Origination

BOFI Federal Bank, San Diego, is ready to kick off its new warehouse lending business, targeting correspondent lenders.

The Army Times' 2009 Soldier of the Year is now a homeowner, thanks to GMAC Mortgage.

A global settlement has been reached between Knauf Plasterboard Tianjin and thousands of homeowners who filed a lawsuit who claimed that the company’s tainted Chinese drywall product was used to construct their properties and severely damaged their homes.

Commercial real estate is expected to make a subtle rebound this year and some community bankers are gearing up for the return.

Despite a sluggish mortgage origination market, an energetic atmosphere surrounds technology advances in this sector of specialty home finance. “There’s never been a more robust selection of tech for originators,” said Jeff Taylor, president of Wendover Consulting.

A term being passed round lately about many lenders is sustainability. Businesses need to have a strategy in order to survive long-term. Looking back at a list of the top 30 originators from 2001 shows that 19 of those companies are no longer in business, either having shut their doors or merged with other entities.

Patrick Thesing has been named the chief compliance officer for Houston-based Stewart Information Services Corp.

The title insurance unit of First American Financial Corp. has agreed to acquire Hexter-Fair Title Co. in Dallas.

The National Association of Realtors said that it overestimated home sales by nearly 15% in 2010, an indication that the housing market is in even worse shape than many experts previously thought.

With major investors exiting the reverse mortgage space, originations of government-backed Home Equity Conversion Mortgages have dropped by 950 to 1,100 loans a month.