Origination

Two Marlboro, N.J. residents - an attorney and an investment broker - this week pleaded guilty to participating in a scheme to steal more than $2.6 million by filing fraudulent mortgage applications.

Radian Group, the nation's third largest mortgage insurer, posted a net loss of $122 million for the fourth quarter, an improvement from the $1.1 billion hit it took in the year ago period.

Marc Savitt is someone we call a "homer" - a fan who roots for the home team and in this case that home team happens to be mortgage brokers. Savitt, the former head of NAMB, has long believed that the brokerage sector would come back (at least to some degree) and that we would see a trend toward nonbank and depository loan officers switching over to broker status.

Even though the short sale market was slow to develop in 2011, there are many people within the mortgage industry that think 2012 could be the year of the short sale as delinquencies and foreclosures continue to be a major problem throughout the country.

I pay attention to tag lines! After the name of the company or the loan originator, a tag line is a phrase that "fills in the blanks" when it comes to providing a little more insight to what you do or what you have to offer your clients.

The Federal Housing Finance Agency wants to see if the multifamily businesses of Fannie Mae and Freddie Mac can be spun off and privatized.

Vendor ClosingCorp said Thursday it is making available a service that helps credit unions handle good faith estimate disclosures.

The new year started off with a bang in the Houston metropolitan area, where home sales were up for the eighth consecutive month in January.

The acting commissioner of the Federal Housing Administration this week blasted news reports that claim Bank of America Corp. was essentially bailing out the agency's mortgage insurance fund.

A pair of mortgage real estate investment trusts each priced their public offerings Wednesday morning - but at prices below their Tuesday night close.