Origination

We’ve heard many times that the true cause of the mortgage crisis was government meddling in the market to ensure lending to low-income and minority applicants who couldn’t pay it back.

Foreclosure activity increased last year in more than half of the nation’s metropolitan statistical areas with a population of at least 200,000.

At least 2% of 2012 loans would be considered non-QM loans under the final qualified mortgage rule that the Consumer Financial Protection Bureau issued on Jan. 10.

The House Financial Services Committee will hold two hearings on the financial condition of the Federal Housing Administration single-family program.

The HECM Saver will be the only fixed-rate reverse mortgage product available to seniors starting April 1, according to the Federal Housing Administration.

D.R. Horton plans to offer and sell two types of senior unsecured notes totaling in aggregate several hundred million dollars.

Arbor Commercial Mortgage has gotten the go-ahead to participate in the Department of Housing and Urban Development’s Low-Income Housing Tax Credit pilot program.

FloodInsights is now offering lenders and others a sinkhole search report for Florida properties.

As the mortgage market increases the use of upfront automated audits to comply with regulation, homeowners are being offered the opportunity to review whether lenders and servicers are up to the task.

Residential retail lender Mortgage Master continues to seek expansion possibilities in promising geographic markets.