Originations

This is our master list of items to do on each new loan.

For the first time in six weeks the Zillow Mortgage Rate Ticker finds the average rate for the 30-year fixed rate mortgage to be lower than the week before, a drop of five basis points to 3.88%.

The Mortgage Grapevine is discussing a scenario where the borrower is reluctant to have an appraiser come in because there are two rooms which were added to the property but are not on the tax rolls.

Values in the $900 billion non-agency market are slumping after soaring through early May as the Federal Reserve’s stimulus efforts drove investors to seek potentially higher returns and housing rebounded with the fastest gains in prices since 2006.

Stonegage Mortgage's new office will be located in Oak Brook, Ill., and will focus on loan servicing and originations.

The owner of a California mortgage brokerage company was sentenced to three years in prison and ordered to pay more than $5.8 million in restitution for her role in a real estate-related wire fraud conspiracy.

These grants are expected to assist more than 1.6 million households in their efforts to find affordable housing, make more informed housing choices and avoid foreclosure.

PennyMac Financial Services is now using a new platform developed by Quandis to enable the mortgage services firm to centralize the short sale process into one portal for multiple users.

Rising interest rates may trim issuance of commercial-mortgage bonds by $15 billion this year, according to Standard & Poor’s.

There is $2.41 trillion in outstanding commercial and multifamily real estate at the end of 1Q13, a decline of $4.9 billion from 4Q12, according to data compiled by the Mortgage Bankers Association.

A leading credit union executive called on Congress this morning to exempt credit unions from new Qualified Mortgage rules that would generally bar them from making subprime and other risky mortgages.

ISGN CEO Ritesh Idnani explains how mortgage lenders should incorporate social media into their technology capabilities.

Prices of condominiums are starting to play catch up with single-family homes.

First-time homebuyers, usually between 18 and 34 years old, prefer mortgage shopping through the web, to getting in their cars and driving to their banks to shop for a mortgage.

The new version of Ellie Mae's Encompass360 application includes over 200 new features, the Pleasanton, Calif.-based mortgage-software company said.

The Census Bureau reported that single family starts rose to a 599,000 seasonally adjusted annual rate in May from a 597,000 rate in April.

There have been five days of triple digit moves in the Dow Jones Industrial Average. Monday's market improvement included 13 Mortgage Industry Equity Composite Stocks.

When compared with May 2012, prices in California increased 32%, going to $417,350 from $316,460.

Fannie Mae and Freddie Mac have streamlined their refinancing requirements under the direction of the GSE regulator, but little has been done to ease restrictions on purchase mortgages.

Where industry credit limits stand and why was among the topics discussed by a group of industry executives convened by Origination News at the Mortgage Bankers Association’s National Secondary Market Conference in New York.