Origination

Fannie Mae has approved a second subsidiary of Genworth Mortgage Insurance Corp. as an eligible mortgage insurance writer. Several of the private mortgage insurers have established subsidiaries to keep on writing new business in the event their main operation breaches the 25:1 risk-to-capital ratio or minimum policy position required by 16 states.

It is well documented that the discovery of fraud and abuse is far more frequently found through chance observation than through formal auditing and oversight, no matter how important those functions obviously are. However, our initial awareness that ethical or legal problems are occurring often has less to so with the actual observation of some type of error in judgment or indiscretion and more to do with some indistinct gut sense that things just don't feel right. Always trust that feeling.

Federal bank regulators need to update their commercial real estate guidance to bring standards more in line with how examiners treat loans following the financial crisis, according to a new oversight report.

Banks will face increased costs and reduced revenues as the federal government drafts and implements a new series of regulations affecting mortgage lending and servicing, according to the Comptroller of the Currency.

UDR Inc., a multifamily real estate investment trust based in Denver, has priced $300 million of unsecured debt at 98.988% of the principal amount to yield 4.419% through maturity.

It appears the great debate over altering the minimum servicing fee paid by Fannie Mae and Freddie Mac is coming to a close with many mortgage professionals hoping that in the end no change whatsoever will be made.

Sales of existing single-family homes edged down 0.5% in April after a 3.7% rise in March as the market continues to struggle even in the midst of the spring home buying season and ultra low mortgage rates.

The recent increase in some postage rates is another reason for mortgage originators to continue streamlining their processes and move more towards an electronic document package, said an executive with eLynx.

The average rate for both the 30-year and 15-year fixed rate mortgage fell by two basis points according to the Freddie Mac survey for the week of May 19, making it five consecutive weeks of declines.

Companies that foster a culture of transparency and trust clearly have a competitive advantage for sustainable success. Trust is one of the essential ingredients to build collaborative relationships, high performance teams and a winning culture. Without trust you can't have engaged relationships and without engaged relationships you won't be a successful leader, manager, sales person, or team member etc.