Origination

When the market panics it seems like anything goes. But there actually are some things mortgage investors should remember historically tend to occur.

The Mortgage Bankers Association is seeking relief from the dual tracking system under the Secure and Fair Enforcement for Mortgage Licensing Act that sets different qualification requirements for loan originators, depending on where they are employed.

HomeSteps, the real estate sales unit of Freddie Mac, is now offering a special limited time offer of $1,500 to help condominium buyers pay for future associates dues.

Many people see their priorities shifting in life. They have a goal, work towards achieving it and then decide they would rather achieve success in a different way.

Many lenders are bent on expansion today even with a shrinking market, and there are a lot of reasons this makes sense even though it means that a certain degree of consolidation is inevitable as long as recovery remains elusive.

When an individual participates in a closing to buy, or sell a home or refinance their mortgage, the main reason that such a complex real estate transfer can be quickly accomplished is because an independent, third-party professional has already pulled together all of the documentation necessary to close the transaction.

Even though the management at Mount Laurel, N.J.-based PHH Corp. said its mortgage origination business lost market share during the second quarter, the analysts at FBR Capital Markets believe the company is becoming even more aggressive in bringing in new business as the larger servicers such as Bank of America and Wells Fargo are losing origination clients.

Thanks to crumbling mortgage rates loan applications are up by at least 30% at Skyline Financial, Agoura Hills, Calif., a nonbank lender headed by industry veteran Bill Dallas.

Deutsche Bank has been chosen to sell Aurora Loan Services, the Colorado-based mortgage banking division of Aurora Bank FSB, according to industry officials.

August is the time for the summer doldrums, when market activity slows, people take vacations and, in the mortgage business at least, gear up for a busy fall conference season.