Origination

David Zugheri, founder of Houston-based Envoy Mortgage explains how his company is taking advantage of MetLife’s exit from the mortgage industry.

David Zugheri, founder of Houston-based Envoy Mortgage discusses B of A’s exit from correspondent mortgage lending.

Washington's inability to come to grips with the nation's debt issues and other economic woes is costing jobs and holding back the economy, the president of the Mortgage Bankers Association charged in a speech Tuesday

A House Financial Services subcommittee is slated to mark up an FHA reform bill Tuesday that establishes a minimum annual mortgage insurance premium and extends the agency's indemnification requirements to all approved lenders.

Sometimes opening an appraisal report can feel like being on a bad 70s game show. Door #1 opens to reveal your prize and it's a car, not a coffee cup. Everything's great for two seconds. Then you learn that the car may have a problem that could render it worthless. Then again, it may not. What do you do? Cut your losses and choose Door #2, or invest more time and bank on Door #1?

The White House's restructuring of the U.S. auto industry appears to have worked - for now. If you saw yesterday's Super Bowl you witnessed an awe inspiring commercial from Chrysler featuring everyone's favorite 'punk' killer Harry Callahan, a.k.a. Walt Kowalski, a.k.a. Clint Eastwood.

In the current mortgage origination paradigm, detail is very important. Documentation and organization is what helps to get a loan file through the process. Bruce Salik of Prospect Mortgage states it is his organizational skills that help to set him apart from the competition.

Origination News is now collecting data for its annual survey of top loan producers, the results of which are scheduled to appear in the April issue.

The Obama Administration is not happy with HARP 2.0 program changes that the GSEs are implementing because it doesn't create enough competition between servicers to refinance borrowers with high LTV loans.

Driven by large increases in multifamily and industrial production, commercial loan originations rose 13% year-over-year in the fourth quarter of 2011, according to the Mortgage Bankers Association.