Origination

The correspondent lending division of GMAC Bank on Friday told its mortgage banking clients that it will "significantly" curtail government lending tied to FHA, VA and USDA, according to a memo provided to National Mortgage News.

Wells Fargo & Co. rolled out its HARP 2.0 program in the middle of the first quarter and GSE refinancings are just now starting to roll in, company executives said Friday morning.

Commercial mortgage banker Walker & Dunlop, Bethesda, Md., has hired three new producers in its capital markets group.

One of the easiest ways to get my attention is to follow me on Twitter and shoot me a message. I'm @mortgagenewz.

The headline sounds crazy. Loan brokers are on their backs, right? Well, not necessarily. If you've been reading the coverage in National Mortgage News and Origination News you know that wholesale (broker) lending as a percentage of the overall business has been rising - not by much but at least it's going in a positive direction (11% market share at last check.)

Mortgage Technology is pleased to begin accepting nominations for the 2012 Top 50 Service Providers.

Wells Fargo & Co. reported strong earnings from its mortgage banking operation in the first quarter with residential originations more than doubling from a year ago and non-interest income climbing 42%.

Fair Isaac's (FICO) new chief executive is starting in defense mode, as the credit-score giant looks to regain the reputation and business it has lost in the wake of the financial crisis.

PennyMac Mortgage Investment Trust has a struck a new master repurchase facility with Credit Suisse First Boston that will help the REIT fund its correspondent mortgage business.

JPMorgan Chase reported strong mortgage results for the first quarter, noting that residential applications rose 33% from the year ago period with chairman and CEO Jamie Dimon declaring that housing is "very close" to a bottom.