Origination

A mortgage banking executive who is the new co-owner of a community bank’s assets and charter is continuing to look at other potential acquisitions of mortgage brokers and bankers.

The risk retention proposal drafted by federal regulators has stirred such widespread opposition—and controversy—that it may take years before it is finally implemented.

Consumers pulled $6 billion of equity out of their homes through cash-out refinancings in the first quarter, the lowest reading in 15 years, according to figures compiled by Freddie Mac.

Farm Credit System lenders have finally won permission from their regulator to bid on the assets of failed banks.

We all know we’ve left companies due to poor service. And we know, too, there are more than five unforgivable customer service mistakes. These, however, have been culled together from the many e-mails and comments we received over the years.

In two years mortgage banking firms will need a minimum net worth of $2.5 million to be GSE seller/servicers, a mandate this is beginning to drive merger and acquisition activity.

A new report, "Paying More for The American Dream V," by a group of nonprofit housing advocacy organizations, finds evidence that banks may be engaging in redlining on refinance loans in communities of color.

Discover Financial Services is buying the assets of Tree.com Inc.'s mortgage origination subsidiary, Home Loan Center, for $55.9 million.

Two members of the House Financial Services Committee late Thursday introduced GSE reform legislation that would create new entities to issue government-guaranteed MBS.

The percentage of Californians who could afford to purchase a median-priced single-family home in the state rose to 53% in the first quarter, up from 50% in the fourth quarter of last year, according to the California Association of Realtors.