Originations

Government-backed loans continued to grab a larger slice of the mortgage market last year, according to new Home Mortgage Disclosure Act data released last week.

The latest September remittance data according to Barclays show delinquencies of more than 60 days on commercial mortgage-backed securities have continued to climb.

The Independent Community Bankers of America on Thursday named Freddie Mac veteran Ron Haynie president and CEO of its residential finance unit, ICBA Mortgage.

Elizabeth Warren, the top Obama administration official in charge of setting up the Consumer Financial Protection Bureau, made it clear late Wednesday that she intends to target financial disclosures as one of her top priorities.

The House of Representatives approved a continuing funding resolution early Thursday morning that extends the $729,750 maximum loan limit for Fannie Mae, Freddie Mac and Federal Housing Administration single-family loans until Sept. 30, 2011.

The average primary rate for a 15-year fixed-rate mortgage set a new survey-record low during the week ending Sept. 30, according to Freddie Mac.

Mortgage Harmony Corp., a provider of residential mortgage products, has formed a partnership with Credit Union Mortgage Association, a full-service mortgage company, that will enable the company to offer the Harmony Loan to its more than 40 credit union members based mostly in the Greater Washington, D.C. area.

Are you experiencing withdrawal symptoms because the homebuyer tax credit incentives have come and gone? Think of this as your mid-year business planning session. You’ve got to keep the momentum going because you can’t always rely on “the next big thing” to boost your business.

Servicers may be missing out on mortgage technology advances of the past few years due to capacity pressures and HAMP compliance challenges.

JPMorgan Chase & Co. said Wednesday that it is halting 56,000 foreclosures in process, pending a review of whether employees properly signed and verified information in foreclosure documents.

Fannie Mae issued $48 billion of mortgage-backed securities in August, a 12% increase from July with the GSE also reporting improving delinquency numbers.

NorthStar Alliance recently stopped funding loans due to a lost warehouse line and is seeking new financing, a source at the company confirmed.

Representatives of Freddie Mac and Fannie Mae bandied about some big numbers during a session I recently attended at the New England Mortgage Bankers Conference in Providence, RI.

Lewis Ranieri, one of the co-inventors of the MBS, says in a new letter to Congress that a national 'rent-to-own' program could help alleviate the national foreclosure crisis.

With loan brokers afraid of getting squeezed by new compensation rules, one industry consultant sees a way they can collect reasonable origination fees and stay competitive: by getting borrowers to pay them directly.

Retirement security is a top concern among Americans and could be an important issue in the upcoming elections, a recent survey found.The poll, commissioned by Americans for Secure Retirement, found that nearly half of those surveyed found they are very concerned about being able to maintain a comfortable standard of living throughout retirement.

Mortgage application volume declined by 0.8% on a seasonally adjusted basis last week, as fewer borrowers take advantage of record low interest rates to refinance, according to new figures released by the Mortgage Bankers Association.

Mortgage bankers are making money hand-over-fist on their new originations these days, and profit margins continue to be fat thanks to a low cost of funds and the ability to heap on all sorts of fees.

Wealthbridge Mortgage, Beaverton, Ore., will close its doors and lay off staff after a deal to sell the nonbank lender fell apart.

Great Oak Lending Partners, a forward and reverse mortgage lender based in Timonium, Md., has acquired 1st Maryland Mortgage Corp., Damascus, Md. Terms of the deal were not disclosed.According to Reverse Mortgage Insight, Great Oak was ranked No. 1 in Maryland for reverse mortgage production and volume for the fiscal 2nd quarter of 2010.