Origination

Getting all of the financing pieces for affordable housing is difficult because nonprofit developers usually have to tap multiple sources of capital.

A former official at Bank of America Corp.’s Countrywide unit who filed a whistle-blower suit testified that in mid-2007, a unit of the lender created a business model that approved a home mortgage loan in 13 minutes.

The government-sponsored enterprises are leaving billions on the table by not going after deadbeat borrowers who may have the wherewithal to make good on their mortgages but failed to do so.

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.