Origination

Supreme Lending, a Dallas-based mortgage banker, has hired James E. Iley Jr., as the company's new senior vice president, national production manager.

Five banks across the nation failed in November, according to Trepp LLC's latest report, with commercial real estate a major contributing factor.

National Cooperative Bank FSB, Arlington, Va., originated $41 million in residential cooperative loans during the third quarter. This brings its total up to $118 million in new loans for 542 residential cooperative unit owners through Sept. 30.

Overall satisfaction with mortgage originators is up 13 points, which is "a pretty sizeable increase," noted an analyst with J.D. Power Associates regarding its 2011 U.S. Primary Mortgage Origination Satisfaction Study.

Tim Galu rose to being a leading originator by treating clients' loans as if they were his own. There are more than a few examples of customers deciding to become active in an industry because of the pleasant experience they had using their product.

The improvements in mortgage industry technology in recent years should have helped to improve loan quality and compliance. Yet, as a discussion put together by Origination News during the recent Mortgage Bankers Association annual convention in Chicago thrashed out, there is still a long way to go to effectively use automated processes.

Fitch Ratings said Friday that an outlook change to negative for "defeased" U.S. CMBS looks unlikely despite the use of government debt in defeasance and a recent revision of the sovereign outlook to negative.

PNC Financial Services is taking a look at parts of MetLife Mortgage, according to industry advisors familiar with the situation.

The composition of the housing markets is changing, as are some key housing demographics, according to the latest edition of the National Association of Realtors' annual profile of buyers and sellers.

Delinquency rates on securitized commercial mortgages fell sharply in November for the first time in three months, but analysts at Trepp LLC don't see it as a trend.