Origination

Columbia Business School Professor Christopher Mayer says he’s so convinced that reverse mortgages can be a cornerstone of responsible retirement planning that he’s gone into the business.

The third-biggest U.S. bank by assets is shuttering its default servicing operations in Hagerstown, Md., and Fort Mill, S.C.

Urban Institute researchers urge the agency to review its impact in 30 census tracks.

Builders broke ground on fewer homes in December, especially in the West.

This figure is down 26% from the previous year and represents the lowest annual total since 2007.

Centerline Capital Group named a new regional director for the Western region, who will primarily be responsible for originating Fannie Mae Small Loan transactions in California and Arizona.

The lender disguised kickbacks as lease payments to the referring bank.

Also some advice on complying with the ability-to-repay requirement.

SIFMA members are also concerned about risk retention and GSE reform, according to the group’s EVP.

The changes will aid Flagstar in aligning its infrastructure with the current business environment, specifically the status of the mortgage origination market.