Origination

Your Mom was right. It's not always what you say, but how you say it.Next to "Nancy, what's the best way to answer a phone?" the second most often asked question is "Nancy, how important is the tone of voice?"Answer: VERY.

C-BASS founders Bruce Williams and Saul Sanders have formed a new company with the working title of 'Shellpoint' to purchase and securitize jumbo residential loans, industry sources confirmed to National Mortgage News.

Home prices have fallen nearly 4% from October 2009 to October 2010, according to CoreLogic's housing price index, which includes sales of foreclosed properties. Since July, the HPI has declined for three consecutive months.

I know the holidays are a busy time for most of us but I’m proposing that with a little planning and leg work, I’m going to share with you three things that you can do for the next three months so you’ll be ready to take on the world.

In the crowded field of loan origination systems, technology providers have to find a way to stand out. With more than 30 different systems on the market, LOS platforms are not all created equal. The technology demands of a lender originating billions in mortgages every quarter are very different than those of a community lender that takes fewer than 1,000 loan applications a month.

U.S. AgBank and CoBank, two of the five banks in the Farm Credit System, intend to pursue a merger in 2011.

Loan brokers enjoyed a slight gain in their market share during a very strong third quarter for originations, but are still seeing their business come under pressure.

CityView, an institutional investment firm focused on urban real estate, in-city housing, and metropolitan infrastructure based in Los Angeles, has hired Mark Beisswanger as managing director and executive vice president. In his new role, he will be in charge of all asset management for the company's three housing funds and will also seek new opportunities for CityView's investment vehicles.

The latest weekly average primary market rate for a conventional 30-year mortgage has come in 22 basis points higher than the previous week but successive weekly moves are unlikely to be as steep going forward and some refinancing opportunities remain, according to Freddie Mac's chief economist.

New York Community Bancorp Inc., Westbury, N.Y., will rebrand its Cleveland-based residential mortgage banking business as NYCB Mortgage Co. LLC, effective Jan. 3, 2011. The unit was acquired when NYCB picked up failed AmTrust Bank in a Federal Deposit Insurance Corp. transaction in December 2009.