Origination

Loan officers will have some unpleasant news for their customers in 2012: the cost to obtain a new government-backed mortgage will be rising.

The combined value of loans in CMBS pools hardly budged from October to November, according to data released last week from DebtX. Based on loans that the advisory firm prices, the figure at the end of November was 85.2%, from 85.3% on Oct. 31.

VantageScore Solutions has published a series of three educational white papers aimed at clarifying various questions consumers and market participants have about credit scores.

Average daily volume in the CMBS market in December is down versus November, according to data reported by the Financial Industry Regulatory Authority's Trade Reporting and Compliance Engine or TRACE.

With most of your loan production now in the books for 2011, you have a pretty good idea what you will earn this year. If your income exceeds $100,000, congratulations - you'll make more than 90% of all working Americans. If you take home over $200,000, you are in the top 5% of all wage earners nationwide.

Most thrift holding companies will get a two-year phase in period for following Federal Reserve Board reporting requirements while others will initially be exempted, the central bank said Friday.

The Chickasaw Nation of Oklahoma’s tribal mortgage program has passed $100 million in originations through more than 1,000 loans, a number unthinkable even a dozen years ago.

Ally Financial revealed during an earnings call last month that it was trimming its correspondent lending unit while laying off an untold number of workers to manage mortgage risk that has damaged its financials.

Happy holidays to everybody. In looking for some words of wisdom I could pass along to everyone about how to make their 2012 a success, I came across an article written by Canadian business consultant Andrew Miller.

House prices fell 1.2% in October after falling 0.7% in September according to new figures released by Standard & Poor's Tuesday morning.