http://www.nationalmortgagenews.com/feeds/ON.xml Daily headlines from Origination News en Copyright 2008, SourceMedia, Inc. and Origination News. All rights reserved. Thu, 20 Nov 2008 20:46:01 EST andras.malatinszky@sourcemedia.com http://www.originationnews.com/images/on_logo.gif http://www.originationnews.com/ 278 60 http://www.originationnews.com/plus/ After operating a residential mortgage scam that defrauded four Phoenix seniors of more than $400,000, Rick Thomas McCullough, a Phoenix mortgage broker, has been sentenced to three-and-a-half years in prison along with seven years probation and ordered to pay $343,811 in restitution. 2008-11-19 12:00:11 http://www.originationnews.com/plus/ Brian Tray of Pittsburgh has been sentenced in federal court to 41 months of imprisonment and five years of supervised release for his connection with a mortgage fraud scheme. 2008-11-19 12:00:10 http://www.originationnews.com/plus/ A market research firm is projecting that mortgage origination volume will be between $1.28 trillion and $1.35 trillion next year. 2008-11-19 12:00:09 http://www.originationnews.com/plus/ The Mortgage Bankers Association's Market Composite Index during the week ended Nov. 14 fell 6.2% on a seasonally adjusted basis from the week before as the purchase index component dropped to a level not seen since late 2000 but refinances increased. 2008-11-19 12:00:08 http://www.originationnews.com/plus/ Construction of new one-to-four family homes fell to an annualized rate of just 531,000 units in October with the nation's largest homebuilding trade group describing the market as a crisis situation. 2008-11-19 12:00:06 http://www.originationnews.com/plus/ The National Credit Union Administration has come up with a plan to refinance billions of dollars of at-risk mortgages by funneling new loans to credit unions through the Central Liquidity Facility, the lending arm of the NCUA. 2008-11-19 12:00:04 http://www.originationnews.com/plus/ The Department of Housing and Urban Development, in rewriting the RESPA rules, has clamped down on builder discounts that are tied to use of the homebuilder's mortgage company. 2008-11-19 12:00:03 http://www.originationnews.com/plus/ HSBC Mortgage Corp., Depew, N.Y., in an internal memo Tuesday said it is officially ceasing originations through its wholesale and third-party correspondent channels, and 325 of the corporation's 1,500 employees will lose their current jobs as a result. 2008-11-19 12:00:02 http://www.originationnews.com/plus/ A market research firm is projecting that mortgage origination volume will be between $1.28 trillion and $1.35 trillion next year. 2008-11-18 12:00:17 http://www.originationnews.com/plus/ HSBC Mortgage Corp., Depew, N.Y. in an internal memo Tuesday said it is officially ceasing originations through its wholesale and third party correspondent channels, and 325 of the corporation's 1,500 employees will lose their current jobs as a result, according to a spokeswoman. 2008-11-18 12:00:16