Mortgages

If you’re wondering why there haven’t been more jumbo MBS deals this year just look at the math. Wells Fargo, for instance, has an average cost of funds of 50 basis points.

Printing and marketing materials provider Taylor Corp. will enter the mortgage industry with its acquisition of servicing documentation provider Venture Encoding.

In an interview at his office in Washington, CFPB director Richard Cordray discussed why the complaint database was so important, how he is trying to create a new culture for the agency and why the agency delayed the much-anticipated qualified mortgage proposal.

Clear Capital said the majority of the top 50 metropolitan markets made positive strides in June as only seven cities saw prices fall on a quarterly basis.

The mortgage settlement between U.S. state attorneys general and the five largest servicers, in clarifying foreclosure standards for the industry, may be contributing to higher foreclosure initiation rates.

First Tennessee Bank, Memphis, ended June with $2.7 billion of warehouse lending commitments on its books, an all-time high for the bank.

The Consumer Financial Protection Bureau has released its Loan Estimate form, which will eventually replace the good faith-estimate disclosure that borrowers receive three days after applying for a mortgage.

While consistency in branding your business and yourself is important, every so often that image could use a makeover. Your image has become out of style or out of date and people no longer respond.

Recent delays in key secondary market regulations are among hurdles holding back the long-awaited return of the jumbo market, which some say is making some progress, but others think is too constricted by the current limits of secondary market outlets to reach a large scale.

Even before the government-controlled Ally Financial threw its mortgage division into Chapter 11 bankruptcy protection, rumors were circulating this spring that the “bank” end of the company would exit the warehouse lending arena.

As part of its June national housing survey, Fannie Mae found that 35% of consumers expect home values to increase over the coming 12 months.

FHA lenders originated $78.2 billion of purchase mortgages during the first eight months of the current fiscal year, down from $86.3 billion during the same period in FY 2011.

Radian is benefiting from the changing competitive environment in private mortgage insurance as two of its competitors went into run-off in the third quarter last year.

Freddie Mac expects to price this week its ninth so-called K multifamily securities offering for the year.

In judicial states, 6.5% of all mortgage loans are in some stage of foreclosure, compared to only 2.5% in states that don’t use the courts to conduct a foreclosure.

Investment banks’ researchers generally indicated that agency mortgage-backed securities prepayments overall increased modestly in the latest month.

Finding qualified loan officers isn’t the problem—it’s finding LOs who can get licensed so they can work for a broker.

Late last week National Mortgages News reported that although mortgage employment was essentially flat in May, that loan brokerage firms have been hiring. But as we report today, a big stumbling block to richer brokerage hiring remains: finding LOs who are licensed and “ready to go.”

If the courts uphold the use of eminent domain in taking mortgages, it would open the door for the cities to purchase the loans at fair value.

Mortgage rates spiked briefly as the first quarter came to a close, raising the prospect that a rebound in refinancings originating in the fourth quarter would peter out.