Origination

Private mortgage insurers produced $6.4 billion in new insurance written in January, down $2 billion from December's $8.4 billion, but an improvement over the $4.2 billion written in January 2010. This is according to data collected by the Mortgage Insurance Cos. of America.

It’s not looking pretty for home values. Prices are on a downward slide once again and the market could see a 5% to 10% further drop by the time 2011 ends.But all that seems to be a secondary concern for the senior economist at CoreLogic who tracks home prices and negative equity.

It’s starting to get a little crowded in the warehouse lending arena these days, or perhaps it only feels that way with more community banks jumping into the sector.The two latest entrants to warehouse lending include Republic Bancorp of Kentucky, and People’s United Bank, Bridgeport, Conn. (Both are publicly traded.)

One of the biggest struggles mortgage originators deal with on a daily basis is finding a steady stream of good agents to fill their referral network. Today’s real estate market calls for a fresh, out-of-the box solution to resolve this problem.

The National Association of Mortgage Brokers is contemplating suing the Federal Reserve Board over its looming loan officer compensation rule, according to trade group officials familiar with the matter.

Mortgage vendor CoreLogic, Santa Ana, Calif., lost $35 million in the fourth quarter after booking a non-cash impairment charge and taking a loss on the sale of discontinued operations.

United Guaranty Corp., the mortgage insurance subsidiary of American International Group, posted operating income of $154 million for the fourth quarter, compared to a $241 million loss in the year ago period.

Just wondering, why in the world do some salespeople feel like they must sound like a salesperson when they get someone on the phone?

Cambridge Realty Capital, a Chicago-based lender which specializes in senior housing and health care properties, processed 19 loan origination requests in January totaling more than $317 million.

Stability is the word from Standard & Poor's when it comes to unenhanced and unsubsidized affordable multifamily housing.