Origination

NMN won a silver ASPBE award for the editorials “Big Difference, Depending On Which Loan” and “Unfunded Applications at $1 Trillion,” which appeared on Nov. 7 and Nov. 28, 2011.

GSE lenders and servicers refinanced more high LTV Fannie Mae and Freddie Mac loans during the first five months of this year than they did all of last year.

In reaction to the mortgage industry’s woes, and in some cases in spite of them, technology has marched on giving us new tools, techniques, and tactics that enhance our ability to be vigilant.

For those of you who doubted my thoughts on mortgage deconsolidation, I forgive you. But it had to happen—deconsolidation, that is.

Mortgage brokers and bankers have been waiting anxiously for the Consumer Financial Protection Bureau to issue its loan officer compensation rule. This is the rule where the agency convened a ‘Small Business’ panel in the spring to weigh in on compensation and lender education issues. Needless to say, few in the industry came away happy with what was told to them by the agency.

Sometimes, your prospect is more interested in accepting your sales opportunity than you are in making the sale.

Competition is heating up in the mortgage market as more lenders increase their production capacity, according to the chief financial officer of Fifth Third Bancorp.

Tom Wind, the executive VP of residential and consumer lending at EverBank and an industry veteran whose mortgage banking experience goes back over 20 years, believes the jumbo loan market is in growth mode. Overall housing market improvements and loan limit changes have opened the door to more growth, he said. “The jumbo business out there is starting to rebuild.

Most lenders have either developed an anti-money laundering policy or are in the process of doing so. What many have not thought about are some of the practical implications of AML compliance as it pertains to the actual business of selling loans to investors.

SunTrust Banks reported mortgage production income of $103 million for the second quarter, compared with $63 million in 1Q12 and a mere $4 million in 2Q11.