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Volume 22 - Number 10

May 9, 2011

DoJ, HUD Sue Deutsche Bank, MortgageIT, Eschew Admin.

The Department of Justice and the Department of Housing and Urban Development last week announced they had filed a civil mortgage fraud lawsuit against Deutsche Bank and its wholly owned subsidiary, MortgageIT, over some of its FHA lending practices...

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With the recent dip in interest rates, how do you feel about loan volumes this year?

We see loan production ending 2015 flat compared to 2014.
We’re optimistic that our originations will rise by 10 to 20 percent year over year.
We’re really optimistic: We expect production to increase by 20 percent or better from last year.
We’re not so bullish. Originations for us may actually fall.

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