Origination

The Mortgage Bankers Association has egg on its face this morning: A year ago the trade group sold its (somewhat) brand new "green" office building for just $41 million, taking a $34 million loss on the deal.

Personal energy is the only real asset that you have and you must protect it fearlessly. Unlike your car’s need for fuel, your personal need for energy is very complicated. The consequence of running low on personal energy is very damaging to your life.

Mortgage companies ended the year with 260,600 full-time employees on their payrolls, down slightly from 261,400 in December 2009.

Despite the attempt in the Dodd-Frank Act to preserve thrift institutions, a recent report on the elimination of the Office of Thrift Supervision is bolstering the view that the charter will exist in name only.

With expectations rising that the White House and Congress will allow the GSE loan limit fall to $625,500 next fall, more investment banking firms — and even commercial banks — are exploring the idea of creating jumbo conduits.

The nation's five largest funders of home mortgages — most of which fall into the 'megabank' category — had a blowout fourth quarter in terms of residential originations, with one glaring exception: Bank of America.

Freddie Mac's multifamily business had $15 billion in volume for 2010, down from $17 billion in 2009. The totals cover both its whole loan and bond guarantee business.

Radian Group Inc., Philadelphia lost $1.1 billion for the fourth quarter and $1.9 billion for 2010 as the company took a non-cash charge of $841.5 million to establish a valuation allowance against substantially the company's entire net deferred tax assets.

The average rate for a 30-year fixed rate mortgage rose slightly in Freddie Mac’s survey for the week ending Feb. 3.

MortgageDashboard has launched an online community to promote communication among the customers of its loan origination system products.