Originations

The new president of the California Association of Mortgage Professionals also is planning a marketing and image campaign for the industry.

The overall market, as well as investors in mortgage-related stocks, were pleased with the news that Lawrence Summers will not replace Ben Bernanke.

The spread between the one-month certificate of deposit interest rate and the 30-year fixed-rate mortgage is around 4.4% right now, about 55% higher than the 40-year historical average of 2.83%.

AmeriSave said it is eliminating published conventional overlays, citing strong performance in the loans that have been delivered to its wholesale division.

Genworth U.S. Mortgage Insurance is reducing its overlays and rates on loans that lenders deliver through Fannie Mae and Freddie Mac's automated underwriting systems.

A potential borrower is looking for a loan for a non-owner-occupied residential property.

We're hearing that a rising tide of new construction doesn’t have lenders worrying about a bubble in apartment building values...yet.

Kroll Bond Rating Agency has assigned preliminary ratings to COMM 2013-LC13, a $1.1 billion commercial mortgage-backed securities conduit transaction collateralized by 57 fixed-rate loans secured by 97 properties.

There was a 0.7% rise in home prices in July from June, according to the FNC Residential Price Index.

There were nearly 2% fewer homes sold in California in August compared with July’s revised figures, although it is over 3% when compared with August 2012.

Ginnie Mae MBS issuance totaled $35.3 billion in August, down nearly 10% from the prior month.

Pricing engines are a tool that allows loan officers to give consumers a better understanding of what is being offered.

Douglas Smith says it doesn't happen in the pages of a book.

Presale reports are out on a $425 million sequential-pay commercial mortgage-backed securities deal backed by beneficial interests in a mortgage securing four Florida hotels.

The Consumer Financial Protection Bureau has issued a final rule that contains 273 pages of refinements to its qualified mortgage, loan officer compensation and servicing rules.

Data through July 2013 show over 1.7 million homeowners received foreclosure mitigation assistance through the Making Home Affordable Program.

Even though volume was lower than average, 15 of 17 Mortgage Industry Equity Composite members closed higher on Friday.

While hardware and software has been available for e-notarization previously, this is the first time web-accessible technology that is integrated into broader document workflow has been applied to electronic notarization.

More mortgage originators could change hands in coming months as pressure mounts on small banks and servicers to deploy excess capital and pad revenue.

The crisis “exposed a major fault-line” in terms of loan data integrity the two technology providers are coming together to try to bridge.