Originations

Heritage Pacific Financial Inc. a Texas company is aggressively pursuing hundreds of Californians to collect second mortgage debt on homes they’ve already lost through foreclosure.

THE RAJ DATE SAGA CONTINUES: We’re told that the National Association of Mortgage Brokers is very concerned with the recent broker bias comments from CFPB deputy director Raj Date. One NAMB official said the trade group “has sent a letter to the CFPB regarding the comments and have formally requested a meeting to discuss."

Residential Capital has rejected Warren Buffett’s offer to be the initial bidder in proposed auctions of ResCap assets.

RealtyTrac released its May U.S. Foreclosure report, which emphasized the first year-over-year increase in foreclosure starts in 28 months. What does this mean?

These days, many lenders’ licensing and legal departments are larger than what they were budgeted for, and adding efficiency without adding head count to the back office must be a priority.

Housing markets are showing credible signs of a revival that still is “in the early innings,” according to the State of the Nation’s Housing 2012 report released by the Joint Center for Housing Studies of Harvard University.

To hear some nonbank lenders talk about the Consumer Financial Protection Bureau you would think they were dealing with Dracula or something.

NMN sister publication Mortgage Technology has recognized top-performing industry companies for more than a decade, dating back to when its “Top 100 Technology Vendors” list debuted in the July 2002 issue.

One thing you can always count on from Washington—there will be plenty of regulatory activity after a crisis happens rather than before when it might be useful.

A federal court panel said Bank of America can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker and Colonial Bank in a multibillion-dollar fraud.

Maybe they ought to change the name of television show “Hot in Cleveland” to “Hot in Miami.”

The Mortgage Bankers Association has formed a select committee to find a replacement to departing president David Stevens with 15 candidates being thrown into the pool.

Is 68 years young the time to re-enter the wild and wooly world of mortgage banking? Answer: It is, if your name is Bill Starkey Sr. and you feel the current “down market” offers so much opportunity that it can’t be ignored.

The Census Bureau said the number of housing units in the U.S. increased a scant 0.36% last year to 132.3 million.

Real Estate Mortgage Network Inc. has launched a correspondent lending division to be operated out of its wholesale fulfillment center.

The one company to consistently aggregate jumbo loans for securitizations since the downturn has received an originator assessment from Moody’s Investors Service that finds it is “above average.”

Costco has started to offer mortgages through approved lenders and heavily marketing the program to its 68 million members.

Average fixed mortgage rates reversed course and inched up in Freddie Mac’s weekly survey, ending a run of record lows in recent weeks.

Three attorneys and a former attorney pleaded guilty in Manhattan federal court for conspiring to commit wire and bank fraud in connection with a $66 million mortgage fraud scheme.

If CFPB is successful in killing nonbank brokers who’s to say the agency won’t go after nonbank servicers next? That would mean all those REITs buying MSRs might be in danger.