Originations

Wells Fargo & Co. on Monday agreed to modify more than $2 billion of risky payment option ARMs from two lenders that the mega bank bought during the last years of the decade: World Savings of Oakland, and Wachovia Corp. of Charlotte.

An investment consortium organized by private real estate firm Colony Capital has agreed to purchase two portfolios of commercial real estate mortgages from the Federal Deposit Insurance Corp.

Private-labeled customized sales training programs have an advantage because they represent the voice of the company and thus have a bigger impact, some of those providing that education say.Dale Vermillion, the founder of Vermillion Consulting Inc., explained, “We get to know our clients so well in a customized training environment that we speak their language, we understand their processes, we understand the acronyms they use and the terminologies.

There are three pillars to help identify viable mortgage borrowers and keep them from falling through the cracks and going to another originator: the use of data to provide customer insight, the use of systems for the creation of a better experience and what support can be provided for the loan officer and the customer to make a quick and intelligent decision.

Many things have changed within the mortgage industry, including lenders’ newly found sense of responsibility to mold the level of education for the next generation of borrowers. Describing her company’s current and future strategy in dealing with today’s challenging financial times, Georgette Dixon, senior vice president and director of national partnerships for Wells Fargo, said that the solution is education, especially borrower education.

Bank of America Merrill Lynch is looking to build on AEGON USA Realty Advisors' commercial real estate lending expertise to source new lending opportunities for its securitization program.

Last week's accelerated run-up in yields on the 10-year Treasury had been essentially reversed on Monday, but were still above where they started the month at.

Existing home sales fell 5% in November from the previous month and nearly 26% from a year ago, according to a new report from RE/MAX.

Deutsche Bank is contemplating re-entering the warehouse space, according to industry advisors, the latest new entrant in a business that two years ago had just a handful of players.

The head of Generation Mortgage Co. called the recently enacted changes to the Home Equity Conversion Mortgage program "really positive" and should lead to a successful future.

Since publishing its loan officer compensation rule in September, the Federal Reserve Board has been wary of providing written guidance on compliance issues to the industry — but the Mortgage Bankers Association wants to change that.

Radian Guaranty, the nation's third largest mortgage insurer, said it has expanded its sales force with the addition of six local account managers in what it calls "key" locations across the U.S.

Hudson City Bancorp, one of the largest residential lenders in the mid-Atlantic area, on Friday pulled the plug on its move from a thrift holding company to a commercial bank.

Your Mom was right. It's not always what you say, but how you say it.Next to "Nancy, what's the best way to answer a phone?" the second most often asked question is "Nancy, how important is the tone of voice?"Answer: VERY.

C-BASS founders Bruce Williams and Saul Sanders have formed a new company with the working title of 'Shellpoint' to purchase and securitize jumbo residential loans, industry sources confirmed to National Mortgage News.

Home prices have fallen nearly 4% from October 2009 to October 2010, according to CoreLogic's housing price index, which includes sales of foreclosed properties. Since July, the HPI has declined for three consecutive months.

I know the holidays are a busy time for most of us but I’m proposing that with a little planning and leg work, I’m going to share with you three things that you can do for the next three months so you’ll be ready to take on the world.

In the crowded field of loan origination systems, technology providers have to find a way to stand out. With more than 30 different systems on the market, LOS platforms are not all created equal. The technology demands of a lender originating billions in mortgages every quarter are very different than those of a community lender that takes fewer than 1,000 loan applications a month.

U.S. AgBank and CoBank, two of the five banks in the Farm Credit System, intend to pursue a merger in 2011.

Loan brokers enjoyed a slight gain in their market share during a very strong third quarter for originations, but are still seeing their business come under pressure.