Origination

Owners of single-family rentals can put the small units in their backyards, zoning permitting.

The number of homes in foreclosure fell sharply in 3Q as fewer and fewer borrowers fell behind on their mortgages, according to a report by the Office of the Comptroller of the Currency.

Many lenders have used a practice of reimbursing certain expenses, such as lead services, contingent on production levels. This practice is, however, potentially unlawful.

There is money from mortgage refinance business coming off the table as that pipeline runs dry.

The company is aligning its agency, direct and commercial New York customer channels.

MBS issuance continues to decline as the Fed reduces bond buying.

Industry groups wanted an extension to assemble data and challenge the agency’s findings.

Once Rep. Mel Watt is sworn in, he wants time to review the hikes mandated by the current Fannie Mae, Freddie Mac regulator.

Higher costs could have the biggest impact on this part of the mortgage business in 2014, according to originators.

Companies like Lennar Corp. have seen an 18% jump in prices on their inventory this year.