Originations

A House Financial Services Subcommittee Wednesday approved eight separate bills to reform and downsize Fannie Mae and Freddie Mae.

Mortgage application volume decreased by 2% on a seasonally adjusted basis for the week ending April 1 — although purchase business increased to the highest level of the year, according to figures compiled by the Mortgage Bankers Association.

Bond fund giant PIMCO is launching a new real estate finance company, and plans to raise up to $600 million through an initial public offering of stock, according to a new fling with the Securities and Exchange Commission.

Wells Fargo & Co. originated $44.8 billion of commercial real estate loans in 2010 — including $8.5 billion of multifamily product — once again ranking first among all lenders in the sector, according to figures compiled by the Mortgage Bankers Association.

Weakness in the housing market did not stop the economic recovery from gaining a "firmer footing" during February and the first-half of March, according to the minutes of the Federal Reserve's monetary policy committee.

While shaken, consumers' sense of obligation to the mortgage contract remains strong, according to the results of a market survey conducted last summer on behalf of Wells Fargo Home Mortgage.

We seem to be bombarded daily with some new fangled way to generate business. We are not even talking about all of the hype most products and programs have. That’s for a whole separate article.

Reduced income was the top hardship seniors faced in 2010 according to a study of 57,000 financial assessments made by those 55 and older with GreenPath Debt Solutions.

A U.S. Appeals Court in Washington late Tuesday night lifted a stay halting the Federal Reserve's controversial loan officer compensation rule, saying the plaintiffs in the case – two broker trade groups – did not "satisfy the stringent" requirements required to continue that stay.

Two Chicago Bancorp executives this week acquired the charter and assets of Generations Bank, an FDIC-insured savings bank based in Overland Park, Kan., and plan to ramp up production of both residential and commercial loans.

A U.S. Appeals Court in Washington late Tuesday night lifted a stay halting the Federal Reserve’s loan officer compensation rule, saying the plaintiffs in the case – two broker trade groups – did not “satisfy the stringent” requirements required to continue that stay.

Want to be recognized among your peers as a top producer? Origination News is collecting information for its annual issue listing the industry's most prolific originators, which will appear in June.

Shore Financial Services Inc., a wholesale and retail mortgage banking firm based in Birmingham, Mich., has hired Kip Kirkpatrick as its new chief executive officer.

KB Home, the Los Angeles-based homebuilder, said Bank of America, its partner in a mortgage banking joint venture, approached it during its first fiscal quarter asking to restructure the relationship.

The spring home buying season is off to a slow start, real estate agents reported in a new monthly outlook survey.

The FHA has critical lending programs for homebuyers, particularly first-timers, but will have to stop endorsing new mortgages if Congress cannot agree on a budget deal with the White House by midnight Friday and the federal government is forced to shutdown.

WASHINGTON—The Federal Housing Administration has been the “go-to” lending program of choice for homebuyers—especially first-timers—for the past few years. But that may be changing due to tighter government credit standards and higher mortgage insurance premiums.

The main reasons businesses look to market their services is to demonstrate what makes them stand out from the crowd, the stuff that makes them different from their competition.According to one marketing expert, small businesses are failing at this.

For thrifts that have long harbored ambitions of converting to commercial banks, an upcoming regulatory merger is forcing hard decisions.

Two broker trade groups filed their arguments in an appellate court Tuesday morning, hoping to stop the Federal Reserve Board's controversial rule on how loan officers are paid. A decision could come by close of day.