Origination

Yearend financial reports by several Federal Home Loan Banks show these "other" housing GSEs are returning to profitability, while experiencing a lower level of losses on their holdings of private-label mortgage-backed securities.

It appears that home values may have further to fall – a lot further, according to Yale economist Robert Shiller, whose name is attached to the Case-Shiller home price index.

Roughly 708 foreclosures and 3,370 housing 'short sales' are on the market in Orange County, Calif., accounting for 38% of available homes to purchase, according to figures compiled by Altera Real Estate.

PSM Holdings Inc., Roswell, N.M., is purchasing United Community Mortgage Corp., a mortgage banker with offices in New York and New Jersey, for an undisclosed sum.

Mortgage bankers that are members of the Lenders One cooperative funded $90 billion of single-family loans in 2010, a 17% jump from the prior year, and its best showing ever.

Florida is still largely in the economic doldrums: more people are moving out than in, foreclosures are still in the nosebleed territory, and new homebuilding is anemic. So now isn’t exactly the best time for a mortgage firm to make inroads there. Or is it?

When things get tough in the mortgage industry, the tough pick up the phone and call their M&A advisor and try to find a deal to get them out of this industry.

Marketers of all types have had to deal with a number of new rules regarding customer contact in recent years. Now, online marketers might have to deal with a “do not track” list if the Federal Trade Commission gets its way.

WASHINGTON—The Federal Reserve’s compensation rule is really putting branch managers over a barrel. They may have to decide whether they want to be a manager or a loan originator. They can’t be both under the Fed’s Truth in Lending Act rule that goes into effect April 1 and still share in the profits of their branch.

Many sales trainers talk about utilizing time management philosophy and techniques in order to maximize your productivity. But Anthony Signorelli begs to differ.