Origination

The government's embattled Home Affordable Modification Program lost momentum in January as the number of newly approved loan restructurings fell below 30,000 for the first time since October.

Wells Fargo & Co. once again ranked first among all residential funders in the most recent quarter with its market share jumping almost a full point to 24% -- one of the highest readings on record, according to figures compiled by National Mortgage News.

The Department of Housing and Urban Development has slated $50 million in “capacity-building” grants that will give an economic boost to over 250 low-income communities across the country.

Georgia Senator Johnny Isakson declared on the Senate floor late Wednesday that if federal banking regulators have their way with the risk retention rules — namely a 20% downpayment stipulation — they will derail the nation's housing recovery.

Helios AMC, a specialty servicer of defaulted commercial real estate loans and other debt, this week hired industry veteran Keith Johnson as its chief executive effective immediately

The long-term rate-indicative 10-year Treasury yield as of late Thursday morning had seen a notable rise to 3.56% from as low as around 3.4% Wednesday.

Securitized commercial and multifamily mortgage delinquencies are at the highest level since the Mortgage Bankers Association started tracking such data in 1997.

Mobile technology is the future of mortgage finance, with a breadth of utilities and uses that will touch virtually every aspect of the industry.Early adopters are using smartphones and of late, tablet computers, to improve efficiency and facilitate day-to-day tasks outside the office.

It used to be that if you called the FHA Hotline to find answers to your underwriting questions, you’d be on hold forever. Worse yet, if you used their advice and it was wrong, you’d could not trace who gave you the answer—nor would they give you the chapter and verse from the HUD manual.

The latest average 30-year rate has dropped for the third consecutive week, bringing it to about 0.2 percentage points below the year’s high set just three weeks ago.