Origination

There are three pillars to help identify viable mortgage borrowers and keep them from falling through the cracks and going to another originator: the use of data to provide customer insight, the use of systems for the creation of a better experience and what support can be provided for the loan officer and the customer to make a quick and intelligent decision.

Many things have changed within the mortgage industry, including lenders’ newly found sense of responsibility to mold the level of education for the next generation of borrowers. Describing her company’s current and future strategy in dealing with today’s challenging financial times, Georgette Dixon, senior vice president and director of national partnerships for Wells Fargo, said that the solution is education, especially borrower education.

Bank of America Merrill Lynch is looking to build on AEGON USA Realty Advisors' commercial real estate lending expertise to source new lending opportunities for its securitization program.

Last week's accelerated run-up in yields on the 10-year Treasury had been essentially reversed on Monday, but were still above where they started the month at.

Existing home sales fell 5% in November from the previous month and nearly 26% from a year ago, according to a new report from RE/MAX.

Deutsche Bank is contemplating re-entering the warehouse space, according to industry advisors, the latest new entrant in a business that two years ago had just a handful of players.

The head of Generation Mortgage Co. called the recently enacted changes to the Home Equity Conversion Mortgage program "really positive" and should lead to a successful future.

Since publishing its loan officer compensation rule in September, the Federal Reserve Board has been wary of providing written guidance on compliance issues to the industry — but the Mortgage Bankers Association wants to change that.

Radian Guaranty, the nation's third largest mortgage insurer, said it has expanded its sales force with the addition of six local account managers in what it calls "key" locations across the U.S.

Hudson City Bancorp, one of the largest residential lenders in the mid-Atlantic area, on Friday pulled the plug on its move from a thrift holding company to a commercial bank.