Origination

While shaken, consumers' sense of obligation to the mortgage contract remains strong, according to the results of a market survey conducted last summer on behalf of Wells Fargo Home Mortgage.

We seem to be bombarded daily with some new fangled way to generate business. We are not even talking about all of the hype most products and programs have. That’s for a whole separate article.

Reduced income was the top hardship seniors faced in 2010 according to a study of 57,000 financial assessments made by those 55 and older with GreenPath Debt Solutions.

A U.S. Appeals Court in Washington late Tuesday night lifted a stay halting the Federal Reserve's controversial loan officer compensation rule, saying the plaintiffs in the case – two broker trade groups – did not "satisfy the stringent" requirements required to continue that stay.

Two Chicago Bancorp executives this week acquired the charter and assets of Generations Bank, an FDIC-insured savings bank based in Overland Park, Kan., and plan to ramp up production of both residential and commercial loans.

A U.S. Appeals Court in Washington late Tuesday night lifted a stay halting the Federal Reserve’s loan officer compensation rule, saying the plaintiffs in the case – two broker trade groups – did not “satisfy the stringent” requirements required to continue that stay.

Want to be recognized among your peers as a top producer? Origination News is collecting information for its annual issue listing the industry's most prolific originators, which will appear in June.

Shore Financial Services Inc., a wholesale and retail mortgage banking firm based in Birmingham, Mich., has hired Kip Kirkpatrick as its new chief executive officer.

KB Home, the Los Angeles-based homebuilder, said Bank of America, its partner in a mortgage banking joint venture, approached it during its first fiscal quarter asking to restructure the relationship.

The spring home buying season is off to a slow start, real estate agents reported in a new monthly outlook survey.