Origination

A coalition of industry groups is urging Congress to act quickly to maintain the GSE loan limit at $729,750, saying the pending expiration is hurting both home sales and application volume.

When the Federal Housing Finance Agency late Friday unveiled its $200 billion lawsuit against investment banking firms that sold faulty MBS to Fannie Mae and Freddie Mac, it also targeted executives who signed the original shelf registration documents on the securities in question.

Non-distressed U.S. home prices saw their largest gain year-to-date in June as they continued an upward trend, FNC indicated in a report Tuesday.

The beleaguered mortgage business has done quite a good job of continuing to provide mortgage finance at respectable levels despite the worst disaster ever to hit it. As the fall meeting season approaches, industry executives should take a moment to congratulate each other on this before they start to plan, plot or commiserate.

The yield on the benchmark 10-year Treasury bond fell to another all time low early Tuesday morning – 1.92% -- as stocks sold off in Europe and American equities plunged by almost 300 points at the opening bell.

Caliber Funding, Dallas, hopes to hire dozens of new loan officers over the next few months, especially in California, according to chief executive officer Brian Simon.

TMS Funding, Milford, Conn., was launching a jumbo wholesale product at press time as higher loan amounts in general were picking up some momentum, but still appeared likely to leave a small number of relatively high-cost areas with some funding gaps due to plans for an FHA loan limit decrease this fall.

The activities that Stephen Tetzner undertakes as part of his pursuit of the mortgage banking trade have a purpose: to help strengthen the image of the industry and his business.

It appears that Florida's housing market is starting to shake off some of the doldrums caused by the mortgage crisis, as buyers start to come out of the woodwork.

If you haven't embraced blogging yet as a marketing tool, social media expert Randall Craig has a few reasons why you should.