Origination

Indecomm Global Services has completed the acquisition of Mortgage U Inc., a mortgage training company that focuses on regulatory compliance.

Richard Hartnack, the former vice chairman and head of consumer and small business banking at U.S. Bancorp, has joined the board of directors of Freddie Mac.

Citigroup is replacing Sanjiv Das, the chief executive of its mortgage unit, with private bank head Jane Fraser.

If you originate under the qualified mortgage rule, courts must presume that you followed the eight underwriting guidelines found in ability to repay.

Laggards in adopting compliance technology can take a long time to get up to speed.

The Federal Housing Administration is making it possible for existing FHA borrowers who had trouble making their payments in the past to refinance at a lower rate.

When it comes to appraisals, different lenders have different needs, depending on lending strategies, business models and areas served.

Home equity lines of credit increased almost 16% in February 2013 compared to the same month a year ago, rising to $12.4 billion from $10.7 billion.

Concerns over the Federal Reserve exiting its bond purchase program affected the stock market on Monday.

The lowest credit score which is supposedly available for loans to meet the Federal Housing Administration program standards is 580.