Origination

Industry groups are backing a newly introduced bill that clarifies the 3% cap on points and fees in the qualified mortgage rule.

Loans refinanced under the Home Affordable Refinance Program declined in December to 41.1%.

The uncertainty impacting the mortgage banking industry for the past few years is starting to clear as the housing market is healthier and much of the rulemaking around Dodd-Frank is now out.

Mortgage rates for 30-year loans rose to a six-month high after stronger-than-expected employment growth drove up yields for the government securities that guide home loans.

During his presentation at the Regional Conference of Mortgage Bankers Associations in Atlantic City, he discussed what might be an opportunity for originators to share with their customers.

Despite a modest increase in foreclosure filings on a monthly basis as of February, one housing industry analyst sees relief for the national foreclosure crisis through the end of this year and into 2014.

Chairman and CEO Doug Lebda said the mortgage business performed particularly well in the fourth quarter.

That giant sucking sound you hear may be the sound of mortgage loan officers from the large national commercial banks moving to small and midsize regional players.

Mortgage Bankers Association CEO David Stevens warned lenders that they need to prepare for the high amount of refinance activity coming to an end soon.

We're hearing it helps to know your customers.