Origination

Maybe they ought to change the name of television show “Hot in Cleveland” to “Hot in Miami.”

The Mortgage Bankers Association has formed a select committee to find a replacement to departing president David Stevens with 15 candidates being thrown into the pool.

Is 68 years young the time to re-enter the wild and wooly world of mortgage banking? Answer: It is, if your name is Bill Starkey Sr. and you feel the current “down market” offers so much opportunity that it can’t be ignored.

The Census Bureau said the number of housing units in the U.S. increased a scant 0.36% last year to 132.3 million.

Real Estate Mortgage Network Inc. has launched a correspondent lending division to be operated out of its wholesale fulfillment center.

The one company to consistently aggregate jumbo loans for securitizations since the downturn has received an originator assessment from Moody’s Investors Service that finds it is “above average.”

Costco has started to offer mortgages through approved lenders and heavily marketing the program to its 68 million members.

Average fixed mortgage rates reversed course and inched up in Freddie Mac’s weekly survey, ending a run of record lows in recent weeks.

Three attorneys and a former attorney pleaded guilty in Manhattan federal court for conspiring to commit wire and bank fraud in connection with a $66 million mortgage fraud scheme.

If CFPB is successful in killing nonbank brokers who’s to say the agency won’t go after nonbank servicers next? That would mean all those REITs buying MSRs might be in danger.