Origination

Many American Indian reservations are mortgage deserts, with lenders avoiding them like the plague because of difficulties over land status, persistent poverty, and lack of lending infrastructure.

Gladstone Commercial Corp., McLean, Va., has hired Gladstone Securities LLC to be its non-exclusive agent to assist in arranging mortgage financing for its properties.

Home prices in Texas have recovered from the housing downturn as they are now 7% above the pre-recession peak recorded in the fourth quarter of 2007.

For the most part, qualified mortgage/Ability-to-Repay guidelines should provide a level of compliance certainty. But are they still too severe?

The amendment provides certain exceptions to this Dodd-Frank requirement that loan originator compensation be included in the total permissible points and fees for both Qualified Mortgages and high-cost loans.

Homeowners are “under paper” and unable to close on a home sale or refi transaction because a mortgage satisfaction has never been recorded in the public records.

A Mortgage Grapevine post is titled “Brokers are going to rule once again!,” where a poster says that with mini-correspondent and jumbo lending programs, the Wall St. conduits will need loans.

Stock prices rise as investors regain confidence over the Federal Reserve bond buying program ending.

A report from Fannie Mae said while the nation’s economy may be growing, it hasn’t reached its full potential yet due to fiscal headwinds.

Griggs will provide customers of the Fargo, N.D.-based financial institution with tools and information to be able to navigate the ever-changing mortgage landscape.