Origination

The more portfolio-friendly nature of jumbo loans and recent delays in key secondary market regulations are key hurdles holding back the long-awaited return of this secondary market, which is making some strides in other areas.

Some industry officials are urging the Consumer Financial Protection Bureau to use its ‘exemption authority’ to exclude Fannie Mae, Freddie Mac, and FHA loans from its LO compensation proposals.

The next step needed to improve the integrity of values in appraisal management is a set of scores for not only the valuations themselves, but also appraisers and specific areas.

The question most people seem to be asking is whether the flat origination fee proposal is going to become law. While I do not have a crystal ball, here is my take on it: The CFPB's policy positions it will certainly err in favor of certain consumer groups over the industry, but won't do so when there is little to gain.

Bank of America will lay off 675 employees in Florida as part of the bank's broader plan to reduce its head count.

ViewPoint Bank in Plano, Texas, is selling its home lending unit to a Dallas-based nonbank lender as part of its continued shift from a thrift to a commercial bank.

A debtor in bankruptcy proposes a Chapter 13 plan to strip a second mortgage as unsecured and is found to be still in good faith, the CFPB proposes rules that could make life more difficult for lenders and originators, five states loom large in foreclosures, two foreclosure-related bills move forward in California, and various types of mortgage-related fraud allegations in different areas continue to move through the court system.

The question most people seem to be asking is whether the flat origination fee proposal is going to become law. While I do not have a crystal ball, here is my take on it: The CFPB will certainly err in favor of certain consumer groups over the industry, but won't do so when there is little to gain.

It’s spring and mortgage rates have tanked once again, spurring loan applications to spiral upward.

Ellie Mae registered a $60 million primary offering and a secondary offering of 1 million shares of common stock, a move that precedes a potential prospectus filing by the Pleasanton, Calif.-based mortgage technology vendor.