Origination

Have you ever worked for someone who made you scratch your head and wonder, "How did he get to be the boss?" Does the guy in the next cubicle proclaim his greatness on a daily basis? When five o'clock strikes, are you just thankful you have made it through the day without telling that rigid, unyielding controller how you really feel about her?

With all of the changes that were taking place in the regulatory environment in 2009, as well as the proposed changes coming on in 2010, in September of last year Victorian Finance was looking for a system that would be “more automated” than what it was currently using.

Refinancings of single-family loans and demand for rental apartments picked up in September and early October, according to the Federal Reserve Board's periodic survey of economic conditions released Wednesday afternoon.

U.S. Bancorp, Minneapolis, reported record mortgage production of $16.6 billion for the third quarter, which contributed to a 12.3% increase in its mortgage banking revenue over the previous year.

VantageScore Solutions has unveiled its new credit score model, VantageScore 2.0, which takes into account the significant change in consumer credit repayment behavior of recent years, company officials said.

Mortgage application volume fell 10.5% last week on a seasonally adjusted basis, as interest rates for fixed-rate loans increased for the first time in six weeks, according to new figures released by the Mortgage Bankers Association.

Rep. Maxine Waters (D-Calif.) announced plans for a hearing on the foreclosure paperwork debacle that has raised questions about the legality of thousands of foreclosures nationwide.

The Federal Reserve Board's new rule on appraisal independence does not prohibit the selection of appraisers by mortgage brokers or loan officers.

For cash-poor senior citizens, the government has given them another blow to their financial situation, although for those who own a house, a reverse mortgage could be a remedy.

Wells Fargo & Co. — which is experiencing near-record mortgage application volume — said the "potential is very high" for the current refinancing boom to last well into next year.