Origination

Mortgage lenders originated $1.04 trillion of 'purchase money' loans in Southern California during the past decade, according to a new research report.

The Federal Housing Administration Tuesday morning officially launched a new refinancing program to aid underwater borrowers, allowing lenders to write a new government-backed mortgage where up to 10% of the original loan amount will be forgiven.

In the current issue of Origination News, I wrote an article that warned business owners about the damage an employee like former flight attendant Steve Slater can do to one's business.

Cantor Commercial Real Estate, a new financing business aiming to originate what it describes as “competitively underwritten” loans for securitization, has been expanding across the country in major metropolitan areas and last month was looking to bring more origination staff on board.

Giving clients a higher level of service has them spreading the word about Luke Chamberlin, who learned that lesson from his physician father.

ST. LOUIS—Many mortgage originator license applicants who fail their national and state exams don’t do very well if they decide to take the tests over again.

Aggressive borrower outreach was on the minds of the participants in the editorial roundtable at the SourceMedia Best Practices in Loss Mitigation Conference in Dallas that I chaired.

Mortgagors continued to pay down their residential loans in the second quarter, a trend that reduces their debt load but also spells potential trouble for mortgage banking firms that earn processing fees on such balances.

The speculation over whether Harvard professor Elizabeth Warren will be nominated as director of the Consumer Financial Protection Bureau refuses to die.

BB&T Corp., Winston-Salem, N.C., said roughly half of its $1.5 billion in warehouse commitments are currently funded.