Originations

The chief economist sees little pickup in purchase mortgage lending.

Revenue exceeded spending by $53 billion last month, compared with a $1.2 billion deficit in December 2012, the Treasury Department said.

Jan. 10 has brought nine tough new servicing rules from the Consumer Financial Protection Bureau.

The bank hires Dan Smith, formerly of BrightPath Mortgage, to run this business.

In order to put the flood of government-related mortgage litigation behind them, banks will be forced to increase their litigation reserves.

The investor says by its calculations the unsolicited bid is too low by at least $1 per share.

While compliance has been properly viewed by most as merely a cost for lenders, it may very well become an investment critical to engaging in the most profitable form of lending.

Aggregate 30- and 15-year conventional prepayment speeds in December were up from the previous month but by less than expected, and Ginnie Mae speeds also were slower than anticipated.

New tool helps lenders meet regulatory expectations and build a unique settlement agent list updated with real time risk status.

Some banks will be leery about originating loans to the self-employed because they can't document their ability to repay, but others insist that such loans, even outside of QM, are too lucrative to ignore.

If you look on the bright side, you will realize that this year has all the makings of a potentially incredible year.

There ought to be some flexibility to allow negotiated loan fees. But in these highly regulated days, nothing is easy.

A steep drop in refinances and declining purchase activity are taking a toll on Federal Housing Administration endorsements.

A floating-rate loan on the Fountainebleau Miami Beach backs the single-asset commercial mortgage-backed securities deal, according to a Standard & Poor’s presale report.

If current trends persist, the delinquency rate of securitized commercial mortgage loans could fall another two percentage points to below 4% by December 2014, according to Fitch Ratings.

FCI Lender Services' Gordon Albrecht has long focused on areas mainstream players eschew, and right now he is helping servicers manage liabilities and costs intensified by Jan. 10's regulatory deadline.

Loan officers won’t be looking for leads as much as sophisticated technological support and the tools needed to be successful from their lenders.

Thomas Provenzano, foreclosure, Department of Justice

The unit is being created to help servicers comply with the Consumer Financial Protection Bureau’s new mandates.

The parent of PrimeLending makes a 50% stock/50% cash bid for the 76% of SWS it doesn’t own.