Originations

The Consumer Financial Protection Bureau's new notification requirements for property valuations have rekindled old debates over appraisal alternatives and are expected to add costs alongside yet another layer of mortgage litigation risk.

Total Mortgage Services hired industry veteran Andy Pettola to head up its rebranded wholesale lending business.

Life insurers have gotten burned in commercial lending before, but spectacular credit performance is reinforcing their persistent love of the niche.

Uncertainty about the qualified mortgage rule has created an opportunity for expansion-minded retail lenders to recruit salespeople and branch office teams by emphasizing compliance rather than compensation in their pitches.

Prices for single-family homes rose in 73% of cities in the fourth quarter, fewer than in the previous three months, as surging values in the past two years started to reduce affordability.

This has cost real estate agents in Tuscaloosa, Ala. nearly $10 million in commissions, the author says.

There were 385 more new notices over December but a higher number of loans cured and more claims were paid.

Serling will be charged with providing Situs with business development opportunities relating to commercial mortgage-backed securities bond investors.

The real estate industry should distance itself from presenting the purchase of a primary residence as “the biggest investment of one’s life.” Rather, homeownership provides an incentive to save.

Horizon Bancorp in Michigan City, Ind., completed an all-cash transaction to acquire the entire portfolio of 1st Mortgage of Indiana's assets.

Lenders should consider carefully the potential for originators to steer borrowers from closed-end products into open-ended loans.

Banks are looking at a regulatory plan to dramatically expand the data collected on mortgages as a potential ally in their battle to ease separate rules that they say will curb access to credit.

The success of your mortgage origination business may very well depend on making changes to certain components of your operation.

There are plenty of companies waiting for a secondary mortgage market to develop for these high-margin loans.

JPMorgan Chase. is offering $390 million of nonperforming loans as banks including HSBC Holdings and Regions Financial increasingly look to sell troubled mortgage debt.

Sensing an opportunity created by tight credit conditions, the giant servicer will buy "nonagency, nonprime" loans from the mortgage cooperative Lenders One, a mortgage cooperative with close ties to the servicer.

A former head of commercial real estate at Wilmington Trust Corp. was charged with bank fraud, bribery and money laundering, the Office of the Special Inspector General for the Troubled Asset Relief Program said.

The Mortgage Insurance Companies of America’s membership had dwindled to three of the industry's eight companies.

Residential builders boost hiring in January, which could be a good sign for housing market.

The bureau wants to expand data collection to detect troublesome trends and effectiveness of QM rule.