Fed's Rule on Broker Pay Sets Off Scramble at Banks
- Builder Lenders on the Mend? // National Mortgage News;9/20/2010, Vol. 34 Issue 50, p1
The article reports on the origination figures compiled by the journal which showed an increase in originations of home-builder-owned mortgage lenders during the second quarter of 2010 in the U.S.
- Stopping Fraud Wave Depends On Lenders. Nemeroff, Evan // Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p3
The article discusses the importance for mortgage banks to find new and better ways in tracking participants and their information when they enter in distressed home sales as well as mortgage transactions to prevent fraud in the U.S.
- Hope Springs Eternal On Origination Volumes. Muolo, Paul // National Mortgage News;4/2/2012, Vol. 36 Issue 27, p1
The article reports on the optimism of mortgage bankers on loan production which is attributed to the new Home Affordable Refinance Program (HARP) 2.0 program in 2012 in the U.S.
- Chinese-Americans, Low-Risk Borrowers, Are Overlooked. Dymi, Amilda // National Mortgage News;10/24/2011, Vol. 36 Issue 6, p15
The article reports on the 2011 study by Rui Yao, published in the "Journal of Family and Economic Issues," which shows that Chinese-Americans may be potential low-risk borrowers for mortgage banks in the U.S., where most of them have no consumer debt outside of typical mortgage loans.
- Some renders Unhappy with Exit from 10s. Collins, Brian; Muolo, Paul // National Mortgage News;3/8/2010, Vol. 34 Issue 23, p1
The article reports on the reaction of the lenders in the U.S. regarding the decision of Freddie Mac to ditch interest-only (IO) mortgage loan from the Community Mortgage Banking Project. It notes that Mac purchased 23 billion dollars in 2008 and 800 million dollars of IO in 2009 prior to its...
- Debating the Moral Obligation to Repay If Robo-Signing Is Involved. // Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p8
The article reports on the argument regarding moral obligation involved in document-handling pertaining to foreclosures in the U.S. It cites the obligations of mortgage borrowers to settle their dues and defaults otherwise face consequences that might result to foreclosure of their properties....
- Sold mortgages found less likely to be renegotiated. // Journal of Business (10756124);2/24/2011, Vol. 26 Issue 5, pA16
The article focuses on several studies related to whether banks are willing to renegotiate mortgages in the U.S. According to the researchers, mortgages which are owned by lenders are 26 to 36 percent more likely to be renegotiated than similar mortgages. It informs that many studies have...
- Bank Loan Officers Are Getting Worried About Compensation. // National Mortgage News;8/2/2010, Vol. 34 Issue 43, p12
The article presents a discussion among bank loan officers regarding compensation. One states that they do not get pay on income loans based on the rate. Another claims that high producers at banks will be leaving and are going to the bigger mortgage banks. One also states that they do not...
- 2011 Volume: $1.37 Trillion. Muolo, Paul // National Mortgage News;2/6/2012, Vol. 36 Issue 19, p1
The article reports on the funding and loan production achieved by various U.S. mortgage banks in 2011 including Bank of America Corp. (B of A), Quicken Loans Inc., and Midwest Loan Services Inc.