Originations

Mark Maiocca looks to give borrowers the opportunity for financial growth whichhis family didn’t have when he was growing up.

The residential finance division of JPMorgan Chase plans to roll out a new mortgage origination technology platform next year.

The decision means the company must prepare to defend itself against allegations by the Federal Housing Finance Agency of wrongdoing in the sale of securities backed by residential mortgages.

Want to see a CFPB audit exam of a mortgage banking firm? As they say in Brooklyn, forgetaboutit.

Stonegate Mortgage Corp., Indianapolis, this week hired Rob Wilson as senior vice president of loan acquisitions.

Signs are evident that health is returning to the housing and mortgage markets as the days of no downpayment, speculators and strategic defaults are fading.

Residential Capital LLC won court approval to sell its mortgage-servicing unit to Ocwen Financial for $3 billion after putting off a fight with loan investors and resolving other objections.

Negative equity in the third quarter experienced the largest quarter-over-quarter decline since the first three months of 2011.

The Government National Mortgage Association has loss reserves of roughly $357 million.

Builders are reporting increasing demand for new homes as inventories of foreclosed and distressed properties begin to shrink in markets across the nation.

Among residential lenders, JPM’s mortgage division, Chase, ranks second nationwide.

Credit Suisse analyst Moshe Orenbuch writes in a new research note that management at Wells Fargo is "optimistic about the overall positioning of the mortgage business.”

The Consumer Financial Protection Bureau and the Federal Trade Commission have sent out warning letters. If you got one, it's too late.

Navy Federal Credit Union said it funded $1 billion of residential loans in October, a record for the company.

The Consumer Financial Protection Bureau said it will issue warning letters to at least 12 mortgage banking and brokerage firms that it says broke federal law in advertising loan products to consumers.

Wheeler Real Estate Investment Trust Inc. has priced its initial public offering of over 3 million shares of common stock at $5.25 per share.

The median price of a home sold was $178,600 in October, up 11% from a year ago.

It looks like smooth sailing ahead for profitability in the jumbo space.

Fitch Ratings is keeping Genworth Life Insurance with a negative rating outlook in large part because of the “continuing, albeit lower” losses at its private mortgage insurance sister company. But it believes management will still provide capital to the troubled unit.

A thorough, complete, integrated quality control / risk management program consists of three components: pre-funding quality control/fraud prevention; post funding quality control; and quality control using a targeted sample.