Mortgages

Ben Anderson produced $180 million in mortgages last year, according to Origination News.

WE’RE HEARING competition in the correspondent channel is heating up and some banks are reaching out to mortgage brokers and asking them to join their “mini-correspondent” programs.

The agency prepares to sell MSRs left over from a 2009 failure.

The industry is uncertain how regulators will enforce the new rules. Most lenders are shying away from non-QM lending for now. And if credit is tightened, what will the effect be on the economy?

Only seven of the 17 Mortgage Industry Equity Composite stocks closed higher on Friday.

This index is designed to move slowly and not exhibit the same volatility as rates for other mortgage products.

Efforts to adjust to new market demands and comply with a heavily regulated mortgage lending marketplace involve anything from massive layoffs to speeding up loan processing automation.

The new underwriting tool could make it safer to originate higher-priced loans.

The mortgage insurer is in settlement talks to resolve the dispute over Countrywide originations which have gone into default.

Jumbo MBS started strong out of the gate this year, but the going has gotten tougher since then.

The 30-day late payment rate dropped 16 basis points during the month as $1 billion of loans were disposed.

One good sign is commitments to purchase new loans edged up slightly in September.

The FHFA is squeezing banks to repay losses that taxpayers were forced to cover because financial institutions sold faulty mortgage bonds to Fannie Mae and Freddie Mac.

Call it the second wave of the mortgage-refinancing collapse. Prepayment penalty income is about to crash. Hard. Especially in New York.

The suit against Borders & Borders backs the author's opinion regarding these business arrangements.

NAMB asks HUD to remove broker compensation from 3% points and fees limit.

The origination technology provider is buying a customer-relationship management platform.

The bank plans to sell private-investor MSRs with unpaid principal balance of $13 billion to Walter subsidiary Green Tree Servicing.

Chase is transferring three bank-owned properties a day to housing and community revitalization groups.

The month typically sees fewer loans originated as the home buying season ends.