Origination

Brokers are delivering the higher quality loans wholesalers demand and that is bringing new players into the channel, New York originators say.

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HMDA data show 34% of mortgage apps went unfunded last year, down from 40% in 2011.

Galante getting closer to re-examining pricing policies but don’t expect premium reductions anytime soon.

Tranche prices ranged from 62 basis points over swaps for some triple-A notes to C notes that priced at 235 basis points over swaps.

The title insurer will raise the funds by selling stock and taking a bridge loan.

Fannie’s regulator postpones reductions in conforming loan limits due to implementation of the CFPB mortgage and servicing rules.

Even at 83, Dale Dykema thinks it is never too late to reinvent his company.

The frontman for the band Lights Over Paris used the money for his musical project and lavish lifestyle.

Big banks are notorious for “hire and fire” tactics whenever there’s a hiccup in mortgage originations. Middle-market lenders can take advantage of this by pouncing on highly qualified staff they could not afford when the large banks were hiring.