Originations

Discover Financial Services wants to enter the residential origination space, an executive for the credit card company said late this week.

In my testimony I would like to cover three general areas. The first is to correct some myths that have taken hold in discussions about commercial real estate. The second is to highlight current conditions and trends in commercial real estate markets. The third is to note some key factors that will affect commercial real estate markets going forward.

Question: I am having a hard time getting repeat business from real estate agents and builders. My loans take too long and my customers are very unhappy with me. I want to build my repeat referral business with agents and builders, but they are not willing to give me another try.

Sperry Associates Federal Credit Union this week sold The Inn at The Blue in East Marion, N.Y., for $2.02 million, in an REO sale.

Private equity and joint venture firms are once again starting to make inquiries about buying mortgage banking companies, hoping to pick up bargains as nonbanks see their volumes slow.

The Small Business Administration on Thursday launched a new $15 billion program to help entrepreneurs facing yearend balloon payments on their commercial mortgages.

Astoria Federal Savings and Loan Association is getting back in to the multifamily lending business in the New York metropolitan area, starting with hiring away a team from Sovereign Bank led by Gary M. Honstedt.

The average rate for a 30-year fixed-rate mortgage dropped slightly to 5% with 0.7 of a point during the week ending Feb. 17 from 5.05% the previous week, according to Freddie Mac.

Stewart Information Services Corp., Houston, earned $10 million in the fourth quarter as operational efficiencies in its core title business helped to drive an increase in pretax profits over the same period in 2009.

For the first time, mortgage lenders and other creditors will have access to a consumer’s rental payment history, thanks to Experian. The company, which acquired a credit bureau for the multifamily industry last year, is now able to take the data from that bureau and put it into consumers’ credit files.

Congress never intended federal regulators to set high down payment requirements on 'qualified residential mortgages,' according to three senators who wrote the original QRM language.

It’s been said that if you get four leads (phone calls, pre-apps), three of those leads will take anywhere to three to six months to buy a home (or refinance). Out of those three leads, 90% of them won't end of doing business with you!

Wells Fargo & Co. has dramatically lowered credit score requirements for Federal Housing Administration mortgages, the first major lender to do so following pressure from the agency and housing advocates.

California home sales increased 5% between December and January but the median transaction price fell by almost 9%, according to the California Association of Realtors.

More Americans today have no retirement savings and/or no personal savings than 18 months ago, a recent Harris Poll survey found.

In our past few articles, we have been discussing the one sentence that will generate more clients for you. Here’s the sentence: People will do anything for those who encourage their dreams, justify their failures, allay their fears, confirm their suspicions and help them throw rocks at their enemies.

January's frigid weather didn't stop Houston's home buyers, who heated up the market with the first year-over-year increase in sales since June.

Multifamily housing starts took off like a rocket in January, rising 80% while single-family starts fell 1% during the month, according to new government figures released Wednesday morning.

Higher mortgage rates are starting to take their toll on the origination business.

The Federal Housing Administration is making it easier for existing FHA borrowers to qualify for a streamline refinancing while capping increases in the loan amount.