Origination

Low inventories continue to support rising home values.

Following new legislation issued by the CFPB earlier in November, the mortgage industry’s voluntary standards organization has extended the comment period beyond yearend 2013.

Mortgage loans originated this year are favorable towards borrowers, but there may be a shift in risk and eligibility as the market moves into a purchase and first time homebuyer market.

The CFPB's "Know Before You Owe" rule combining TILA and RESPA disclosures "is one of the largest and most impactful regulatory changes credit unions have probably ever seen,” one analyst says.

Colonial Savings installed new mortgage software and consequently tripled loan volume, cut costs and improved compliance without reducing headcount.

Loan buybacks fall to the lowest level in 5 years with $1.8 billion in the third quarter.

More builders are getting new single-family construction permits amid home sales declines, which one insider sees as a natural market adjustment that will not inhibit the housing market recovery.

Management can discuss a new rule as a compliance threat, but originators needs to learn about compliance requirements in such a way that they can sell without fear.

It is not just a way for them to fill their pipelines during a slowdown in originations, they claim.

The GSE regulator shies away from making changes with Congress poised to confirm a new Fannie, Freddie overseer.