Origination

The Federal Housing Administration expects to have a $1.7 billion budget shortfall for FY 2013, which is entirely due to the FHA reverse mortgage program.

If the consumer pays a loan originator organization, the organization is allowed to pay a commission to the individual LO who originated the transaction.

A mortgage software provider recently launched a tool that unifies compliance tracking and rules application within a common management framework to monitor if a loan is delinquent.

We're hearing about the ability of a real estate broker to obtain a cash advance on an anticipated commission to be earned at closing.

The convergence between regulatory calls for machine-readable forms and technological advances are increasing the amount of electronic doc management used in origination and servicing.

Specialized Business Software, a provider of custom software solutions for mortgage, insurance and financial services companies, earlier this month released Docunym 2.2.

The index of pending home sales fell 1.6%, after a revised 1.4% decrease in July that was bigger than initially reported.

Iron Hound Management Co. recently completed the refinancing for two New York deals that was over $400 million.

The votes have been counted and Mortgage Technology is pleased to announce the finalists for the 2013 Lenders’ Choice Mortgage Technology Award.

As the last day of hearings on the $8.5 billion Countrywide settlement closed without a conclusion, analysts warned investors’ wait for payouts could be much longer.