Origination

The Consumer Financial Protection Bureau is forging ahead with its plan to release a single mortgage disclosure form by July 21, despite industry calls to slow down the process.

George L. Engelke Jr. has resigned as chairman of Astoria Financial, ending his long tenure with the Lake Success, N.Y., company that included a 22-year run as its chief executive officer.

The public relations department of JPMorgan Chase has finally made up its mind: the megabank will only engage in FHA Streamline refinancings on loans that it presently services.

The Consumer Financial Protection Bureau is coming under industry pressure to delay finalizing a merger of the RESPA/TILA mortgage disclosure forms until the qualified mortgage and qualified residential mortgage rules are finalized.

Taylor Capital Group is expanding its mortgage unit by hiring more than 60 retail mortgage professionals from Amera Mortgage.

Suzanne Hutchinson will retire at the end of the year from her post as executive vice president of the Mortgage Insurance Cos. of America.

Freddie Mac raised its estimate for 2012 originations to $1.45 trillion in its latest economic and housing market outlook, citing lower expected 30-year rates. Freddie previously had forecast that 2012 would end with a total of just $1.3 trillion in originations.

When I suggested yesterday that mortgage lenders might contemplate an origination ‘strike’ as a bargaining tool to kill overly zealous regulations the idea was to have banks and nonbanks alike participate in such an action of civil disobedience.

Technology vendor Mortgage Cadence expects to expand the reach of its origination software in the credit union sector with its pending acquisition of Prime Alliance Solutions.

The national delinquency rate continues to decline on a yearly basis with the latest figures from Lender Processing Services revealing a 9.6% drop in the amount of late mortgage payments from May 2011.