Origination

The Department of Housing and Urban Development has redesigned its reverse mortgage program to reduce losses and ensure seniors keep some of their home equity in reserve.

Nonbank mortgage lenders added 300 employees to their payrolls in July despite rising mortgage rates and falling refinancing activity.

Concerns are being raised that slowing household formations and workforce expansion could be a drag on homebuilding in the years to come.

WNC has closed its 2013 fiscal year with a total of six low-income housing tax credit funds that raised an aggregate $348 million in equity.

One Grapevine poster keeps hearing there is a ton of money sitting on the sidelines waiting.

Stonegate Mortgage Corp., a nonbank mortgage company based in Indianapolis, has opened a new branch in Southlake, Texas.

The American Bankers Association has endorsed the mortgage unit of SunTrust Banks as an outlet for banks to sell mortgage loans.

Bankrate’s weekly national survey shows rates rebounded for all loan types with the 30-year fixed mortgage rate climbing to 4.72%.

Financial institutions are on the lookout and preparing to fight new mortgage repurchase demands from the government-sponsored enterprises now reviewing files from as far back as 2002.

In August asking home prices increased 11% year-over-year but only 1.2% month-over-month and 3.1% quarter-over-quarter.