Some of the nation’s largest originators – including Quicken Loans, United Wholesale Mortgage and Freedom Mortgage – are reporting record originations for August, a boom that’s also resulting in headaches industry-wide: namely appraisal and underwriting delays. At this point, few are describing the delays as a crisis, but with September half over, certain originators fear that longer closing times will eat into profits while angering borrowers. “I have...

Warehouse money is available from commercial banks for nonprime home mortgages, but...

There is no clear explanation as to why VA rates are lower than the competition, but some industry participants, including Tom Piercy of Incenter Mortgage Advisors, speculate prepayments might be the reason.

The CHOICE Act also would make changes to the structure of the Consumer Financial Protection Bureau, including replacing the single directorship with a five-member board or commission.

One mortgage branch manager described the underwriter shortage as a “big time” problem.

To date, FCA/FHA settlements have netted the federal government roughly $5.0 billion.

Too many nonbanks have their net worth tied up in servicing rights. And that’s a problem…

Ocwen gets an upgrade, but there are doubters...

At Santander Bank, commitments improved by 2.1 percent to $2.4 billion while outstandings jumped 33.3 percent to $1.6 billion.

Cash-flow underwriting for mortgages on investment properties also may present regulatory concerns…