Origination

A few weeks back Prospect Mortgage hired industry veteran Amy Brandt to lead the company’s expansion into correspondent lending and servicing.

The American Bankers Association has selected Security One Lending to provide its members with access to reverse mortgage products.

Congress may decide to cap the mortgage interest deduction on residential debt at just $500,000.

Fannie Mae and Freddie Mac seller/servicers which have already been hit with two recent guarantee-fee increases should expect even more, according to the Federal Housing Finance Agency.

Platinum Home Mortgage will buy traditional conforming and government loans, and has hired Mike Azzarello as senior vice president and managing director to head the unit.

New-home sales fell to a 368,000 seasonally adjusted annualized rate in October, down 0.3% from September.

By only stalling the foreclosure process longer than it should be, homeowners who fall prey to pretender defenders are losing large sums of money.

Provident New York Bancorp has hired Luis Massiani to be its next chief financial officer.

The House Republican Steering Committee officially endorsed Rep. Jeb Hensarling for chair of the House Financial Services Committee.

The Federal Home Loan Bank of Chicago that launched the Mortgage Partnership Finance initiative 15 years ago has been recruiting other FHLBs to sign up for the secondary market program.