Origination

The Consumer Financial Protection Bureau and the Federal Trade Commission have sent out warning letters. If you got one, it's too late.

Navy Federal Credit Union said it funded $1 billion of residential loans in October, a record for the company.

The Consumer Financial Protection Bureau said it will issue warning letters to at least 12 mortgage banking and brokerage firms that it says broke federal law in advertising loan products to consumers.

Wheeler Real Estate Investment Trust Inc. has priced its initial public offering of over 3 million shares of common stock at $5.25 per share.

The median price of a home sold was $178,600 in October, up 11% from a year ago.

It looks like smooth sailing ahead for profitability in the jumbo space.

Fitch Ratings is keeping Genworth Life Insurance with a negative rating outlook in large part because of the “continuing, albeit lower” losses at its private mortgage insurance sister company. But it believes management will still provide capital to the troubled unit.

A thorough, complete, integrated quality control / risk management program consists of three components: pre-funding quality control/fraud prevention; post funding quality control; and quality control using a targeted sample.

An effective date for the Internal Revenue Service’s acceptance of electronic signatures on the 4506-T forms that used to check the integrity of borrowers’ submitted tax information has been set for Jan. 7.

However, the third-quarter production results are notable for one other reason: some table funders are showing a huge increase in business, while others are experiencing a sizeable decline.