Origination

This is a significantly updated version of the original article.

Word of mouth marketing and the social media complement each other and need to work together in order for one's marketing efforts to be successful.

To spark more interest in its massive holdings of foreclosed properties, Fannie Mae is offering to cover up to 3.5% of closings for homeowners who can close by June 30.

A year ago, the folks who worked in Freddie Mac's multi-family section were sitting around waiting for the phones to ring. Now they can't keep up.

It will take a decade or more to work out all the kinks in the forthcoming merger of the Truth in Lending and Real Estate Settlement Procedures Act into a single, integrated disclosure, a top banking industry official said.

Southern Trust Mortgage Co. of Virginia Beach late last week told its loan brokers that it would exit the channel, citing what it calls "increasing compliance implications" tied to the Federal Reserve's new loan officer compensation rule.

State attorneys general and Consumer Financial Protection Bureau officials on Monday agreed to cooperate on enforcement actions and work together to prevent evasions of consumer protection laws.

TitleServ National, a Woodbury, N.Y.-based provider of title insurance, appraisal and settlement services, apparently exited the business on April 8, according to industry sources.

The Federal Home Loan Bank of San Francisco has awarded a $200,000 grant to Yolo Federal Credit Union, Woodland, Calif. — money the CU can use to help low income borrowers make a downpayment and fund closing costs.

Fitch Ratings said that the climb toward an expected 10% CMBS delinquency rate has slowed based on its latest index result.