Origination

Jan. 10 has brought nine tough new servicing rules from the Consumer Financial Protection Bureau.

The bank hires Dan Smith, formerly of BrightPath Mortgage, to run this business.

In order to put the flood of government-related mortgage litigation behind them, banks will be forced to increase their litigation reserves.

The investor says by its calculations the unsolicited bid is too low by at least $1 per share.

While compliance has been properly viewed by most as merely a cost for lenders, it may very well become an investment critical to engaging in the most profitable form of lending.

Aggregate 30- and 15-year conventional prepayment speeds in December were up from the previous month but by less than expected, and Ginnie Mae speeds also were slower than anticipated.

New tool helps lenders meet regulatory expectations and build a unique settlement agent list updated with real time risk status.

Some banks will be leery about originating loans to the self-employed because they can't document their ability to repay, but others insist that such loans, even outside of QM, are too lucrative to ignore.

If you look on the bright side, you will realize that this year has all the makings of a potentially incredible year.

There ought to be some flexibility to allow negotiated loan fees. But in these highly regulated days, nothing is easy.