter earnings as fewer customers missed loan payments.

JPMorgan Chase said first-quarter profit fell 19% on lower revenue from fixed-income trading and mortgages, themes that may be repeated across Wall Street next week.

Mortgage lenders are retooling their approach to customer acquisition to increase business in a purchase-driven market.