Origination

Fannie Mae and Freddie Mac should “at least marginally reduce loan limits” to reduce the government’s dominance of the mortgage market.

Wells Fargo experienced a 28% drop in mortgage origination volume in the third quarter and it ended the quarter with a substantially reduced application pipeline due to the decline in refinancing activity.

If there’s one point of consensus when it comes to recent reform’s effect on Home Equity Conversion Mortgages and the securitized market for them, it is that they will be in shorter supply going forward.

It was not that the Home Mortgage Disclosure Act inaccuracies were intentional. Rather, it was that insufficient compliance and monitoring caused them.

JPMorgan Chase reported a third-quarter drop in mortgage originations and mortgage banking income as the giant bank trimmed its origination capacity.

Contracts need to be updated before Jan. 1 in order to legally pay this compensation.

SunTrust Banks will offer $500 million in consumer assistance and make a cash payment of $468 million as a result of an agreement with the Department of Justice and the Department of Housing and Urban Development over claims tied to faulty mortgages.

We're hearing from Des Moines where two competing real estate companies are engaged in a bitter fight for market share that includes litigation.

Slightly more than half of last year's Home Affordable Refinance Program participants had previously been turned down, loanDepot said.

A quarter-to-quarter decline is due to higher mortgage rates and seasonal factors.