Origination

The National Credit Union Administration this week said CUs must accept alternative, non-traditional credit reports at a member's request when deciding on the borrower's creditworthiness. (In credit union parlance, customers of an institution are referred to as 'members.')

The increase in the annual mortgage insurance premium for the Federal Housing Administration’s Home Equity Conversion Mortgage standard program was a “dramatic” one, a long-time participant in the reverse mortgage business said. This change was introduced at the same time as the HECM Saver program.

A pool of $11 billion in mortgages with recourse to the nation's largest homebuilder may not have met investor guidelines and analysts project PulteGroup may be on the hook for as much as $323 million in buybacks from secondary market investors.

The White House wants the Federal Housing Administration to enter the business of co-insuring small loans to finance energy-saving home improvements.

Total Mortgage Services, a fast growing nonbank lender based in Milford, Conn., this week received final approval to originate home mortgages in New York state.

Radian Group Inc. on Tuesday increased the size of its convertible senior note offering to $400 million, a $50 million hike from its initial plan.

Home values across the U.S. fell 0.2% in the third quarter, signaling more trouble ahead for the mortgage and housing industries, according to the latest House Price Index from Integrated Asset Services.

Many sales experts I have spoken with, read about or observed over the years all list the most important skill as the ability to listen. And that starts with asking the right questions.

National City's warehouse lending chief Paul Best has landed a job with People's United Bank of Connecticut, one of the largest thrifts in the Northeast.

ATLANTA—The NeighborWorks Mortgage Source product and pricing engine was created to give consumers and credit counselors a level playing field with lenders in terms of information, the head of the technology firm behind the system declared.