Origination

Even though volumes rose in the fourth quarter of 2012, independent mortgage bankers saw their average profits per loan fall during this time period.

First Bancorp, the holding company for FirstBank Puerto Rico, said that the financial institution has reached three separate agreements to sell a total of $532 million of unpaid principal balance in classified and nonperforming commercial loans.

As the Atlanta area continues its rebound from the housing crisis, Envoy Mortgage plans to be there during this recovery period.

Inconsistent, manual or expensive platforms that do not assess a mortgage loan portfolio in its entirety are a thing of the past.

The TD Bank Mortgage Service Index found that over half of the participating consumers expect more from their lenders.

Fannie Mae acquired nearly 640,500 Home Affordable Refinance Program loans in 2012.

The downgrade reflects an increase in expected losses primarily due to updated property valuations on the specially serviced loans.

Purchases of primary residences rose 17% in 2012 compared to the prior year, while purchases by investors slipped 2%, according to the National Association of Realtors.

Delinquent loans in commercial mortgage-backed securities increased in March by eight basis points.

The percentage of consumers who were late on paying their home equity loans fell to 4.03%, their lowest level in three quarters.