Originations

A debtor in bankruptcy proposes a Chapter 13 plan to strip a second mortgage as unsecured and is found to be still in good faith, the CFPB proposes rules that could make life more difficult for lenders and originators, five states loom large in foreclosures, two foreclosure-related bills move forward in California, and various types of mortgage-related fraud allegations in different areas continue to move through the court system.

The question most people seem to be asking is whether the flat origination fee proposal is going to become law. While I do not have a crystal ball, here is my take on it: The CFPB will certainly err in favor of certain consumer groups over the industry, but won't do so when there is little to gain.

It’s spring and mortgage rates have tanked once again, spurring loan applications to spiral upward.

Ellie Mae registered a $60 million primary offering and a secondary offering of 1 million shares of common stock, a move that precedes a potential prospectus filing by the Pleasanton, Calif.-based mortgage technology vendor.

According to the DOJ’s investigation, SunTrust violated the Fair Housing Act and Equal Credit Opportunity Act by charging more than 20,000 African American and Hispanic borrowers higher fees and interest rates based on their race and not on borrower risk.

How many houses would be built if it cost $1 million apiece to build modest single-family homes?

Businesses went knocking on banks' doors to ask for more loans over the past few months, boosting optimism that demand would continue to rise in the coming year.

The approaching hurricane season could damage roughly four million residential properties whose estimated value exceeds $700 billion.

New figures compiled by the National Mortgage Licensing System show a wide difference between the operations of state-licensed mortgage companies and depository mortgage lenders.

The interest rate on a 30-year fixed-rate loan fell to 3.67% for the week ending June 7, an eight basis point decline from seven days earlier.

Being flat on your back for a couple of weeks gives you a lot of time to observe things, especially when it comes to marketing.

GMH Mortgage Services hired industry veteran Karen Bausman as its new president.

Is the Consumer Financial Protection Bureau lost when it comes to reengineering how loan officers and brokers can make a living? The words “confused” and “disorganized” are being used to describe the agency’s recent meetings with 17 professionals representing the “small” lending part of the industry.

The Consumer Financial Protection Bureau on Thursday will hold a second conference within two days with 17 small lender participants who are slated to give the agency commentary regarding its controversial mortgage compensation rule.

When devising a mobile strategy, firms should pay close attention to three strategies that will help their mobile development succeed.

New technology and approaches are making automated valuation models more accurate.

The stock market roared Wednesday and the yield on the benchmark 10-year Treasury jumped to 1.67% in afternoon trading, thanks to better economic news out of Europe.

Appraisal management is still not perfect but it continues to improve, and it has come a long way from where it was just a few years ago, according to Judy Wheatley, a senior vice president at Indecomm.

Although loan originations are booming at Caliber Funding, the lender recently gave walking papers to a regional production manager and a division manager.

Two weeks ago, when industry officials met with the Consumer Financial Protection Bureau to discuss the agency’s proposals to reengineer how loan officers and brokers can make a living, it was a nightmare – a nightmare in the sense that few in attendance thought the agency understood the issues at hand.