Origination

Researchers at Andrew Davidson & Co. found that by some measures “affordability” has not risen since the housing bubble burst, but rather remained about the same.

It hasn’t been a good week for the loan brokerage community. On Monday Raj Date, the number two man at the CFPB, in a speech to the American Bankers Association blamed mortgage brokers (more or less) for the housing bust.

Thanks to rock bottom interest rates new mortgage applications spiked by 18% for the week ending June 8 on a sequential basis.

Wells Fargo & Co., the nation's largest home lender and issuer/servicer of GNMA loans, is telling its correspondents and brokers that it will only participate in the FHA's new "Streamline" refi program on loans its services.

More than 1.3 million people received assistance from a foreclosure mitigation counseling program.

Paramount Residential Mortgage hired former Caliber Funding official Dave Pilotte as its new wholesale manager in charge of the Inland Valley area and Southern California.

In a speech before the American Bankers Association Monday Consumer Financial Protection Bureau deputy director Raj Date slammed loan brokers for causing the mortgage crisis, raising the ire of at least one loan broker trade group, the National Association of Independent Housing Professionals, which is calling for his resignation.

Last time I wrote about some of the better marketing I saw in the past few weeks as I continue to recover from a leg infection. Unfortunately not all advertising I came across was as strong.

Commercial and multifamily real estate loan balances increased by $8.1 billion in the first quarter compared with the end of last year.

Discover Financial Services has finally closed on its purchase of LendingTree Loans, also known as Home Loan Center, from Tree.com for a total purchase price of $46 million.