Origination

By an almost five-to-one margin, mortgage brokers favor a direct line to whatever government-sponsored mortgage agency rises from the ashes of the mortgage meltdown.

Author says one needs a team working for the common good of all members.It has always been important to have a referral network in place in order to grow one's business, but in this day and age, it has become even more important, said an expert on the subject.

ORLANDO, FL—A new company that links small businesses to sources of capital is looking to expand its reach through a network of affiliates that includes mortgage, real estate and financial services professionals.

WASHINGTON—In the wake of President Obama signing the massive regulatory reform bill, the Federal Reserve Board at press time last month was in a tentative position regarding pending rules on loan broker compensation—and giving no hints about which way it will go.

Fannie Mae is assuring lenders they don't have to pull a new credit report before closing, but they do have a responsibility to ensure the borrower can repay the mortgage.

Credit Suisse expects mortgage repurchase demands to remain strong throughout the remainder of the year, but believes the worst of it might be over when 2010 ends.

We have all heard this statement: If I just knew then what I know now...blah, blah, blah.How about this updated version: Everything you know now that you wish you had known then you need to take action immediately to adjust that thing to the new and current level of knowledge. Now!

The Rural Housing Service said it is working on implementation of a new premium structure that Congress approved in July and hopes to start approving loans once the system updates are ready.

Mortgage insurance companies, which have been bleeding massive amounts of red ink for two years, could see their prospects brighten in a post-Fannie Mae/Freddie world, according to one proposal making the rounds in Washington.

The Home Affordable Modification Program has succeeded in limiting the supply of distressed properties to hit the market and, as a result, has helped stabilize prices. That success may be short-lived.