Origination

National Mortgage News has won a Native American Journalists Association award for an editorial that took the administration and Congress to task for seesawing widely on the amount of money granted to tribes to support housing.

A loan officer for a Florida mortgage company was sentenced to more than four years in prison for pleading guilty to committing wire fraud in a $9.2 million mortgage fraud scam.

OK, one borrower wrote his lender he couldn't make his mortgage paymentbecause he'd been bitten by a spider. That can happen to anyone, right? But he didn't make his payment the second or third month, either.

Community bankers are looking longingly at construction loans’ relatively generous returns. What they are not seeing are the higher risk weightings that may soon go along with such assets.

The Federal Home Loan Bank of Boston is teaming up bank employees with student volunteers from Bike & Build, a nonprofit organization whose mission is to construct affordable housing across the nation through cross-country bicycle trips that benefit affordable housing developers.

It happens nearly every day in retail mortgage sales operations—a loan officer, underwriter, processor, closer and/or assistant gets what they feel is "the phone call from the customer from hell."

The Senate is slated to take up and debate a National Flood Insurance Program bill that extends the program for five years.

The Census Bureau reported that sales of newly built single-family homes rose to a 369,000 seasonally adjusted annual rate in May from a 343,000 rate in April.

Old Republic International Corp. said it has withdrawn the spinoff of its mortgage insurance and consumer credit indemnity businesses into a separately traded company called Republic Financial Indemnity Group.

Supporters of the Consumer Financial Protection Bureau are dismissing a new lawsuit that seeks to abolish the agency as a political stunt, and even bank industry insiders who would like the case to succeed are privately calling it an uphill battle.