Origination

Many conversations in the loan process start with this often uttered, never welcome phrase: "I am going to need an explanation…" If you were on the receiving end of that message, how would that make you feel?

Contracts to purchase previously owned homes rose less than forecast in January, adding to signs housing was weakening in early 2014.

Government mortgage programs for this country's more than six million Native people are accelerating home loan credit access to this underserved group of people. But seemingly intractable housing problems endure.

First Horizon National has reached an agreement with Freddie Mac related to home loans originated and sold to the government-sponsored entity between 2000 and 2008.

Also, loan officer compensation trial victory for Prospect Mortgage and employment contract news.

Business contingency plans kept originators and vendors humming along at almost normal during the January and February blizzards.

Wells Fargo, the nation's largest mortgage lender, plans to eliminate 700 more jobs as fewer borrowers are looking to refinance their mortgage loans.

Mortgages secured by multi-unit properties pose a higher fraud risk than all other property types, the antifraud technology vendor Interthinx says in its latest quarterly report.

Mortgage rates for 30-year loans climbed for a third week, increasing borrowing costs as harsh weather contributes to slowing demand for homes.

Freddie Mac will return $10.4 billion in profits to the Treasury Department next month, bringing total payments to about $10 billion above what it got in aid under conservatorship.