Origination

First things first: Yes, I can live on $500,000. Heck, I can live on $250,000 a year. Would I like to run Fannie Mae, the government-controlled mortgage giant? Answer: Sure, why not? But first I have a few stipulations.

The Obama administration has opened the door for nearly 1 million existing FHA borrowers to refinance by encouraging lenders to originate more 'streamline' refinancings. But will it happen?

Refinancing to modify a mortgage loan has proven to be the best solution for some borrowers, even though the list of mortgage loan options available shrunk significantly during the past few years to the point that makes some worry creativity is almost impossible, or simply dead.

The Wilbur Ross controlled American Home Mortgage Servicing Inc., Coppell, Texas, has a new name: Homeward Residential to go along with its master plan to become a full service mortgage banking firm.

The House and Senate on Friday passed a $150 billion bill that extends a payroll tax reduction and unemployment benefits for 10 months without increasing guarantee fees on Fannie Mae and Freddie Mac loans.

The mortgage division of D.R. Horton recently fell victim to a cyber security attack, potentially compromising sensitive borrower data, the Fort Worth, Texas-based homebuilder disclosed late Thursday.

Two private equity investors have agreed to buy TransUnion Corp. Advent International and GS Capital Partners VI Fund LP will buy the credit bureau from its current stockholders, including Madison Dearborn Partners and the Pritzker family business interests.

So your underwriter wants to work from home? Beyond the concerns most employers would typically have, financial services firms must carefully consider the security of private customer financial data before deciding whether, how and which employees can work remotely.

Aurora Loan Services, Denver, recently halted residential production as the company continues to weigh bids on its servicing platform, according to a former ALS official and industry consultants.

Capital One Financial Corp. agreed as part of its purchase of ING Direct USA to originate loans insured by the Federal Housing Administration to borrowers with low credit scores. But five months after giving verbal assurances to the Federal Reserve and consumer groups that it would accept FHA applications with minimum FICO scores of 580, Capital One still is not originating such loans.