Origination

Norcom Mortgage is looking to expand its footprint outside New England and targeting the rest of the Eastern U.S.

The latest data from CoreLogic showed a drop in both foreclosure and shadow inventory figures, exemplifying more positive news in the nation’s housing recovery.

In the not-so-distant past, it was OK for the originator just to make sure the file was done correctly.

Reacting to failures at the point of customer contact.

Incentive pay to executives and senior managers at independent mortgage banking companies increased significantly in 2012, compared to the leaner years.

The cash will be used by PennyMac to fund loans purchased from other lenders that will be held for sale on the secondary market and/or securitized.

New restrictions for mortgage loan originators in the amendments include the “100 mile rule.”

One company advocating the use of eminent domain to condemn underwater mortgages plans to refinance the loans through the Federal Housing Administration short refinance program.

iStar Financial and Blackstone Real Estate Special Situations Advisors have agreed to purchase nearly 21.9 million shares of preferred stock from Landmark Apartment Trust of America.

Due to higher home price gains across much of the nation, continuous improvements in distressed market measures and greater consumer confidence, a more optimistic home value projection was made by Clear Capital.