Origination

I recently overheard a business associate make the statement: “Goals suck!” Why, I had to ask do goals suck? My visibly upset friend said, I missed my numbers again. I didn’t bring in or close as much business as I had planned. My goals never come true he exclaimed.

Housing is typically the locomotive that pulls the economy out of a recession. But this time around, it's taking up the rear.

Recent defaults on five commercial mortgages with balances of more than $100 million caused the CMBS delinquency rate to increase 23-basis points in August to 8.48%, according to a new report from Fitch Ratings.

With the 2010 elections close at hand, Democrats are at risk of losing their No. 2 lawmaker on the House Financial Services Committee.

Foundation Financial Group plans to add 170 new mortgage jobs between now and yearend, noting that its business is surging.

Mortgage brokers may be flustered by new rules limiting how much they can make on loans, but the restrictions might be a positive for all residential lenders overall.

While speculation about the possibility of a "double-dip" recession continues, bond yields have risen slightly over the past week, pushing up 30-year mortgage rates by a few basis points.

The HUD Inspector General's office, in a new report, slams Webster Bank, Waterbury, Conn., for some of its FHA underwriting practices, saying the deficiencies could cost the government insurer upwards of $500,000 on six loans.

Jason Gillespie, a senior vice president in the warehouse lending division of Southwest Securities FSB, has left the bank, the second senior official in the unit to depart within the past three weeks.

In today’s mortgage market, there are three big challenges facing some lender customers of Wipro Gallagher Solutions. These include how to improve loan officer productivity in the branches or retail scenarios, dealing with compliance or loan quality, and third, the focus on customer service.