Originations

Under the Consumer Financial Protection Bureau plan, lenders would need to respond to virtually every public complaint — even those by consumers, disgruntled employees, and competitors that abuse this forum.

ReadyCap Lending has acquired CIT Small Business Lending from its parent CIT Group, including $1.3 billion in servicing rights on loans guaranteed by the U.S. Small Business Administration.

The Consumer Financial Protection Bureau worries that mini-correspondent lenders are circumventing its qualified mortgage rule. But a large number of mortgage brokers converted to mini-correspondents because the rule made it harder to operate as a broker.

Republic Bancorp reported a slight bump in second-profits due to modest loan growth but results were tempered somewhat by a sharp drop in mortgage banking income.

Wells Fargo & Co. and JPMorgan Chase & Co. , the behemoths of the U.S. mortgage market, are surrendering more business to nonbank lenders.

Loan officers should be keeping in touch with their current and past customers on a regular basis. But there are several common mistakes they are making.

The Senate overwhelmingly passed a bill Thursday to extend the Terrorism Risk Insurance Act, as divisions over a competing measure continue to stymie House leaders.

Property valuation fraud risk in the first quarter was up from a year ago, while mortgage fraud risk remained unchanged, according to an Interthinx report.

Beginning home construction unexpectedly declined in June to a nine-month low as a record plunge in the South swamped gains in the rest of the U.S.

Nonbank mortgage lenders pose greater risks to Fannie Mae and Freddie Mac because they have limited government oversight and generally weaker finances than banks, according to a government watchdog report.

Like the ER, the mortgage process starts out with a high degree of both anxiety and frustration, especially at the beginning.

The Consumer Financial Protection Bureau's guidance on the growing mortgage mini-correspondent business has scared some originators to the point that they are considering converting to branches of larger retail lenders.

MGIC Investment in Milwaukee reported a nearly fourfold jump in income for the second quarter driven primarily by lower incurred losses as new insurance increased.

HomeStreet Bank will provide home loan financing and homeownership education to students, alumni and staff of Western Governors University Washington.

Confidence among homebuilders rose more than forecast in July, reaching the highest level in six months, as growing payrolls brightened the outlook after a shaky first half.

Mortgage applications decreased last week from the previous week, led by a drop in purchase loan requests.

First Commonwealth Financial Corp. in Indiana, Pa., has launched a new residential mortgage banking division.

"The real question for me is should we be in the FHA business at all," the CEO says.

PennyMac Mortgage Investment Trust has entered into a repurchase agreement with Bank of America to finance roughly $550 million in newly originated mortgage loans, though its subsidiary PennyMac Operating Partnership.

The Federal Home Loan Bank of Chicago is launching a pilot program soon to buy home loans and issue Ginnie Mae securities. The program could allow community banks and credit unions to stay in the mortgage business.