Origination

The FHA has embarked on a desperate attempt to raise capital through settlements with major banks, sales of severely delinquent loans and higher insurance premiums on new borrowers.

Two California business partners were sentenced last week to serve prison terms for operating a mortgage fraud scheme in 2006 to 2007.

Yes, the Wisconsin Republican opposed Dodd-Frank and supports the limited government that many bankers crave. But he'll also help harden the views of an electorate that's already leaning Obama's way.

Pacific Mercantile Bancorp, Costa Mesa, Calif., will exit the wholesale mortgage business.

Impac Mortgage Holdings, Irvine, Calif., expects to post a profit when it reports second quarter earnings on Wednesday, and continues to expand its lending and servicing operations, the company said in a recent SEC filing.

A trio of sales trainers speaking at the California Association of Mortgage Professionals conference provided useful hints for mortgage originators to adopt.

With the announcement of six new towers to be built in Hollywood, the number of high-rise condominium buildings now planned for South Florida now totals 56, according to the latest count by CondoVultues.

A General Services Administration website that FHA lenders must check before approving loans crashed Monday and has been down most of the week, delaying mortgage closings, National Mortgage News has learned.

Consumer advocates and financial services industry officials clashed Thursday over whether banks and insurers are getting paid fairly in the force-placed insurance market.

Lenders of all sizes are looking into becoming servicers, bringing us full circle back to the days when virtually every lender serviced their own loans.