Market shift: HSBC offloads huge REO portfolio to Altisource

How to get a mortgage right now, even with bad credit

HUD, FHA programs abound for those hit by the recession

America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility for boomers

Items Tagged with 'mortgage lending'


Wells Fargo ups commissions to spur loan production

Increases loan officers' pay in effort to counteract declining volumes
Ben Lane
Wells Fargo has decided to combat its decreasing loan revenues by increasing the amount of commission it pays to its loan officers. The bank hopes this will stem the decline in its mortgage origination volume.
Read More

Keith Frachiseur joins Envoy Mortgage as regional vice president

Will lead retail expansion in Pacific Northwest
Ben Lane
Frachiseur is tasked with building on the existing Envoy retail presence in the Pacific Northwest with Realtors, builders and borrowers.
Read More

The CFPB's Antonakes changes his tune

"Our goal is not one-sided"
Brena Swanson
"Our goal, however, is not some one-sided aim to maximize consumer protection or industry deterrence at all costs. There is such a thing as doing too little, and there is such a thing as doing too much," Steven Antonakes, deputy director of the Consumer Financial Protection Bureau.
Read More

American Financial Network doubles loan volume by using automated accounting system

In December 2010, the company began using Advantage System’s Accounting for Mortgage Bankers solution. Since launching the AMB solution, the company fully automated its accounting processes, increased its loan volume and grew its branch network without having to hire additional accounting staff.
Read More

4 housing bills that could make mortgage lending much easier

Regulatory streamlining, QM, exemptions for small lenders go to floor
Trey Garrison
The House Financial Services Committee passed three bills Thursday as part of a continued markup from May 7, along with another bill passed on May 7 by voice vote that are being welcomed by the finance industry.
Read More

Cash Flow Worksheets offer efficient, compliant answer
MGIC Mortgage Insurance
Correctly evaluating the income of self-employed borrowers is a challenge for mortgage lenders and underwriters, who are under more regulatory pressure than ever. To meet the need for a simple, accurate process, MGIC has developed its editable, Cash Flow Worksheets, which guide users through an easy-to-use form with line-by-line instructions. (An HW PartnerDirect article)
Read More

Christopher Whalen: The death of mortgage lending

It's not the CFPB's fault
Jacob Gaffney
“New regulations are a very convenient excuse for the large banks to get away from what is a crappy business,” according to one senior banker.
Read More
From HW Magazine

Staying in the black

Outsourcing can mitigate declining mortgage volumes and increasing regulations
David Green
There are ways mortgage bankers can maintain reasonable profit margins while facing rapid volume changes, new mortgage rules and increasing investor requirements, writes industry expert David Green.
Read More

Churchill Mortgage promotes three to leadership positions

Ben Lane
Churchill Mortgage announced the promotions of Pamela Kennedy, Nancy McMahan and Jeanna Tidwell into leadership positions with the company.
Read More

Zillow executive: 3 tips to avoid fatal mistakes

It's time to focus, people
Don Kracl
In 2014, I predict that many companies will make mistakes. Some of those mistakes will be fatal and they will exit the business. Focusing on the wrong parts of the business will be the number one cause of failure in 2014.
Read More


Bridging the Gap to eDocs

Online web seminar

Survive the journey to e-docs in style. Smart lenders, servicers and the investment community are solving their complex document and data management issues without capital outlays for infrastructure and startup costs. This valuable session will provide actionable, creative insights into:

» Document classification and indexing

» Data extraction from documents

» Innovative solutions such as “invisible mailroom” and “park and ride"

You can get there from here. Dramatic successes will be highlighted to show how others have deployed forward-thinking strategies.

Read More