Origination

When devising a mobile strategy, firms should pay close attention to three strategies that will help their mobile development succeed.

New technology and approaches are making automated valuation models more accurate.

The stock market roared Wednesday and the yield on the benchmark 10-year Treasury jumped to 1.67% in afternoon trading, thanks to better economic news out of Europe.

Appraisal management is still not perfect but it continues to improve, and it has come a long way from where it was just a few years ago, according to Judy Wheatley, a senior vice president at Indecomm.

Although loan originations are booming at Caliber Funding, the lender recently gave walking papers to a regional production manager and a division manager.

Two weeks ago, when industry officials met with the Consumer Financial Protection Bureau to discuss the agency’s proposals to reengineer how loan officers and brokers can make a living, it was a nightmare – a nightmare in the sense that few in attendance thought the agency understood the issues at hand.

Navy Federal Credit Union unveiled two new ARM products: a 3/5 and 5/5 conforming (or jumbo) loan with start rates as low as 2.875% (2.943% APR).

Applications to refinance returned to highs last seen in February as a new round of record-low contract rates helped drive new business upward by 1.3% on a seasonally adjusted basis for the week ending June 1.

City councils in New York, Los Angeles and Pittsburgh have passed ordinances this year requiring banks that hold city government deposits to provide detailed accounts of their lending practices in low-income communities.

The Consumer Financial Protection Bureau is giving the 17 or so participants in its “small business” review panel five additional days to offer comments on the agency’s mortgage banking compensation proposals.