Origination

As part of its June national housing survey, Fannie Mae found that 35% of consumers expect home values to increase over the coming 12 months.

FHA lenders originated $78.2 billion of purchase mortgages during the first eight months of the current fiscal year, down from $86.3 billion during the same period in FY 2011.

Radian is benefiting from the changing competitive environment in private mortgage insurance as two of its competitors went into run-off in the third quarter last year.

In judicial states, 6.5% of all mortgage loans are in some stage of foreclosure, compared to only 2.5% in states that don’t use the courts to conduct a foreclosure.

Finding qualified loan officers isn’t the problem—it’s finding LOs who can get licensed so they can work for a broker.

Late last week National Mortgages News reported that although mortgage employment was essentially flat in May, that loan brokerage firms have been hiring. But as we report today, a big stumbling block to richer brokerage hiring remains: finding LOs who are licensed and “ready to go.”

Todd Bettin was sentenced to over four years in prison for conspiracy to commit wire fraud in connection with a five-year scheme to divert mortgage payoff funds from clients’ who were closing on 17 Maryland properties.

THIS JUST IN: Is a new subprime lender about to emerge? I know of one industry veteran who hopes to secure financing to originate nonprime low LTV mortgages.

I really don’t see a problem with books in general; however, books that offer sales training and/or guidance are usually too long and complicated, too short, to be effective.

For Richard Weiner, remaining a leading producer at Envoy Mortgage means having to do just as much, if not more, as getting there.