Origination

A new study sponsored by the Mortgage Bankers Association says the Dodd-Frank bill could stifle mortgage innovation, and lead to a permanent landscape dominated by 30-year fixed-rate loans.

The Houston and Dallas metro areas are expected to show the strongest home price appreciation over the next year in the most recent update to the U.S. real estate market forecast from Veros Real Estate Solutions.

Approximately one-third of Americans are unlikely to qualify for a mortgage because their credit scores are too low, an analysis of 25,000 loan quotes during the first half of September on Zillow Mortgage Marketplace found.

Loan Depot, a California-based nonbank lender that opened its doors in January, plans to hire 150 new mortgage workers this fall with 400 more being added by yearend.

The Federal Housing Administration had a market share of 3% five years ago. That’s swelled to 10 times that currently. Assuming neither of those figures is optimal, what is the right range of market share for FHA to take down in a more normal market?

You read the title correctly. I present sales seminars and workshops nationwide—why would I make this definitive statement? It’s simple; those attending will usually hear complex advice and information on so many topics that it can be overwhelming and sometimes counterproductive.

ST. LOUIS—Questionable credit histories have tripped up a much larger share of applicants for mortgage originator licenses than criminal background checks, according to a sampling of state officials who attended the American Association of Residential Mortgage Regulators’ annual conference here last month.

It would appear that loan brokers can't catch a break. New production figures compiled by National Mortgage News reveal that loans funded through these third-party independent salesmen hit yet another new low in the second quarter.

Existing home sales sped up a bit in August in Illinois. Year-to-date activity was up as well. But year-over-year, sales were down nearly 22%, according to the state's Realtor group.

Sales of existing single-family homes rose 1% in Florida in August, according to Florida's Realtors association.