Origination

By now you’ve read the stories on the National Mortgage News website about private equity sniffing around the mortgage industry the past two years – and the chatter about some firm with $1 billion to spend. We don’t yet know the name of that fund but it’s interesting gossip nonetheless.

Fidelity National Financial saw a 30% increase in business as new residential title orders in the second quarter totaled 667,500 versus 514,000 in 2Q11.

CoreLogic earned $41 million off revenue of $389 million during the second quarter of 2012—new records for the company which was spun off from the First American Corp. in June 2010.

The Consumer Financial Protection Bureau is working on a qualified mortgage rule that will allow the mortgage market to meet the needs of borrowers “throughout the credit cycle,” agency chief Richard Cordray said in new testimony Tuesday morning.

Wells Fargo, the country’s largest wholesaler, joins JPMorgan Chase in jettisoning wholesale.

The Federal Housing Finance Agency has hired a consulting firm to create contingency plans for taking Fannie Mae, Freddie Mac and the Federal Home Loan Bank system into receivership.

Marketing campaign return on investment can be measured by tangibles or intangibles.

Monday marked the implementation deadline for the Uniform Loan Delivery Dataset, the new loan-level mortgage information file format developed by Fannie Mae and Freddie Mac for all loans sold to the government-sponsored enterprises.

The Consumer Financial Protection Bureau wants to level the playing field so that all mortgage loan officers, whether they work at a bank or a mortgage brokerage, undergo similar training and meet the same standards for character, fitness and financial responsibility.

Forecasters expect Wednesday’s new-home sales report will show June sales rose by barely 1% after a 7.6% jump in May.