Origination

The hurricane will slow secondary market access as lenders wrap up their last mortgage deals of the month.

CoreLogic estimates that nearly 284,000 Mid-Atlantic homes valued at roughly $87 billion are at risk of property damage from Hurricane Sandy based on its projected path.

The Consumer Financial Protection Bureau is slated to issue final rules in January that define a qualified mortgage, establish new standards for servicers, and merge the RESPA and TILA disclosures.

Hurricane Sandy, which is bearing down on the Mid-Atlantic all the way up to New England, is expected to delay thousands of mortgage closings on Monday and Tuesday at the very least, according to industry officials.

More depositories -- especially community banks -- are opting to sell their 10- and 15-year mortgages rather than keeping them in portfolio.

In fiscal year 2012 mortgage bankers funded $119 billion of VA-backed loans, up from $75 billion in FY 2011.

Regulatory guidance that requires banks to write down the value of mortgages to collateral value in cases where the borrower has been through bankruptcy was a factor in the TCF's earnings.

It appears that Bank of America is cranking up the MSR selling machine. Big time.

Tight might be the most overused word in today’s mortgage business. Originators, already facing restrictive underwriting criteria, are reportedly facing even more restrictive guidelines in anticipation of new regulatory definitions.

The fourth step in the MDMP decisioning model.