Origination

The Senate Banking Committee dug into the details Tuesday of how to ensure that community banks retain access to a reformed housing finance system as agreement over a broad approach began to emerge.

MortgageIT will pay HUD $12 million for unfairly denying and overcharging loans against African American and Hispanic borrowers.

Community bankers are trying to make sure they have a place at the table as legislators decide lender access to the secondary market where they play a bigger role than most believe to be the case.

The cooperatives made hay on the refinancing boom. Can they repeat that success in a purchase market? They think they can.

Prices have recovered since the financial crisis and they are now in positive territory again, CoreLogic says.

$500 billion to $1 trillion of loans will mature over the next few years that can be refinanced. But what roadblocks could stop a transaction from being completed?

The federal government’s role in mortgage finance must be addressed to determine if there’s a better way to originate, package and deliver loans to investors and attract new private capital into the marketplace, says Alan Bahr.

Increase surprises observers due to falling home sales during the third quarter.

Third-quarter profit for Ally Financial fell by 76% as the company settled U.S. claims for soured mortgages and stopped making new home loans.