Origination

Two years ago some top ranked LOs were accepting jobs at depositories because they felt secure in working for a lender that had a future. But new LO compensation rules turned out to be more benign than many thought.

As of late last year Fannie Mae and Freddie Mac had placed more than 300 high-risk counterparties on watch lists and stopped doing business with more than 40 of them.

State governments in California, New York and New Jersey are consolidating the entity that regulates their mortgage originators into other departments.

There’s growing evidence that the second lien market is beginning to gain traction. But don't look for any 80-10-10 products quite yet.

Banks are starting to lend money to homebuilders again, a sign that the recovery in the housing continues.

In a new letter to the Federal Reserve, the National Association of Realtors declares that underwriting standards remain too tight and the Fed should use its influence to ensure that new mortgage regulations do not further inhibit access to credit.

The Mortgage Bankers Association hired industry veteran Pete Mills as its new senior vice president of residential policy and member services, effective Oct. 1.

The proposed integrated Real Estate Settlement Procedures Act/Truth in Lending Act form, which the Consumer Financial Protection Bureau calls the “Loan Estimate,” is designed to help borrowers shop for the best deal.

Altisource Portfolio Solutions has replaced its GoHoming online real estate marketplace with Hubzu.com.

In a business where building your personal brand is equally as important as building a company brand, David Pressel has been able to do both.