Origination

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.

The second-largest home lender's warning that it will lose money in the business this year is a forceful reminder that the housing market has not fully recovered from the downturn.

Poorly executed rebranding efforts (especially when switching marketing efforts to purchases from refinancings) can damage your company and put its future in question.

Mortgage Network in Danvers, Mass., has opened its first office in neighboring Rhode Island.