Origination

I am increasingly asked about whether subjective "performance" bonuses payable to loan officers are compliant.

Of the 100 largest metropolitan areas, 82 had an increase in asking prices on a year-over-year basis.

The long-term rate-indicative Treasury yield, which started the week at levels close to 1.7%, had surpassed 1.9% as of Friday morning.

Bank of America Corp. chief executive officer Brian T. Moynihan said his firm should overtake JPMorgan Chase & Co. in direct-to-consumer mortgage lending in the next six months.

If you are a mortgage broker who has customers that are veterans, and/or if you market VA mortgage loans to veterans, you may need to do some damage control thanks to some bad apples.

BankFinancial has sold nonperforming loans and foreclosed-upon real estate with a combined value of $22.7 million to unnamed buyers via two bulk sales.

Veros Real Estate Solutions’ latest quarterly forecast indicates the top 100 markets nationwide will appreciate on average 1.2% over the next 12 months.

Friday’s job report shows mortgage brokers hired 1,200 new employees in November while other mortgage lenders trimmed their payrolls for the second straight month.

There were more losers than gainers among the member stocks of National Mortgage News’ Mortgage Industry Equity Composite as the market closed Thursday afternoon.

The Federal Housing Administration is making it easier for small banks, thrifts and credit unions to participate in the FHA single-family program again.