Origination news
Bonnie Sinnock | May 16
Impac Mortgage Holdings recorded a year-over-year expansion of its mortgage lending in the first quarter, but other costs produced a consolidated net loss of $4.8 million during the period.
Brian Collins | May 16
Most Federal Reserve officials foresee a continued slow recovery in the housing market and some are optimistic the improvement may pleasantly surprise their fellow members on the Federal Open Market Committee.
Amilda Dymi | May 16
Insiders agree that certain types of solutions can serve as the best antidote to the still pervasive mortgage loan repurchase challenge.
It is fueling a renewed drive to design tools that infuse all aspects of the mortgage production chain into coherent systems that are more efficient and transparent throughout the life of the loan.
Bonnie Sinnock | May 16
A federal official told a group of third-party origination professionals angered by new proposed compensation and pricing restrictions that the Consumer Financial Protection Bureau would listen to their concerns and could still possibly change the proposals in line with them.
Brad Finkelstein | May 16
Capital Trust, a real estate investment trust that invests in commercial real estate loans and securities, said it is exploring "strategic alternatives."
Brian Collins | May 16
The Census Bureau reported that single-family starts rose to a 492,000 seasonally adjusted annual rate in April from a 481,000 rate in March.
Brad Finkelstein | May 16
Quicken Loans Mortgage Services is planning to hire more than 75 people by the end of the year.
Paul Muolo | May 16
The other day a mortgage recruiter made a blunt statement to us: “Wholesale lending is really hot right now.” Of course, given what’s happened to the mortgage business the past few years and all the blame being placed on brokers for crappy loan quality, such a statement might be taken with a grain of salt.
Brad Finkelstein | May 16
A 13% increase in refinance applications led to a 9.2% seasonally adjusted increase in overall application volume for the week ended May 11.
Paul Muolo | May 16
When Residential Capital Corp. filed for bankruptcy protection it left behind a trail of unsecured creditors with claims totaling well over $1 billion.
Brad Finkelstein | May 16
John Robbins has created mortgage production platforms from scratch before, but his latest venture was in at least one way a little more difficult because of how the industry environment has changed in the past few years.
Lew Sichelman | May 16
“Tell Congress in no uncertain terms that to get the economy moving again, it must stimulate housing and the peripheral real estate market,” Moe Veissi, the Miami real estate broker who heads the National Association of Realtors, exhorted his minions at NAR’s annual Midyear Legislative Meetings in the nation’s capital.
May 15
An answer to why people hold their job in the mortgage marketplace or elsewhere does not come by so easily. Do people work simply to survive, or because it’s enjoyable and meaningful? The world of work is in a state of transition. It is now facing a new direction.
Lew Sichelman | May 15
A pair of analysts at the Mortgage Bankers Association Secondary Market Conference said they don't believe there will be a private-label MBS product anytime soon.
Austin Kilgore | May 15
Loan origination system vendor Mortgage Builder announced that it will acquire GCC Servicing Systems, the mortgage technology vendor it was spun off from in 1998.
