Originations

The Federal Housing Administration is making it possible for existing FHA borrowers who had trouble making their payments in the past to refinance at a lower rate.

When it comes to appraisals, different lenders have different needs, depending on lending strategies, business models and areas served.

Home equity lines of credit increased almost 16% in February 2013 compared to the same month a year ago, rising to $12.4 billion from $10.7 billion.

Concerns over the Federal Reserve exiting its bond purchase program affected the stock market on Monday.

The lowest credit score which is supposedly available for loans to meet the Federal Housing Administration program standards is 580.

Citigroup is replacing Sanjiv Das, the chief executive of its mortgage unit, with private bank head Jane Fraser.

After hiring more than 50 new employees since January, Churchill Mortgage is restructuring its business management hierarchy.

Plenty of financial firms are underprepared or haven’t adequately tested their recovery plans.

A panel of 49 economic forecasters expects housing starts will hit 1 million this year and 1.18 million in 2014 as home prices continue to rise.

The Federal Housing Finance Agency should require the government-sponsored enterprises to purchase loans with deeper levels of credit enhancement in exchange for bona fide reductions in guarantee fees and other loan level charges, the Mortgage Bankers Association says.

Credit unions are showing a healthy 5.2% annual growth in lending, but the overall loan-to-share ratio, 57.1%, remains at its lowest point since 1994.

Minnesota would set aside revenue from a proposed cigarette tax increase and corporate tax changes as a backup, should gambling revenue continue to fall short of the amount needed to make payments on bonds for a new Minnesota Vikings football stadium.

Security National Financial Corp.’s residential mortgage business saw a near 30% increase in revenue in the first quarter on a year-over-year basis.

The qualified mortgage rule is a special carve-out to the ability to repay requirement.

Home sales probably rose in April to the highest level in more than three years, extending gains in residential real estate that are giving the U.S. expansion a lift.

The Securities Industry and Financial Markets Association has confirmed the appointment of Judd Gregg as CEO and also appointed Kenneth E. Bentsen Jr. as president of the association.

An unexpected extra in your marketing can get a prospect to re-read it closer.

San Francisco is considered to be the least affordable market in the nation for housing.

The Mortgage Grapevine is a place where people can comment, not just about what is happening in the lending business, but on many other topics, including politics and government.