Originations

Correspondent banking remains a tricky and risky business, but a growing number of bankers believe it can be lucrative.

Uncertainty surrounding the economy, the election and other concerns are keeping some potential borrowers on the sidelines, including homebuyers.

Fannie Mae and Freddie Mac Tuesday morning unveiled new representation and warranty policies that relieve seller/servicers of any repurchase risk if the borrowers make 36 months of consecutive on-time payments.

Fannie Mae and Freddie Mac—under the auspices of FHFA—are issuing to their seller/servicers relief from onerous representation and warranty clauses on loans they purchase with particular emphasis on mortgages that are current for at least 36 months.

Senate Democrats are trying to revive a mortgage refinancing bill—for Fannie Mae and Freddie Mac borrowers—by reintroducing a slimmed-down version of the measure.

After hitting rock bottom in the real estate bust, commercial mortgage-backed securities financing is making a comeback.

Cashmere Valley is turning to outsourcing to help make sense of the complicated legislation that after two years is still developing as provisions get delayed, clarified or rewritten. For banks with assets of less than $10 billion, it's not even clear which parts of the law apply.

3Rivers Federal Credit Union in Fort Wayne, Ind. will use the Web-based end-to-end loan origination system developed by LendingQB.

Fitch, Kroll and Moody’s Investors Service have issued presale reports on the latest transaction from the only consistent issuer of private-label mortgage-backed securities deals since the downturn.

Land Home Financial Services entered into a $20,000 settlement with the HUD over alleged violations of the Fair Housing Act involving an application where the wife was on maternity leave.

The Federal Housing Administration appears to be in process of a changing a March directive that made it more difficult to process refinancings.

Title insurance underwriters saw the volume of premiums written during the second quarter increase by $456 million over the same period last year, according to the American Land Title Association.

The recovery in the multifamily sector is hitting on all cylinders with rents rising, vacancies falling, and accelerating construction, while the single-family market is still on a slow path of revival.

The Consumer Financial Protection Bureau offered new details about how the agency will examine large credit-reporting firms.

Plenty of mortgage banking firms are lining up to get their Ginnie Mae approvals so they can issue government-backed mortgage bonds and service the underlying loans.

Wells continued to be an origination powerhouse in the second quarter, funding $131 billion of new home mortgages and setting yet another record in quarterly market share.

Fannie Mae Chief Economist Doug Duncan explains the correlation between rising student loan debt and its impact on household formation and mortgage originations.

The Treasury Department announced Sunday that it is getting ready to sell $18 billion of the stock it purchased in American International Group, a move that will result in the government owning less than 20% of the insurance conglomerate.

Housing bond volume jumped 36.1% between the first half of 2011 and the first half of this year.

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