Origination

The appraisal independence requirements within the Dodd-Frank Act go a long way to shedding more light onto an issue that needs to be solved, but it doesn’t go quite far enough.

This article is the first of a series of articles on how you can develop a warrior mindset to overcome obstacles and challenges in your business. And it all begins with your mindsets, or your habits of thinking.

The Mortgage Bankers Association reported that the average profit per loan originated in the first quarter was $1,654, up from $1,093 in the fourth quarter.

The stock market soared upwards on Friday morning and that rising tide also brought up many stocks associated with the mortgage industry.

The members of the Mortgage Insurance Cos. of America wrote $8.7 billion in primary new insurance during May, compared with $7.1 billion in April and $3.9 billion for May 2011.

CitiMortgage has introduced a reduced mortgage payment program for qualifying servicemembers who have to permanently relocate and need immediate financial relief.

The cities of San Bernardino, Ontario and Fontana have passed resolutions to purchase the underwater loans of city residents and Mortgage Resolution Partners will refinance the loans.

The FHFA said that half of all borrowers who received loan modifications in the first quarter had their monthly payments reduced by over 30%, and one-third included principal forbearance.

While other major developments have gone to seed during the housing recession, Stapleton, Colo., has flourished as the new town is on track to record its third best sales year ever in 2012.

The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks.