Origination

Mortgage Fraud Examiners describes this program as a foreclosure rescue rip-off.

Many welcome additional lending as a sign of a recovering economy. But some of it is being done with looser underwriting.

Any salesperson will tell you that conversion is the key to success, but few are good at ensuring that it happens without a well-developed sales process.

Industry groups are seeking a longer delay in premium increases so the Federal Emergency Management Agency can complete an affordability study.

Credit requirements loosened the most in December, when 31% of mortgages had credit Fair Isaac & Co. credit scores below 700.

The bank reduced its servicing portfolio by 38% over four quarters, and lower provisioning for repurchases during the most recent quarter gave loan production income a relative boost.

The Nigeria Mortgage Refinance Co. will sell bonds on capital markets and provide long-term financing to lenders that will help them extend more home loans.

Standard & Poor’s estimates that the number of months required to clear shadow inventory has risen to 51 months, 14 more than a year ago.

Observers are warning this is only a temporary break as they expect rates to start rising again.

A court directed the Department of Housing and Urban Development to clarify the rights of unnamed spouses in Home Equity Conversion Mortgages documents, but HUD is appealing the decision.