Origination

A federal small business advocacy office is urging the Consumer Financial Protection Bureau to reconsider a proposal that would change the way finance charges are calculated under the Truth in Lending Act.

Guaranteed Rate said it has struck a strategic alliance with Manhattan Mortgage Co., one of the largest residential loan brokerage firms in the New York area.

With the low interest rate environment that still applies (for now), some people have questioned the need for housing finance agencies.

The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to increase their loan guarantee fees by an average of 10 basis points starting Nov. 1.

Let it be said as Labor Day approaches: Without Uncle Sam there would be NO mortgage market. None. Zippo

Springleaf Financial said it has “adequate liquidity” to survive over the next 12 months, and is seeing smaller losses on its business.

If Republicans win big this fall they will try to chip away at what they see as the worst parts of the Dodd-Frank Act, but loan officer compensation may go untouched.

Outstanding mortgage debt in the U.S.—mortgage servicing rights—has been falling steadily in the wake of the nation’s housing crisis. But the decline has now officially ended.

Fannie Mae acquired $77.1 billion of product from its seller/servicers in July, almost double what it took in a year ago.

The new platform of the Republican Party calls for downsizing the Federal Housing Administration mortgage insurance program and winding down the “size and scope” of Fannie Mae and Freddie Mac’s secondary market activities.