Originations

Everyone always asks, “When will this change?”But it is the wrong question to ask. The correct question is: “When will I change?”The good news: You’re in control. To me, this is very good news. At least it’s up to me and I won’t be waiting around for somebody else to find the time to help me.

Mortgage companies shed 900 full-time employees from their payrolls in August, even though refinancing applications are now on the rise at many shops.

The U.S. housing glut is being compounded by the lowest rate of household formation since 1947, according to an IHS Global Insight report.

The New York State Banking Department reports the total number of delinquent homeowners has doubled to 134,000.

Analysts at Keefe, Bruyette & Woods feel the problems involving foreclosure documentation will not have an impact on title insurers, they said in a third quarter earnings preview report.

What if you had a real, honest to goodness reason to join (attend) networking groups? I know, I know. Networking can be fun. It can also be a pain in the butt. It cuts into family activities. You have time constraints.

Average rates for 30-, 15- and five-year Treasury-indexed mortgages have once again fallen to lows never before seen in Freddie Mac’s closely watched primary market survey.

The share price of mortgage insurer PMI Group continued to trade upward Thursday morning after it was revealed that hedge fund manager Leon Cooperman has amassed a 5.3% stake in the company.

PHH Corp., which controls the nation's eighth largest servicer, is likely to take a $100 million writedown on the value of its mortgage servicing rights in the third quarter, according to a new research report from FBR Capital Markets.

Bank of America, which stunned the mortgage industry Tuesday by exiting the wholesale channel, says the credit quality on its broker-source loans is quite good, but it will exit the channel nonetheless.

Prospects in the global real estate sector are "dismal" and the downturn could last for up to eight years, according to a new warning from the International Monetary Fund.

The Mortgage Bankers Association reported a net loss of $16.4 million for its fiscal year ending Sept. 30, 2009, almost double the loss of the prior year, according to its tax Form 990.

The National Housing Conference is urging the Treasury Department and Federal Housing Finance Agency to remove restrictions on Fannie Mae and Freddie Mac's multifamily programs.

Consumers appear to be showing a renewed interest in actually buying a home — as opposed to refinancing — according to new weekly application figures compiled by the Mortgage Bankers Association.

You’ve no doubt been inundated with communication about the changes occurring within the reverse mortgage industry. Making its appearance just this week is the HECM Saver in addition to the new principal limit factors which are now in place. We can speculate and look at various predictions about how this will affect the reverse mortgage business overall, but what does it mean to you, the individual originator?

Because of financial reasons, 45% of workers in poor health are planning to delay their retirement, a survey from Towers Watson found.This is the largest group of those who said they are planning to work longer than expected. The next largest is older workers.

Bank of America Home Loans – the nation's third largest wholesale lender – said it will cease originating mortgages through loan brokers immediately, calling it a "strategic decision," allowing the company to focus on retail lending.

Commercial mortgage-backed securities delinquencies overall rose above 9% for the first time ever in September, but multifamily delinquencies fell, according to new data released Tuesday by Trepp.

The seasonally adjusted 30-day delinquency rate on home equity lines of credit held steady at 1.88% at June 30, hardly budging from the first quarter, according to new figures released by the American Bankers Association.

TD Bank, Portland, Maine, said it will add 75 full-time positions to its mortgage operations center in Lexington, S.C.