Origination

Political races bring on all sorts of silly comparisons so why not take a stab at asking this: who would produce a more profitable mortgage banking company: President Obama or Mitt Romney?

The National Association of Realtors reported that sales of existing homes rose 3.4% in April to a seasonally adjusted annual rate of 4.62 million units.

Changing market dynamics are putting more stress and constraints on commercial real estate servicing, causing processors to reevaluate their business models and strategies, according to a panel at the Mortgage Bankers Association commercial mortgage servicing and technology show this week in Dallas.

In baseball, there are the written rules and the unwritten rules on how to play the game. Many of these unwritten rules are things you don't do on the field, in other words they make up a code of behavior.

The chief economist for the National Multi Housing Council said the strength of the recovery of the multifamily portion of the commercial real estate market has attracted both debt and equity capital to finance these properties.

Declines in the mortgage delinquency rates on all one-to-four unit residential loans outstanding during the first quarter add another layer of affirmation to previous data that suggest some level of market stabilization.

Residential Capital Corp. last week began mailing out letters to its 2.5 million mortgage customers informing them of the firm’s bankruptcy filing but also cautioning them about keeping their loans current.

A top reason why borrowers continue to be intimidated by the prospect of facing their lender-servicers is fear they will be taken advantage of.

Clinton Group Inc., an investment manager which says it is one of the largest shareholders in Radian Group Inc., is calling on the Philadelphia-based private mortgage insurer to put itself up for sale.

Documenting and verifying a borrower’s income is one of the most basic tasks for an underwriter. While this appears to be relatively simple, validating income has become increasingly complex and susceptible to borrower fraud.