Origination

Foreclosure inventory is down 31% nationally from one year ago, but this rate remains elevated relative to the pre-crisis level, says a CoreLogic economist.

Higher new home sales may involve discounts to entice buyers.

Banks are looking for investments and the guarantee fees for conforming loans keep rising, making the larger loans more appealing.

The nonbank has cracked the nationwide top ten servicing list and now wants to increase originations share.

Cash-rich banks are using adjustable-rate mortgages as a hedge: the loans’ longer-term payments will move in tandem with the lenders’ expected increases in borrowing costs as interest rates rise.

Automated systems reject too many applicants that could qualify for a loan due to compensating factors.

The CFPB estimates litigation expense could be just 10 basis points per loan, or even lower.

NMN also got a wry remark suggesting that big banks could be tapped to help fund the nation’s health care.

The funds are intended to support housing, business and infrastructure needs beyond those addressed by other forms of public and private assistance.

Commercial mortgage-backed securities with balances at or below $10 million dominated transfers to special servicing in 2013 and there is reason to believe the trend will continue, analysts say.