Origination

As the market for reverse mortgages grows, concerns are mounting that more seniors are being misled into signing up for a product that some say may put them at risk for losing their home.

Starwood Property Trust, Greenwich, Conn. has recently deployed $271.9 million of capital through three separate loan originations: a $206 million first mortgage loan, mezzanine loan and bridge loan on a portfolio of ten full service hotels located throughout the United States, a $33.9 million first mortgage and mezzanine loan on a portfolio of drug stores located throughout the United States, and a $32 million first mortgage loan on a retail development in Vail, Colo.

Homeownership counseling networks in Michigan and nationwide are bringing significant relief to over a million families struggling to avoid foreclosure, Michigan State Housing Development Authority Executive Director Gary Heidel announced today.

The volume of mortgage loans moving to REO continued to drop in November as moratoria further delayed foreclosure sales, according to Lender Processing Services, Jacksonville, Fla.

There is much truth to the cliché, "it's not what you say, but how you say it." And that is very important in the sales profession, where not only your words, but also your actions while you say them can convince a prospect to become a client.

Home prices fell in October for the third month in a row and it appears the housing market is headed for a double dip, according to the Standard & Poor's/Case-Shiller house price index.

Making loans for the Federal Housing Administration could become a higher-cost, but also higher-volume, business if an advocacy group succeeds in stamping out what is now a common industry practice.

California’s home builders pulled permits for 21% more houses in November versus the same month a year ago. But the surprising jump won’t be enough to keep the Golden State from seeing its second lowest number of annual housing starts ever.

The Federal Reserve Board is revising an interim final rule it approved in September to make changes to the disclosures required for interest-only, payment-option and 5/1 hybrid adjustable-rate mortgages.

A more robust recovery in the general economy will help lift the mortgage industry out of its current abject depression.