Origination

The annual suspension will run from Dec. 18 through Jan. 3.

This is the largest quarter-to-quarter growth since 2008.

The program offers customers 1% back, either in cash or to be applied against the principal of their mortgage.

Earl Gross withheld over $8 million in loan payoffs that were due to Wells Fargo.

The largest reductions hit “sand states” that are still recovering from the housing downturn.

The terminations involve workers in the default servicing area and in loan originations.

Subservicing volumes have surged by almost 40% in the past year as servicing compliance demand has increased.

Single-family rental securitization prospects look brighter to supporters who find the REO-to-rental trend has evolved enough to bode well for a new wave in 2014, but analysts warn of unique new investor risks.

Origination News is looking back at the stories for 2013 which had the biggest effect on how loan officers did business. Plus, the outlook for 2014.

The company wants to focus on developing its Southern California business banking franchise.