Tag Archives: Origination

The latest report from Ellie Mae shows that purchase and refinance closing rates slightly decreased while 30-year rates have increased.

Fannie Mae has recently expanded the list of third-party vendors who are approved to utilize the borrow income, employment, and assets data from the GSE’s Desktop Underwriter (DU) ...

Freedom Mortgage Corp., is the latest company to resolve claims that it violated the False Claims Act by knowingly originating and underwriting single-family mortgage loans insured by the FHA that did not meet the mortgage insurer's requirements.

First mortgage balances experienced a massive year-over-year jump, driven by an uptick in both rising home-purchase activity and solid refinancing volumes, according to the latest Equifax National Consumer Credit Trends Report, released Wednesday.

New debt created by first-time homebuyers transitioning into homeownership and existing homeowners that are upgrading to larger homes growing a rapid pace, meanwhile, home equity loan balances have cooled off thanks to borrowers paying off debts.

The Department of Justice announced Friday that HSBC Bank reached a settlement with several federal agencies and almost every state attorney general regarding "mortgage origination, servicing, and foreclosure abuses."

Franklin American Mortgage Co. agreed to pay the U.S. government $70 million this past week to resolve allegations that the lender originated loans which failed to meet Federal Housing Administration guidelines.

Despite housing market challenges, U.S. state housing finance agencies remain financially sound as mortgage revenue bond issuance, net interest, median ratios, and other factors trend upward.

All mortgage originations, measured by loan count, jumped up to 1.48 million in Q2, which was an increase of 2.4 percent from the previous quarter and of 40 percent from the same quarter a year earlier.

First Title & Escrow, a national provider of origination and default title, closing, and vendor management services to the mortgage industry, recently announced the hire of Natalie Owens to their team based in First Title’s Dallas location as a National Sales Executive. In her role, she will be responsible for business development, client communication, and client management.