Originations

Consumer Financial Protection Bureau director Richard Cordray defended the agency's new mortgage rules, data-gathering activities and single-director leadership structure.

The GSE regulator should direct Fannie Mae and Freddie Mac to use the same credit underwriting standards in their automated underwriting systems, according to the Mortgage Bankers Association.

As of June, 167,680 homeowners decided to leave their home that lenders have foreclosed upon.

Shellpoint’s long-awaited first jumbo residential mortgage-backed securities deal is in the pipeline, and it is backed by a $261.58 million loan pool with slightly broader group of borrowers than other deals.

Only portfolio lender Astoria Financial, a company which would benefit from higher interest rates, closed higher on Wednesday.

A laundry list of 33 items for managers to find answers for during the interview process.

Lead management technology provider Leads360 has changed its name to Velocify, which it said more accurately reflects its mission to enable sales professionals to sell at the “speed of opportunity.”

Sabal Financial Group is expanding into third-party servicing, special servicing and construction loan administration nationwide.

For the second time in recent weeks, an originator has come to the Mortgage Grapevine seeking a stated income loan.

Wells Fargo & Co. marketed a risky securities-lending program as safe and ended up causing millions of dollars in losses for institutional investors, a lawyer said as the trial of a lawsuit against the bank began.

News that Wells Fargo and Bank of America failed to comply with the mortgage loan modification timeline processing requirements of the mortgage servicing standards mandated by the national mortgage settlement are bittersweet for New York Attorney General Eric Schneiderman.

Affiliated Mortgage Co., a Monroe, La.-based subsidiary of Texas’ Benchmark Bank, has started a wholesale/mini-correspondent division that is getting started in the Lone Star State with a plan to expand from there.

When it comes to whether to outsource valuations or keep them in-house, opinions can be fierce, but the best advice is to not close the door to either until one has carefully examined all the pros and cons in line with which best matches a particular company’s size or situation.

Existing home sales jumped 13% in May after an 8% increase in April, and it signals that the housing recovery is gaining momentum, according to the Re/Max National Housing Report.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) increased to 4.17%, the highest rate since March 2012.

Major servicers still find it difficult to provide troubled borrowers with timely notice that more documents are needed to process a loan modification application.

ServiceLink has made available a multipurpose tool designed to ensure the mortgage loan data lenders and servicers report and record electronically is accurately transferred and in compliance with regulators.

Move-up buyers are responsible for a growing share of total home sales while first-time homebuyers continue to be hampered by tight credit, according to Wells Fargo Securities economists.

A LendingTree survey reveals that now is an ideal time for prospective homebuyers to purchase a property before interest rates and prices go up.

Mortgage stocks go along for the ride as 13 of 17 Mortgage Industry Equity Composite listings close higher.