Origination

An ad campaign begun by the Federal Housing Finance Agency may come too late to boost refinancings by underwater borrowers with loans owned by Fannie Mae and Freddie Mac.

Just $334 million in single-family loans were placed in Ginnie I pools during the first month of the year.

Leading origination outsourcer cites "input" from activist investor Orange Capital.

The court’s finding in one case is consistent with the provision in the mortgage that allows the lender to do whatever is necessary to protect the value of the property.

The Consumer Financial Protection Bureau's new notification requirements for property valuations have rekindled old debates over appraisal alternatives and are expected to add costs alongside yet another layer of mortgage litigation risk.

Total Mortgage Services hired industry veteran Andy Pettola to head up its rebranded wholesale lending business.

Life insurers have gotten burned in commercial lending before, but spectacular credit performance is reinforcing their persistent love of the niche.

Uncertainty about the qualified mortgage rule has created an opportunity for expansion-minded retail lenders to recruit salespeople and branch office teams by emphasizing compliance rather than compensation in their pitches.

Prices for single-family homes rose in 73% of cities in the fourth quarter, fewer than in the previous three months, as surging values in the past two years started to reduce affordability.

This has cost real estate agents in Tuscaloosa, Ala. nearly $10 million in commissions, the author says.