Origination

As the credit union mortgage business transitions from a refi market to a purchase market, CUs are having to make “hard decisions” about their sales staff.

The preferred stock was issued as part of the compensation for Ocwen’s purchase of Homeward Residential Holdings from WL Ross in October.

Third-quarter earnings from builder Lennar Corp. show its mortgage-related operations were down compared to the same period last year, but its overall net earnings were up.

On a year-over-year basis, FHFA HPI is up 8.8%, but right now it is 9.6% below its peak month of April 2007.

The Federal Housing Finance Agency is launching a national campaign to notify homeowners about the benefits the Home Affordable Refinance Program can provide them.

Over the last 12 months, prices rose 12.3% and 12.4% as measured by the 10- and 20-city composites.

Seven tips for mortgage originators to use to source business from high-end home buyers.

Since seller-funded down payment assistance is no longer available, social media sources might be an alternative.

Homes.com said 22 of the nation’s top 100 markets have now seen prices rebound over 100% in July, up from 19 in June.

Investors are worried about when the Federal Reserve will start to taper and the fight in Congress over the debt ceiling.