Originations

In a good real estate market, one with rising prices and willing buyers, foreclosures should nearly be nonexistent.

The government shutdown is the topic of the day in many places, including a thread on the Mortgage Grapevine.

During the recent housing recovery the industry focus switched on operational efficiency and loss mitigation cost management.

Detroit’s struggles during the latest financial crisis and housing meltdown has been an ongoing issue for a long time.

Wells Fargo agreed to an $869 million settlement with Freddie Mac to resolve disputes over faulty loans sold to the government-backed firm before Jan. 1, 2009.

Barclays topped the list of mortgage-backed securities bookrunners for the first nine months of 2013.

Home prices rose 0.9% in August but at half the pace of the July increase.

A joint venture comprised of Hudson Realty Capital and Apollo Global Management acquired a $200 million portfolio consisting of nonperforming, commercial real estate loans and REO properties.

August was the best month in terms of the cure/default ratio since April for the members of the Mortgage Insurance Cos. of America.

The African-American community lost more than half its net worth as a result of the housing debacle and the ensuing economic crisis.

The Eleventh Federal Home Loan District Cost of Funds Index for August is 0.956%, which is just 0.2 basis points higher than it was in July.

If the Internal Revenue Service is not processing lender requests to verify borrower information, it could result in substantial delays in closings.

Fannie Mae's mortgage purchases fell 7% in August after a slight uptick in July, but commitments to purchase new mortgages from lenders fell to the lowest level in two years.

A study finds consumers are not always understanding what they are being told about financial products.

With a government shutdown looming, it appears the mortgage industry will be mildly inconvenienced as most government mortgage programs will remain open.

NAMB President Don Frommeyer had the experience of a lifetime as an umpire at the BIg League World Series. And he still originates loans as well.

Mortgage industry veteran Mark Korell has been promoted to chief executive at Hamilton Group Funding.

While the Dow and S&P 500 were both down on Monday as investors worry about the inaction in Washington, 12 of 17 Mortgage Industry Equity Composite stocks closed higher.

This option gives homebuyers access to a 3% grant on FHA, VA, or USDA government loans, which will lower a borrower’s downpayment to 0.5% from their own funds.

We're hearing that in a post-crisis world, mortgage companies are looking for some new traits in their c-level executive suite.