Origination

First Guaranty Mortgage Corp. has created a division in its third-party originator group to focus on producing Department of Agriculture Rural Housing program mortgages.

We're hearing that some folks enjoy my creative use of metaphors in my weekly columns, which at least proves that some mortgage bankers have a sense of humor even as times get tough.

The Federal Housing Administration is currently reviewing all single-family loans that default during the first 24 months.

Envoy Mortgage, currently engaged in enhancing and restructuring its mortgage banking capabilities, is choosing in-house servicing over subservicing.

Customer advocacy groups recently targeted Bank of America and JPMorgan Chase headquarters during annual shareholder board meetings to protest against mortgage lending discrimination and abusive foreclosure practices.

Radian Guaranty reports it did $4.56 billion of primary new insurance written in May, topping April’s $4.1 billion.

For the week ended May 31, overall application volume fell 11.5% from the prior week on a seasonally adjusted basis.

Conix Inc. has just completed a $42 million nonperforming loan securitization.

Process efficiency is name of the game in a mortgage environment where originators will be looking at every dime spent versus received

Here are some items you should consider making a commitment not to undertake.