Origination

Most mortgages are being denied because of collateral-related issues and debt-to-income requirements.

Solera National Bank is starting its own residential mortgage division.

Chase reached out to Quicken regarding the source code of its origination software.

MVB Bank has agreed to purchase Potomac Mortgage Group for $19 million in cash and stock.

Freddie Mac has announced its last new offering of multifamily structured pass through “K” certificates for the year, a $1.1 billion deal set to price this week.

Don't be fooled. The QRM rule is not dead, though it is hibernating.

However, the American Bankers Association, Consumer Mortgage Coalition, Independent Community Bankers of America, Mortgage Bankers Association and the Housing Policy Council of the Financial Services Roundtable have “several concerns” about Phase 2 of the MBS proposal.

Though 81% of consumers expressed satisfaction with banks on the mortgage process, 56% blame slow execution as among the most irksome aspects of the process.

The new Redwood Trust notes offer investors a yield of 5.6% and mature in six years.

A significant number of consumers said they would consider getting their next loan from a nontraditional source.