Originations

A new plan introduced by a diverse group of housing experts defines several goals deemed essential to the future housing finance system, and terminating some government-sponsored entities is one of them.

The former vice president of lending at Members Choice CU pleaded guilty to creating $340,000 of loans in unwitting members’ names that he used to pay his credit card bills, his taxes and for home improvements.

The Federal Deposit Insurance Corp. in May issued enforcement orders against eight banks and freed nine others from prior orders as part of a series of actions released Friday.

Loan acquisitions by Fannie Mae edged up by nearly 1% from April to $78 billion in May.

Government-backed mortgage bonds declined after a two-day rally, extending quarterly losses that are on track to be the worst in almost two decades.

Lawsuits tied to the Truth in Lending Act are on the decline—but bankers would be wise to delay any celebration.

Resistance will use whatever tactics necessary to take you out and keep you from fulfilling your destiny.

There were 7 of the 17 Mortgage Industry Equity Composite members that gained on the day even though the overall market sank.

The aim of expanding them is to serve more people and provide customers with more options.

Some clarity may eventually emerge from a slew of lawsuits that are slowly working their way through the legal system.

Realty Austin has donated $10,000 to Keep Austin Affordable.

Either the borrower or originator does not want a Small Business Administration loan.

As much as it is a challenge, today subservicing is an opportunity many small-size servicers are rushing to embrace in a marketplace where the role of specialty servicer is being redefined.

More than 85% of Redfin’s real estate agents said now is a good time for homeowners to sell, up from 82% in the first quarter, but only 46% said it was a good time to buy, down from 57%.

The Federal Reserve Board is slated to meet next Tuesday and approve the Basel III capital rules.

Re/Max of New Jersey has selected EverBank Financial Corp. as its preferred lender in the Garden State.

President Obama’s climate change initiative is aimed at reducing household energy consumption and may impact underwriting standards on mortgages.

There was $12 billion in primary new insurance written in May by the members of the Mortgage Insurance Cos. of America, up from $11.4 billion in April and $8.5 billion in May 2012.

Milton Miller, the president of the Federal Home Loan Bank of Indianapolis, is retiring due to “medical reasons.”