Origination

Getting the prep work done now for creating next year's business plan.

The affordable housing developer will help provide peers with access to New York City’s inclusionary housing program designed to ensure developers and projects stay in compliance with regulators.

The mortgage technology provider will not comment on the reports.

They are looking to fix the industry’s reputation and that should help the scores on customer service surveys like the one J.D Power is releasing on Nov. 14.

Multiple companies have allegedly used borrowers’ maternity/parental leave status to delay or deny loans. This is in violation of the law and alienates a key group of borrowers.

Banks, along with Fannie Mae and Freddie Mac, are revisiting mortgage lending policies to address fracking concerns. Some banks will no longer finance homes where an oil rig sits, and Freddie Mac says it can force the entire outstanding balance to be paid if an oil lease is signed.

The Scottsdale, Ariz.-based investor of foreclosure-to-rent properties is aggressively expanding its purchase business indicating this market is anything but passé.

Dennis Lockhart said he wants to see inflation accelerate toward the Fed’s 2% goal before the central bank reduces $85 billion in monthly bond purchases.

Concern is mounting that Nationstar, Ocwen Financial and Walter Investment are getting so big so quickly that they are becoming too difficult to manage and should consider tapping the brakes on acquisitions.

Lenders reduced credit score minimums on loan products as originations declined.