Originations

The championship event for marketing.

The Lender Processing Services Home Price Index for November is up a mere 0.5% from October, but when compared with November 2011, it is up 5.5%.

A poster on the Mortgage Grapevine was offered a contract by an investor that subjects the broker to a buyback if the borrower defaults or is delinquent up to six months.

Technology and closing cost data provider Ernst has received a U.S. patent for its recording fee and tax calculators used in tracking mortgage forms.

Peachtree Hotel Group has embarked in a fast-growth strategy that has been 24 months in the making and will continue in 2013.

An executive at one industry vendor finds the definition of property values in in the midst of a transition.

Long-term rate-indicative 10-year Treasury note yields touched 2% for the first time since April as orders for durable goods in the U.S. rose more than forecast.

The Department of Justice charged nine New Jersey residents for operating a large-scale mortgage fraud scheme that caused losses of approximately $10 million.

The shareholders of Accredited Mortgage Loan REIT Trust Inc. have approved the plan of liquidation for the business.

The National Association of Realtors’ leading indicator of future existing-home sales fell 4.3% in December after a four-month updraft.

Note that it can only be a small percentage of a loan officer's income and it cannot be used to pay a bonus on the terms of the loans closed by the originator.

zIngenuity Inc. has acquired an undisclosed mortgage guarantee captive reinsurance company which is domiciled in the Turks and Caicos Islands.

An originator who posts on the Grapevine is asking for help regarding a compensation issue he or she is having with a former employer.

Homeowners will see increases in the rates they pay for flood insurance soon, if they haven't already, with owners of vacation homes seeing the biggest jump.

Potential fraud activity is on the rise nationally that lenders should be wary of during the mortgage loan application process.

A trend of sequential increases in credit-risk-related provision expenses by the largest U.S. banks reported in the fourth quarter will likely continue through 2013.

SunTrust Mortgage is putting more resources into its call centers as a low-cost way to reach potential customers nationwide.

Increased capital requirements for financial institutions were designed as a safeguard against banking system risk, but they also are holding back community banks’ ability to contribute to a housing recovery through origination.

The National Association of Mortgage Brokers' NAMB National conference in Las Vegas was the best attended the organization had in years. During the show, Origination News met with the group's board and discussed NAMB's repositioning, new regulations and the future of wholesale.

It is time to create training programs to attract newcomers to the business.