Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'Originations'

ARTICLES

Low interest rates drive refinances to six-month high

Interest rates fall again
Ben Lane
"Low rates are creating opportunities for homeowners to either lower their payments or capitalize on their homes’ equity," said Jonathan Corr, president and COO of Ellie Mae.
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Freddie Mac: Mortgage rates rise above 4%

Second week of consecutive increases
Brena Swanson
Mortgage rates edged higher for the second consecutive week, slowly moving away from October’s yearly lows. The 30-year, fixed-rate mortgage officially increased back above 4% and averaged 4.02%.
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Ellie Mae’s earnings overcome mortgage industry declines

AllRegs buy will reflect on next quarter's results
Brena Swanson
“Revenue grew 30% over last year’s third quarter to a record $42.8 million, despite a 27% decline in industry mortgage origination volume, and our active user base crossed the 100,000 mark for the first time,” said Sig Anderman, CEO of Ellie Mae.
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KBW: Here’s where mortgage earnings fell short

Future looks a little better
Brena Swanson
Now that the majority of mortgage bank earnings are in, the results are nowhere close to last year’s record levels. Here’s a chart of exactly where earnings missed the mark.
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How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight
Sarah Wheeler
During one of the last panels at the MBA Annual Convention, a group of lenders was cautiously optimistic about the future, noting that while progress has been made, more clarifications are needed for a significant increase in non-QM lending.
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MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year
Sarah Wheeler
The MBA is projecting overall economic growth of 2.9% in 2015 and 2.4% in 2016, driven by strong consumer spending and business fixed investment as consumers spend on durable goods and businesses invest in equipment.
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Altisource loan origination software goes mobile

Enables borrowers to apply for loans via mobile devices
Levi Shultz
According to the company, Architect Connect enables borrowers to interact with the system directly through their mobile devices, helping borrowers to save time and lenders to save money.
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Credit Plus launches new loan quality control program

Runs quality assurance checks through each part of the origination process
Levi Shultz
Credit Plus Inc. announced that it will be offering QC Review, a new loan quality control program, which allows lenders to perform quality assurance checks to meet their own policies and procedures.
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The profit-margin challenge with TILA-RESPA

Get operational processes firmed up now for Aug.1, 2015 go-live
Mark McElroy
Do you know what it fully costs you to acquire a customer? It is now critical that you know this metric today, because it’s going to change on Aug. 1, 2015. If your operational processes are not streamlined, your margins are going to suffer worse when TILA-RESPA is effective.
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CHARTS: How Stonegate will thrive in a flat market

3 areas drive growth
Brena Swanson
Stonegate Mortgage will not only succeed in 2014 but it will also grow during a flat market, according to Stonegate Mortgage’s CEO Jim Cutillo. These charts show how.
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