Origination

Some attorneys who prey on vulnerable homeowners in need of a modification are in for a surprise from outraged peers who are trying to make these alleged fraudsters pay back for being a disgrace to their profession.

A Mortgage Grapevine poster says his shop is due an audit from the New Jersey state regulators.

Chang Park cooperated with FBI investigators as part of a deal with the U.S. attorney's office.

GSF Mortgage named Chad Jampedro as new president of the company.

Industry groups may be disappointed with certain provisions in the final qualified mortgage rule but they are willing to work with the Consumer Financial Protection Bureau to make improvements.

New York Gov. Andrew Cuomo is in the process of defining the details of a new $1 billion House New York Program.

The Consumer Financial Protection Bureau has carved out a special exemption in the final qualified mortgage rule so that community banks and credit unions can continue to make balloon-payment loans in rural and underserved areas.

Commercial mortgage lender Walker & Dunlop said it now expects 2013 loan volume of between $10 billion and $12 billion, up from the previous prediction of between $8 billion and $10 billion.

Approximately 29% of American homeowners do not have any debt on their primary residence.

A recent jump in long-term rates and bond yields increased the Freddie Mac average for the week ending Jan. 10 by six basis points from the previous week.