Originations

ATLANTIC CITY, NJ—Even though mortgage brokering is a very local business, if one thing could be taken away from the Northeast Conference of Mortgage Brokers here is that now more than ever, no matter what state they are licensed in, originators are facing similar issues.This is in no small way due to the passage of the SAFE Act, which in turn created a national set of standards for states to model their mortgage laws upon.

Doug Benner, whose 2010 volume has already surpassed last year’s, is taking steps to source where his business will come from in the future.There are plenty of quotes and clichés about those who fail to adapt and change being left in the dust. Doug Benner, senior loan officer with Embrace Home Loans, knows that by being willing to adopt the latest marketing trends, he will stay ahead of the game.

House price appreciation may not be what it used to be, but most participants in the National Association of Realtors' annual profile of buyers and sellers still believe home ownership is a sound investment.

Settlement service fees for mortgage originations haven't budged much since new Real Estate Settlement Procedures Act policies took effect at the beginning of the year, according to a new study.

Due out in eight days, the annual Federal Housing Administration actuarial review could point to the future role government will play in housing finance.

United Guaranty Corp., the Greensboro, N.C.-based mortgage insurance subsidiary of American International Group, posted a third quarter pre-tax loss of $124 million.

In its first full quarter as a standalone company, CoreLogic reported a net loss of $93.4 million, the result of a $174 million impairment charge related to its employer and litigation services businesses. It took in revenue of $484.3 million.

Following two straight months of improvement, pending home sales dipped 1.8% nationally in September, the National Association of Realtors reported.

The National Credit Union Administration plans to offer another $5.48 billion of guaranteed notes next week, its third offering over the past month of bonds created from the cash flows of MBS owned by failed corporate credit unions.

The new president of the National Association of Realtors says it's time for residential lenders to start getting real.

Redwood Trust, the only company to securitize jumbo loans during the past two years, has pushed backed its second deal to early 2011 because of a lack of available product.

We have all heard this statement: If I just knew then what I know now, I would be doing that; well are you? Have you made the change?How about this updated version: Everything you know now that you wish you had known then you need to take action immediately to adjust yourself to the new and current level of knowledge. Now!

The Federal Housing Administration's Mutual Mortgage Insurance Fund ended fiscal year 2010 in better financial shape than its auditors expected with the agency projecting foreclosure claims peaking in the summer of 2011.

Although the nation's labor markets are beginning to stir to life, mortgage banking and brokerage companies added just 900 new full-time jobs during September, according to figures released Friday morning by the Bureau of Labor Statistics.

The federal government may need to spend upwards of $700 billion to resolve Fannie Mae and Freddie Mac and then create a new government "entity" to replace them, according to a report from Standard & Poor's.

Foreclosure-related problems could cost a quartet of U.S. banks $26 billion, according to a report published by analysts at Goldman Sachs, which noted that Bank of America will feel more than half of those losses.

Bank of America funded $72 billion of home mortgages during the third quarter, a slight decline from 2Q, the company reported Thursday.

Commercial and multifamily mortgage originations are at their highest level in nearly two years -- driven by sequential growth in the health care and multifamily sectors.

Will the Federal Reserve's $600 billion worth of "quantitative easing" lead to yet another significant dip in mortgage rates? Probably not, but loan rates may continue to fall, at least slightly.

WASHINGTON — With the GOP's sweeping victory in the mid-term elections, observers were already questioning the fate of Treasury Secretary Tim Geithner in the new Congress.