Origination

The Federal Housing Finance Agency's three-year effort to develop standardized loan data reporting requirements for newly originated Fannie Mae and Freddie Mac mortgages will finally go live this month.

One of the major contributors to the housing bubble and subsequent collapse of the market was overinflated prices. Now, believes one CEO, the opposite scenario exists.

Nearly three out of every four loan applications taken over the Mortgage Marvel on-loan shopping website last year were for refinancing.

The Federal Housing Administration is taking an extra step to make sure certain homeowners aren't locked out of a special refinancing program that President Obama unveiled on March 6.

Signaling their optimism about the state of the economy, many bankers are predicting that problem loans will moderate and consumer lending will perk up over the next six months, according to a new FICO survey released Tuesday.

The volume of refinance applications increased for the first time in six weeks, while purchase applications were at their highest point in nearly four months, leading to a 4.8% seasonally adjusted increase in overall application volume, according to the Mortgage Bankers Association.

Your prospect won't close themselves; as a salesperson you need to be prepared to close the transaction at every available opportunity. This might sound like Selling 101 but you would be amazed at how many times a salesperson will meet with a prospect and never attempts to close the sale. I decided to write about this because of two situations I encountered that supports my theory.

With the Consumer Financial Protection Bureau planning new rules on force-placed insurance in the coming year, at least one credit union servicer is taking proactive steps to try to make sure homeowners can afford coverage.

Mortgage industry and government officials may not want to hear this, but the resumption of a non-conforming mortgage market is a key factor in the normalizing of housing finance, and, by extension, the national economy.

A spokeswoman for Capital One, the owner of ING Direct, has confirmed that ING Mortgage has left the wholesale channel.