Origination

In its first quarterly report as an independent company, CoreLogic, Santa Ana, Calif., had net income of $24 million, down from $29 million in the first quarter and $70 million one year prior.

Representatives of both Ellie Mae and PHH Mortgage Corp. used similar words about their teaming up in the Encompass360 Select program, that the technology involved provides seamless synergies to users.

A pair of cases alleging violations of Real Estate Settlement Procedures Act anti-kickback provisions could impact relationships between title underwriters and agencies and how title policies are produced.

The average rates for 30-year, 15-year and five-year Treasury-indexed mortgages dropped to more record lows during the week ended Aug. 5, according to Freddie Mac.

The Senate late Wednesday passed a bill that gives the Federal Housing Administration more flexibility to adjust its insurance premium structure, a move that will help rebuild its depleted capital reserves.

PulteGroup Inc.'s year-to-year reduction in land and mortgage-related charges combined with a tax benefit contributed to a net profit in the second quarter.

If you've kept up with your reverse mortgage news this week you've learned that we have moved a step closer to the subsidy that has been requested for the Federal Housing Administration Home Equity Conversion Mortgage program. This is certainly positive news but we have a way to go yet. What can you do as a reverse mortgage originator to help keep the message alive?

On Aug. 1, use of a revised reverse mortgage application became required by the Department of Housing and Urban Development.HUD first announced the revised form, known as Fannie Mae Form 1009, in a mortgagee letter issued in March. In addition, the Federal Housing Administration will no longer allow originators to use the Uniform Residential Loan Application, also known as Fannie Mae Form 1003/Freddie Mac Form 65 for Home Equity Conversion Mortgages.

A private sampling of Rural Housing Service loan originations discovered that lenders have become more lax this year in verifying income and the employment of borrowers.

Special assessment and tax-increment financing bonds from regions prone to property bubbles and busts are most vulnerable to the continuing weakness of the commercial real estate market, according to a Fitch Ratings report released Tuesday.