Origination

Navy Federal Credit Union, the largest CU player in mortgages, originated $1.8 billion of residential loans in the fourth quarter, a 54% spike from the same period a year ago, and one of its best quarters ever.

Ameriprise Bank FSB is offering the Home Ownership Accelerator product created by CMG Financial Services. CMG first introduced the product in July 2005 and modeled it after a product found in Australia.

Fannie Mae provided $17 billion in mortgages for multifamily properties in 2010, down from $20 billion in 2009.

The confluence of GSE reforms and risk retention rules is forcing the Obama administration to consider ways to clamp down on the Federal Housing Administration program to prevent an explosion in its insurance market share.

Jpmortgage: Not sure if you have the same issues, but lately these days I have been having some very poor quality appraisals being completed. Missing bathrooms, bedrooms, using foreclosed and/or fire sale comps, simple spelling errors, etc.

Primary-to-secondary mortgage market spread compression that has kept rates relatively low despite upward pressure from bond yields may be nearing its limit, according to one investment strategist.

People's United Bank, Bridgeport, Conn., late last week confirmed that warehouse lending veteran Paul Best has joined the publicly traded thrift as a senior vice president in its commercial division.

Mountain America Credit Union said it now offers the option for all of its Utah members to close mortgage transactions electronically.

Inexperienced and uneducated real estate brokers and agents are hampering short sales in the Home Affordable Foreclosure Alternatives program, according to a pair of real estate professionals that specialize in the distressed real estate sales.

Jim Rademann is evolving his business to meet the latest trends, but still keeps service to his clients and referral sources at the forefront.For a long-time mortgage originator like Jim Rademann, staying at the top of one’s game may require learning how to use the new tools that are changing the face of the business in order to serve clients better. But the basics of the business remain the same. “You have to deliver on what you say. You have to be customer-service oriented to your clients and your real estate agents.