Origination

The Treasury Department’s announcement Friday that it was restructuring its ongoing bailout of Fannie Mae and Freddie Mac caught most observers off guard.

Because of the stabilization in house prices, neither government-sponsored enterprise has had to borrow significant money from the Treasury since the beginning of the year, leaving the total tab for their bailout at around $190 billion.

Given the pace and complexity of changes impacting the mortgage industry, getting it right the first time can be quite a challenge.

Redfin said that without more people willing to sell, inventory will not increase and therefore sales volume cannot meaningfully improve.

This product helps lenders meet Fannie Mae’s Loan Quality Initiative recommendations and check borrower credit activity during the processing of a mortgage.

Homebuyer counseling now is centered on the servicing end of the business, rather than the originations side.

Glen Ward promised to delay foreclosures for distressed homeowners as long as they could pay him $700 a month.

When faced with a regulatory change that impacts business operations, there are two ways to view the challenge: as a crisis or as an opportunity.

Michael Alexander is able to combine a high level of personal customer service with low fees to keep his clients satisfied and coming back.

On Monday, National Mortgage News will publish a story in its paper edition (yes, paper) that says the Federal Housing Finance Agency is working on language that will make GSE loans bullet proof from buybacks if they’ve been current for 36 months.