Originations

If mortgage interest rates continue to rise, that could put a damper on the emerging home purchase market and hurt the earnings of those banks with a strong presence in the origination business.

The average rate for a 30-year fixed-rate mortgage climbed another 22 basis points in Freddie Mac’s survey for the week ending July 11.

Rick Sharga has left Carrington Mortgage Services to join Auction.com as an executive vice president.

Even some Federal Reserve officials are concerned the recent jump in mortgage rates could crimp demand for housing.

June foreclosure filings accounted for the lowest monthly amount in six and a half years, RealtyTrac revealed in its midyear foreclosure market report.

Treat the process with the respect it deserves and don’t cut corners for the sake of profitability.

Wednesday saw 10 of the 17 Mortgage Industry Equity Composite stocks close lower.

Total Mortgage Services has purchased a new headquarters building in Milford, Conn.

The new office is to be known as Fairway Wholesale Lending Rocky Mountain Division.

Due to geographic concentration risks it would have required between 9%-10% AAA credit enhancement rather than 7.6%

Although the news is full of stories about increased home sales and huge demand, with all this activity appraisals remain a problem for everyone involved.

ViewIQ's new platform automates the REO asset management process for financial institutions so they can analyze and market bank-owned properties more quickly, accurately, and at less cost.

Since Wells Fargo Housing Foundation partnered with Habitat for Humanity the megabank has invested more than $278 million in support of affordable housing and community revitalization programs.

Today’s scenario on the Mortgage Grapevine is for a borrower with multiple non-owner-occupied properties that need to be refinanced out of hard money.

Oregon lawmakers passed an $800 million bonding package to fund construction projects.

Kevin Derricott of Rocklin, Calif., now faces 20 months in prison for his role in a scheme to defraud lenders out of millions of dollars.

Volatile interest rates have been pressuring down mortgage REIT portfolio values leading to historically low quarter earnings not likely to improve until 2014.

Global DMS said its valuation management software has been integrated with DataQuick’s collateral validation analytics solution.

The spike in interest rates last week affected both purchase and refinance application volume, as the total number of loan applications submitted the week ended July 5 declined by 4% on a seasonally adjusted basis from the previous week.

Rising rates, and for FHA loans the mortgage insurance premium change, have pushed many New York loans above the subprime threshold and stalling the market as a result.