Origination

That the recession has been over officially for more than a year is of little solace to downtrodden mortgage brokers. But a Fannie Mae economist said that if loan jockeys are patient, things will get better.

Though seriously wounded, the National Association of Mortgage Brokers has a lot of fight left in it.

Foreclosure property sales sold at much deeper discounts than ever and continue to represent a significant portion of total sales, yet persistent erosion of buyer demand elevates concerns about future sales and inventory growth.

One of the attributes that I see in all top producers is confidence. They excel at what they do, Realtors want them on their team and prospects easily commit to being a client for life. Having confidence is an essential part of succeeding in this industry.

A study from Demographia, A ST. Louis public policy consulting firm, finds land use regulations have driven costs in some major metropolitan markets so high that new housing has become unaffordable for consumers despite low interest rates, a study from Demographia, a St. Louis-based public policy consulting firm, claims.

Federally chartered thrifts originated $36 billion of single-family loans in the third quarter, down 8% from the previous quarter, according to the Office of Thrift Supervision.

WASHINGTON—Originations of Federal Housing Administration-backed loans should hold somewhat steady in the new fiscal year, which began just a few weeks ago.The Department of Housing and Urban Development projects that the FHA will insure $288.7 billion of single-family loans in FY 2011, down 9.4% from the previous fiscal year.

A plan to reduce federal budget deficits and scale back the mortgage interest deduction garnered the support of 11 of 18 members on the President's National Commission on Fiscal Responsibility and Reform.

The quality of residential loans funded this year is slipping compared to 2009, according to a new report from Quality Mortgage Services LLC, a third party vendor that works on compliance and other issues.

Are you out of time? Out of energy? Have you said lately, "I’m just not going to respond to that e-mail or phone call. Don’t they know how busy I am?" Yet, the time you are spending on your business is not exactly yielding the results that you really desire, need and/or want?