Originations

An effective date for the Internal Revenue Service’s acceptance of electronic signatures on the 4506-T forms that used to check the integrity of borrowers’ submitted tax information has been set for Jan. 7.

However, the third-quarter production results are notable for one other reason: some table funders are showing a huge increase in business, while others are experiencing a sizeable decline.

The CFPB is open about what it looks for when it examines mortgage firms.

Martin Pfeiffenberger gives back to his industry and his community through his commitments.

No, FHA isn't broke, not yet at least, but it may need to delay writing some claim checks to avoid tapping Uncle Sam.

Originators should be developing plans to benefit from the shift back to a purchase market.

In the third quarter Stearns Lending funded $3.1 billion of home mortgages, an 88% improvement over the past 12 months.

In October closed transactions increased 17.8% over October 2011, while the median home price rose 2.1%.

The Consumer Financial Protection Bureau said it will give residential lenders extra time to provide certain new disclosures required under the Dodd-Frank Act.

California home sales were at their highest level since May for the month of October.

As a result of the housing crisis, mortgage originators have been stuck with a very limited set of products to offer their clients.

Not only is FHA hiking premiums, but it will prevent all new mortgagors (going forward) to cancel their MI policy even if the loan-to-value ratio improves during the life of the loan.

First Niagara is scheduled to open a processing center next month in Syracuse.

In the third quarter Triad lost $33.3 million, a slight improvement over the 3Q11 loss of $37.5 million.

During the first nine months of 2012 the Chicago Federal Home Loan Bank processed $4.5 billion of MPF Xtra loans for Fannie, compared to $1.5 billion during the same period in 2011.

The Department of Housing and Urban Development declared that it will announce “a series of changes” Friday that are “designed” to put the FHA fund back in a positive position “within the year.”

After hearing, lawyer found guilty of professional misconduct involving distressed borrowers.

With construction activity, sales and home prices still well below pre-crisis levels, a revival of the U.S. housing sector still faces significant challenges and the benefits remain quite uneven.

The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.

Fannie Mae and Freddie Mac are now cash cows. But where will that money ultimately wind up?