Origination

The combination of Dodd-Frank Act mortgage rules and the Basel III capital standards could perpetuate today’s tight credit conditions, according to a new study from conservative think tank American Action Forum.

If Congress allows the mortgage forgiveness debt relief provision in the tax code to expire on Jan. 1, distressed borrowers could get hit with a tax bill.

During his career in mortgage banking Jeffrey Lisinicchia has worked for Greenlight Financial Services, GMAC Mortgage and other firms.

Although EverBank had a good quarter, it also wrote down the asset value of its mortgage servicing rights.

Blueberry Systems said that its Relay loan origination software now integrates with DocMagic’s document preparation and compliance technology.

Residential Capital Corp. said it approved a $1.5 billion bid by insurance conglomerate Berkshire Hathaway to buy roughly 47,000 whole loans from the bankrupt mortgage company.

Mortgage lenders are to provide home loan applicants with copies of written appraisals and other home value estimates and ensure that consumers receive information prior to closing about how the property’s value was determined.

Freddie Mac acquired $39 billion of mortgages from its seller/servicers in September, a 5% decline from the month prior.

CoreLogic reported net income of $36.2 million for the third quarter.

For the nation’s second, third and fourth largest title insurers, the third quarter was very good and profitable.