Origination

With all the attention to the new appraisal independence requirements in Section 129E of the federal Truth in Lending Act (TILA) that became effective in April of 2011, it can be easy to forget that more Dodd-Frank-based appraisal regulations are coming.

The latest round of never-before-seen lows in long-term mortgage rates and rate-indicative Treasury yields is bumping single-family residential loan volumes up another notch.

Capacity constraints in the mortgage banking industry have been holding down prepayment speeds despite the pickup in HARP refinancings in the first quarter.

Wil Armstrong, CEO of Blueberry Systems and chairman of Cherry Creek Mortgage, discusses how origination technology can help lenders' retained servicing strategies.

Are the instructive lessons of the past sufficiently integrated into current industry business models and strategic planning?

Orrstown Financial Services has been hit with a lawsuit alleging that it misled investors about its financial strength during its March 2010 stock offering.

The final wholesale tally is in for 2011and the nation’s top ranked wholesalers – in terms of volume – were: Provident Funding Associates ($19.8 billion), Wells Fargo ($18.1 billion), U.S. Bank Home Mortgage ($7.3 billion), MetLife Home Loans ($6.6 billion), and Fifth Third Mortgage ($6.1 billion).

Credit unions are working to protect their net interest margins without adding undue interest rate risk and CFOs expect their attention in the second half of the year will remain on squeezing what they can from investment portfolios.

Fitch Ratings and Kroll Bond Ratings will rate the $1.1 billion CMBS conduit deal backed by 61 fixed-rate commercial mortgage loans that are secured by 80 properties.

The Supreme Court in Freeman v. Quicken Loans No. 10-1042 ruled that federal regulators cannot use RESPA as a price-setting statute to stop lenders and other settlement service providers from charging excessive fees or even “unearned” or bogus fees for which no service is provided.