Origination

If you’re a flaming liberal in Congress you view the Ed DeMarco-principal-reduction controversy as follows: Fire that Republican now!

Mortgage refinancings once again drove banks' profits last quarter and, with interest rates at record lows, most industry experts expect the trend to continue at least through the end of the year.

The mortgage disclosure proposal is intended to simplify the disclosure process by combining overlapping requirements in the Truth in Lending Act and Real Estate Settlement Procedures Act.

Streamline refinancing applications have more than doubled since the Federal Housing Administration opened a special program on June 11 for existing FHA borrowers who had not refinanced since May 2009.

Electronically signed 4506-T forms will mean that lenders will be able to verify the borrower’s income in as little as a few minutes.

Radian and most mortgage insurers consider HAMP transactions a modification of existing coverage and do not include it in new policies written.

From 2007 to 2011, more than 1.5 million older Americans lost their homes as a result of the mortgage crisis.

Mitsubishi Corp. will start originating CMBS in the U.S. through a joint venture with Five Mile Capital Partners.

The loan limit on VA-guaranteed loans is slated to move up to $729,750 again, staying there for two years now that House of Representatives has passed a Veterans benefits bill.

According to figures compiled by the Mortgage Bankers Association, refi applications accounted for 81% of all new business for the week ending July 27.