Origination

In a new letter to HUD secretary Shaun Donovan, 69 members of Congress ask the agency to ease underwriting standards on condominium loans financed by the Federal Housing Administration.

ISGN’s new CEO took the reins of the mortgage technology and outsourcing provider Monday, marking the first time that the international corporation’s chief executive will be based in the U.S.

Abhinav Asthana of Wipro Gallagher Solutions details the company's new mobile LOS app.

Bank of America agreed to pay up to $161,180 to settle allegations that one of the bank’s branches refused to refinance the mortgage of a California woman because she was on maternity leave.

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.