Origination

Consumers appear to be showing a renewed interest in actually buying a home — as opposed to refinancing — according to new weekly application figures compiled by the Mortgage Bankers Association.

You’ve no doubt been inundated with communication about the changes occurring within the reverse mortgage industry. Making its appearance just this week is the HECM Saver in addition to the new principal limit factors which are now in place. We can speculate and look at various predictions about how this will affect the reverse mortgage business overall, but what does it mean to you, the individual originator?

Because of financial reasons, 45% of workers in poor health are planning to delay their retirement, a survey from Towers Watson found.This is the largest group of those who said they are planning to work longer than expected. The next largest is older workers.

Bank of America Home Loans – the nation's third largest wholesale lender – said it will cease originating mortgages through loan brokers immediately, calling it a "strategic decision," allowing the company to focus on retail lending.

Commercial mortgage-backed securities delinquencies overall rose above 9% for the first time ever in September, but multifamily delinquencies fell, according to new data released Tuesday by Trepp.

The seasonally adjusted 30-day delinquency rate on home equity lines of credit held steady at 1.88% at June 30, hardly budging from the first quarter, according to new figures released by the American Bankers Association.

TD Bank, Portland, Maine, said it will add 75 full-time positions to its mortgage operations center in Lexington, S.C.

The CMBS market is expected to continue evolving in 2011 while fixed-rate loans remain the sole product offering for top properties in the retail, office and hotel sectors.At this moment, it’s anyone’s guess as to what financing will eventually be available for floating-rate debt on “story loans” made in 2005, 2006 and 2007, according to speakers at a media roundtable in New York.

Because of the tough economy, home sales have been slow in many parts of the country. And even the refinance market is not as strong as it could be, if one looks at the Mortgage Bankers Association's Market Composite Index.

NeighborWorks America’s current CEO Kenneth D. Wade is leaving the nonprofit community development organization for a leadership position with Bank of America.