Origination

The Department of Housing and Urban Development is coming under pressure from House Republicans to issue a policy that would ban the Federal Housing Administration from refinancing any loans that have been seized by a county via eminent domain.

Flagstar Bancorp said that its chief executive has stepped aside after just eight months in the post.

On May 8, four men were convicted in a California court of defrauding hundreds of victims in a real estate scam that included fraudulently collecting upfront fees for loan modification services.

As a result of the new qualified mortgage rule from the Consumer Financial Protection Bureau, nearly half (44%) of credit unions in a survey indicated they will cease originations of non-qualified mortgages, while another 44% will reduce originations.

The National Association of Realtors is projecting that existing home sales will rise 16% from 2012 to 5 million this year.

The Federal Savings Bank, which is owned and operated by military veterans, has opened its Northeast flagship loan production office in Manhattan.

News about the flood-tested endurance of a structure in the Chicago area is music to the ears of everyone who has witnessed any of the super storms that keep hitting our shores.

Most stocks in this publication’s Mortgage Industry Equity Composite lost some value during the day, with five exceptions.

When it comes to counseling consumers on their financial health, home buying or home retention, an effective client management system can help with that process that takes place following an initial counseling session.

Federal regulators have agreed to soften a rule intended to rein in the banking industry’s domination of a risky market.