Origination

If there is any one thing the author of a blog post or the speaker at a live presentation wants is that the audience should remember what the post or the speech was about. The lack of success in this area means a lack of connection with the intended target as well as frustration on the part of the author.

The correspondent lending division of Wells Fargo is serving as the pilot user for new customized investor guideline functions in origination technology vendor Ellie Mae's Total Quality Loan service.

Technology Credit Union, San Jose, Calif., has applied to the National Credit Union Administration to convert to a mutual savings bank, which, at $1.5 billion, would be the biggest credit union conversion to bank yet.

TMS Funding, Milford, Conn., has added a 30-year fixed rate loan to its stable of jumbo products, and announced plans to crank up its hiring of wholesale account executives.

After several weeks of negotiations, Bank of America and Fortress Investments have ended talks over the bank selling its correspondent mortgage division to the publicly traded investment fund, officials close to the deal told National Mortgage News late Monday.

The delinquency rate on securitized multifamily loans jumped over 50 basis points from August to nearly 17% in September and it continues to be the worst performing property type in the commercial mortgage-backed securities market.

The government-sponsored enterprise portion of the securitized commercial/multifamily market has been hot since the downturn and has come to dominate it, somewhat as like it has in the single-family market. So it is among the factors decision-makers need to consider in drawing up GSE reform and as the CMBS market makes a comeback.

Home price problems, continued high unemployment numbers and loan seasoning are behind the slowing pace of the improvement in the current to delinquent roll rates for nonagency mortgage loans in the past few months, according to the analysts at Barclays Capital.

There was $5.7 billion of primary new mortgage insurance written in August by the members of the Mortgage Insurance Cos. of America, marking four consecutive months of increased business.

I believe innovation arises from ideas. Ideas are revealed when one applies a process of being creative. Creativity in one's job is shaped by an individual's engagement and commitment to one's work, which is directly influenced by one's personal values and the company's organizational values.