Originations

The Senate Banking Committee is slated to mark up and vote on a Federal Housing Administration reform bill on July 31.

Rising house prices and relatively low interest rates helped improve the outlook for the riskiest tranches of residential mortgage-backed securities.

Mortgage Network was able to pare down redundant systems used in the origination process.

GMAC Mortgage will pay $230 million to compensate borrowers for deficient practices in mortgage loan servicing and foreclosure processing.

Lower trading volumes for most Mortgage Industry Equity Composite members heading into the weekend.

Kroll Factual Data found possible fraudulent activity in loan applications increased 1.06% on average between the first quarter of this year and the fourth quarter of last year.

Williams served as managing director in the public policy division at Credit Suisse before launching The Williams Group earlier this year.

The conspirators supposedly operated a fraudulent timeshare resale scheme in Green Bay that resulted in at least 1,000 victims in 20 states and Canada being defrauded of over $2.3 million.

A scenario posted on the Mortgage Grapevine is looking for an owner-occupied, full-documentation refinance mortgage on a single-family property.

We're hearing that the Senate is bracing for a fight over the confirmation of Rep. Mel Watt to be the new GSE regulator.

Better housing trends in many areas will improve legacy residential mortgage-backed securities performance, but could hurt loan quality in new deals.

It refers to integrating each step of the loan process, from pre-origination activities all the way through servicing to lien satisfaction, in a unified suite of software running on a common platform.

New York City Comptroller John Liu called on the New York City Housing Authority to reject a plan to raise $750 million in a new bond issue.

The American Land Title Association has created assessment procedures to help mortgage originators to determine if a title professional meets the seven pillars of its best practices statement.

A Fitch survey revealed that Carrington Mortgage Services has approximately $300 million in principal forbearances that have not been reported as losses.

The Homes.com Rebound Report for May finds there are now 19 markets defined as “fully recovered” compared with 14 in April.

The reverse mortgage industry is going to be watching the Senate next week to see if it can pass a bill that will give FHA more flexibility to fix its troubled Home Equity Conversion Mortgage program.

Wells Fargo has pledged $4.8 million for eligible borrowers who will purchase a home during one of the August homebuyer events scheduled in California’s Inland Empire.

There has never been a time in recent memory that the mortgage business has been crippled by excessive regulation, but that could change.

Norcom Mortgage is launching a mini-correspondent channel this month.