Origination

Now that the shutdown is over, the Mortgage Grapevine is discussing which party has the most blame for what happened.

It is becoming more and more common and the fun starts when the financial assistance from parents is attempted to be combined with a traditional mortgage.

Industry concerns about the proposed QM definition are now being bolstered by empirical evidence that confirms what many in the industry have suspected all along.

In finalizing the qualified mortgage rule, the CFPB carved out a special exemption for loans originated for state housing finance agencies.

The Atlanta-based company plans to cut 800 positions nationwide in response to diminished mortgage refinancing activity and overall market conditions.

Long-term rate-indicators dipped lower at the outset Thursday as a federal budget impasse that had put upward pressure on rates ended.

BB&T reported flat mortgage banking income and flat originations for the third quarter.

The economic recovery faces a challenge in January when new mortgage rules threaten to derail credit to prospective borrowers with blemished credit, industry insiders warn.

The company has cut 5,700 positions so far since midyear.

Another bank is right-sizing its residential mortgage lending unit as volumes drop.