Originations

A trend toward increased debt in general on the part of borrowers becoming eligible for reverse mortgages is something lenders that want to stay the course in this niche have to adapt to, and two veteran originators now entering the funding business believe the answer lies in careful underwriting.

Capital One Financial Corp. will acquire $41 billion of mortgage loans and $20 billion in various types of MBS as part of its $9 billion purchase of ING Direct USA.

Stonegate Mortgage Corp., Fishers, Ind., this week hired industry veteran Dan Bettenburg as its new president.

PNC Mortgage said it has hired Lynette Hale-Lee from Prospect Mortgage to run the bank-owned lender’s Western regional area for strategic partnerships.

When the largest lender –by far – in a mortgage niche exits the sector it usually signals that trouble is afoot. But according to the head of the National Reverse Mortgage Lenders Association, Wells Fargo’s exit from the reverse business is not a death knell.

What McDonald's did for restaurateurs, LenderCity wants to do for mortgage originators.

Not every bank is heading for the hills when it comes to reverse mortgage lending.

The Washington, D.C., metro area, shown in many house price indices as one of the few markets where values are growing, is continuing its upward and onward trend, according to one forward looking benchmark.

Even though the single-family rental market is becoming a popular trend during these troubled times in the housing industry, there is still a desire for Americans to become homeowners at some point.

A few years ago, a growing number of voices were asking whether there was still a need for FHA, or if the private market could fully absorb its functions. MBA never wavered in its support for the critical mission FHA performs and the last few years have underscored this point many times over.

It is amazing how often respected employees are considered above reproach and not confronted regarding their inappropriate behavior. We are quick to forgive them their legal or ethical indiscretions because they have earned our respect through their otherwise upright actions.

After months of rumors, Wells Fargo & Co. — the nation's largest originator of reverse mortgages — made it official confirming that it is leaving the sector, but will remain as a servicer.

The average rate for a 30-year FRM inched up one basis point to 4.5% after eight weeks of consecutive declines, according to Freddie Mac's closely watched survey.

Mortgages Services III, Bloomington, Ill., this week confirmed that it purchased Pinnacle Home Mortgage, an Illinois mortgage brokerage shop with seven full-time loan officers.

For the first time since the housing market collapsed in South Florida, less than 50,000 residential properties are listed for sale.

Home sales in the Golden State fell 6% in May from the prior month with the California Association of Realtors blaming tightened financing conditions and the weak economy for the decline.

The financial bloodbath that could have occurred in the commercial real estate market will be averted as long as federal regulators continue their look-the-other-way policy when it comes to lenders and their troubled borrowers, the head of a San Diego workout firm told a group of real estate journalists in San Antonio.

Virtually all of the mortgage industry marketing experts agree that producers need to have a viable social media strategy to be successful going forward. That is because the consumers are looking for one.

Housing starts rose 3.5% in May to a seasonally adjusted annual rate of 560,000 units, retracing almost half of April's steep decline, according to figures released by the Commerce Department.

While the biggest real estate broker show in the U.S. is the National Association of Realtors annual convention, there are many local Realtor associations that hold their own, mini-trade show that showcases their vendors and suppliers, including mortgage companies.