Origination

Skyline Financial, Calabasas, Calif., said it has raised $8.2 million in new capital, money it will use to expand its fast growing retail production network.

To say that the image of the mortgage originator has taken a beating over the last few years is an understatement. There have been a number of attempts to combat that perception from the inside of the industry.

LONG BEACH, CA—California’s position in the forefront of the real estate business is undisputed. More transactions take place there than in any other state. The California Association of Mortgage Professionals has been out front on a number of issues affecting the business; as this discussion was being held, the group was getting ready for its in-state lobbying day where members would meet with their Congressional representative in their local offices pushing for tweaks to the Financial Reform Bill when that piece of legislation comes up for technical corrections.

Rolan Shnayder’s concentration on new development lending has cemented his status as a top producer.Picking the right niche is the difference between being an ordinary originator and being a top producer. For example, consider finding a niche where your B2B partners feel they are underserved by the mainstream marketplace.

WASHINGTON—A replacement for the Home Valuation Code of Conduct is coming soon and the Federal Reserve Board is also working on new rules for ensuring lenders and others don’t exert undue influence on the appraisal process.

EverBank Financial Corp., Jacksonville, Fla., a top player in mortgage finance, is planning to sell up to $200 million worth of stock through an initial public offering.

The administration has taken very seriously its responsibility to ensure that FHA is operating on sound financial footing while minimizing risk to taxpayers. Since I took office as FHA Commissioner in July 2009, we have implemented a broad range of actions demonstrating steadfast stewardship of the fund, while carefully ensuring that we continue to serve communities nationwide.

Everyone always asks, “When will this change?”But it is the wrong question to ask. The correct question is: “When will I change?”The good news: You’re in control. To me, this is very good news. At least it’s up to me and I won’t be waiting around for somebody else to find the time to help me.

Mortgage companies shed 900 full-time employees from their payrolls in August, even though refinancing applications are now on the rise at many shops.

The U.S. housing glut is being compounded by the lowest rate of household formation since 1947, according to an IHS Global Insight report.