Origination

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.

CoreLogic will implement a series of changes to its board, including the addition of three independent directors and the announced resignation of board chairman D. Van Skilling.

The National Association of Independent Housing Professionals, in a new comment letter to the CFPB asks the agency to exclude all Fannie Mae, Freddie Mac and government mortgages from coverage under proposals that could radically alter how loan officers earn their pay.

According to new reports, both Berkshire Hathaway, the holding company controlled by Warren Buffett, and Ocwen Financial have expressed interest in buying the nation’s fifth largest servicer.

Not too many life and homeowners insurance firms are foregoing rate increases and rebating money to their insured.

Mortgage default risk is adjusting to precrisis levels. Almost.

The UFA Default Risk Index for the second quarter of 2012 increased slightly to 120 from last quarter’s revised 119 that was based on the UFA baseline macro scenario.