Origination

Kinecta Federal Credit Union, Manhattan Beach, Calif., has opened a new mortgage loan center in Mission Valley, following the opening of another center in Rancho Penasquitos in December.

According to figures released Tuesday morning, home values are still in the tank, with three key S&P price indices sinking in the fourth quarter to their lowest level since the housing crisis began seven years ago.

Pictures and quotes from a roundtable discussion held at the 2011 Western Regional Conference of the National Association of Mortgage Brokers

The new president and chief executive of United Guaranty Corp. said the private mortgage insurance business will "kick it up a notch" as it goes along its contrarian path of risk-based pricing.

The deadline is this Friday, March 2, for entering your data into Origination News' annual survey of top loan producers, the results of which are scheduled to appear in the April issue.

No lender or servicer wants to keep a portfolio of REO or short sale properties. For starters, they're not in the business of managing properties. Each day an REO or short sale property isn't sold is a day of upkeep and lost interest payments.

The Federal Housing Administration is following through with its pledge to increase upfront and annual insurance premiums on its forward single-family business.

Redwood Trust - the nation's only active securitizer of jumbo MBS - posted a $3 million loss in the fourth quarter, compared to a profit of $15 million in the year ago period, but is promising to plough ahead in the PLS market.

The New England Mortgage Expo took place on January 13, 2012 at the MGM Grand at Foxwoods, in Connecticut. Frank Abagnale of the movie "Catch Me If You Can" was there.

Tree.com lost $1.1 million in the fourth quarter, after experiencing reduced revenue from its lead generation business. It also took a $5.6 million impairment charge on intangible assets.