Origination

Fannie Mae and Freddie Mac are now cash cows. But where will that money ultimately wind up?

Fannie Mae and Freddie Mac are turning into cash machines. But who will get that cash?

A strong sign that the housing market is improving was seen just looking at the attendance figures from the Mortgage Bankers Association’s annual convention in Chicago.

The average for fixed-rate mortgages dropped to new record lows during the week ending Nov. 15.

Overall, consumers gave the industry an average score of 761 (on a 1,000-point scale) in 2012, up from 747 in 2011.

Origination volumes declined 7% from a year earlier and 17% from the second quarter.

A day encouraging people to recycle and cut down on clutter.

The American Bankers Association has lined up Stonegate Mortgage Corp. to serve as a secondary market investor for its mortgage cooperative, Community Bank Mortgage.

“I think it’s reasonable to expect that premiums will rise,” said one Washington-based consultant close to the issue.

Loan officers with strong ties to Realtors and builders will be in demand.