Origination

Are businessmen of all different stripes, including lenders, holding back on hiring?

Correspondent banking remains a tricky and risky business, but a growing number of bankers believe it can be lucrative.

Uncertainty surrounding the economy, the election and other concerns are keeping some potential borrowers on the sidelines, including homebuyers.

Fannie Mae and Freddie Mac Tuesday morning unveiled new representation and warranty policies that relieve seller/servicers of any repurchase risk if the borrowers make 36 months of consecutive on-time payments.

Fannie Mae and Freddie Mac—under the auspices of FHFA—are issuing to their seller/servicers relief from onerous representation and warranty clauses on loans they purchase with particular emphasis on mortgages that are current for at least 36 months.

Senate Democrats are trying to revive a mortgage refinancing bill—for Fannie Mae and Freddie Mac borrowers—by reintroducing a slimmed-down version of the measure.

After hitting rock bottom in the real estate bust, commercial mortgage-backed securities financing is making a comeback.

Cashmere Valley is turning to outsourcing to help make sense of the complicated legislation that after two years is still developing as provisions get delayed, clarified or rewritten. For banks with assets of less than $10 billion, it's not even clear which parts of the law apply.

3Rivers Federal Credit Union in Fort Wayne, Ind. will use the Web-based end-to-end loan origination system developed by LendingQB.

Fitch, Kroll and Moody’s Investors Service have issued presale reports on the latest transaction from the only consistent issuer of private-label mortgage-backed securities deals since the downturn.