Origination

Loans included in commercial mortgage-backed securities had an 8.85% delinquency rate at the end of March, compared to 8.56% at yearend.

Applications for FHA-insured mortgages dropped by nearly 25% in April as the Federal Housing Administration implemented a premium hike announced in early March.

Stonegate Mortgage, which currently controls $2 billion of mortgage servicing rights, hopes to almost double that amount by yearend.

Some mortgage bankers are hoping for a Romney White House with the first order of business being the death of the Consumer Financial Protection Bureau. Of course, even if Romney wins that doesn’t mean he will be able to jam a bill to kill the agency quickly through the House and Senate.

If you are uncertain on the future of your LOS and vendor partners and feel like you are navigating a landscape that you can barely recognize, you are not alone. The good news is that you have options.

Home prices—including distressed sales—increased in April for the second consecutive month (by 2.2%), the first time this has happened in almost two years.

The Government National Mortgage Association approved 35 issuer licenses last year and hopes to approve about the same this year.

Regulators issued guidance Monday on how they plan to coordinate supervision of banks and credit unions with more than $10 billion in assets.

There are basically three things a salesperson must accomplish. First, the salesperson needs to find someone interested in his/her product or service. Next, the salesperson must convince the prospect/client to allow him/her to satisfy that interest and need. Last, but by no means least, the salesperson has to ensure that the transaction closes and funds. This third part to the equation is usually a good predictor of long-term success.

Marion Sandler, the co-chief executive at Golden West Financial in Oakland, Calif., for more than four decades, has died at the age of 81.