Origination

Home equity investment/sharing products have had mixed success historically but FirstREX appears to be making some inroads supporting home purchase downpayments in the Pacific Northwest.

The luxury builder has commitments from two banks to buy non-QM loans.

Mortgage application volume increased slightly on a seasonally adjusted basis over the previous week.

Gov. Andrew Cuomo is proposing regulations that expand mortgage relief options available to homeowners who owe more than the current market value of their homes and share benefits with investors.

If you’re getting business like you’ve always done it, prepare to exit loan originations.

Standard & Poor’s expects the credit quality of new issue commercial mortgage bonds to deteriorate in 2014 as the result of increased competition among lenders.

Among the products being dropped are 95% loan-to-value ratio mortgages and loans for borrowers with low-to-mid range credit scores.

A stand-alone quality control unit may soon become a casualty of the heightened mortgage regulatory environment.

More than 1,800 financially distressed homeowners lost a total of at least $12 million in fees they paid the Rodis Law Group and America’s Law Group.

Other businesses are doing away with them in favor of salaries but originators are reluctant to do the same.