Origination

The unit is being created to help servicers comply with the Consumer Financial Protection Bureau’s new mandates.

The parent of PrimeLending makes a 50% stock/50% cash bid for the 76% of SWS it doesn’t own.

Now that Jan. 10 has arrived with its many new regulations, some loan officers are thinking about whether they should stay in the mortgage business. There are other issues, however, that they should be thinking about as well.

Small lenders have cut over 14,000 employees since June.

The qualified mortgage rule, reduced refi activity and ongoing commoditization are forcing smaller institutions to take a hard look at exiting the mortgage origination business.

Americans flush with cash as they regain equity in their homes are spending more after years of pinching pennies.

The agency is reportedly auditing a number small lenders and brokers for compliance.

Applications for HECMs jumped 100% in September.

Back in the 1990s when Ed Fay graduated from business school, his goal was not to own a mortgage company, or to be the boss. Then the mortgage crisis started.