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Origination

Fannie Mae Approves Equity Loans for Whole Loan Execution

Equity Loans, a residential mortgage industry leader based in Atlanta, Georgia, announced that after a series of tests regarding its staffing, processes, experience, and organization, it has received Fannie Mae's approval as a seller and servicer of one-to-four family first lien mortgages for whole loan execution.

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Quicken Announces Sweepstakes to Pay Consumers’ Monthly Mortgages

Quicken Loans Inc., the largest online mortgage lender and third largest lender in the country, announced the launch of its Bring It Home sweepstakes, in which the company will pay five peoples' monthly mortgage bills each time NASCAR driver Ryan Newman finishes among the top five in a Sprint Cup Series race.

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Origination Volume Climbs 30 Percent in 2012

Mortgage origination volume continued to climb in 2012, according to data from Mortgage Daily's 2012 Mortgage Lender Ranking. According to data collected from surveys, earnings filings, and other public disclosures, loan volume across all lending firms grew 30 percent annually in 2012. In the fourth quarter alone, Mortgage Daily reports residential originations coming in around 3 percent above third-quarter volume. Year-over-year, Q4 saw mortgage production grow 17 percent.

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