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Latest blogosphere posts tagged “origination”

  • NAR Projects Home Sales to Rise 13.6% in 2010


    Housing WireAuthority Authority: 683
    Existing home sales will increase 13.6% in 2010, with 5.69m houses sold during the year, according to National Association of Realtors (NAR) projections.NAR also projects as many as 2.4m first-time homebuyers took advantage of the $8,000 tax credit in 2008. First-time buyers accounted for 47% of home sales in 2009, up ...
    1 day ago
  • Law Lets Home Builders Recoup Losses with More Back Taxes


    Housing WireAuthority Authority: 683
    President Obama didn’t just extend the the homebuyer tax credit’s deadline when he  signed the Worker, Homeownership and Business Act of 2009. He extended the credit to repeat buyers and also allowed corporations to recoup certain losses through back taxes.A report Friday from John Burns Real Estate Consulting ...
    2 days ago
  • Google and Mortech Soft Launch Mortgage Pricing Tool


    Housing WireAuthority Authority: 683
    Mortgage pricing software developer Mortech is moving forward with its plans to provide technology to a new mortgage-pricing feature on Google (GOOG: 571.11 +0.57%).The “Adwords Comparison Ads” device is a test product Google is developing. The targeted ad product can be adapted for a variety of search terms, but ...
    2 days ago
  • Five Best Residential Originators


    Mortgage-BlogAuthority Authority: 450
    Overall borrower satisfaction fell in the 2009 Primary Mortgage Origination Satisfaction Study from J.D. Power and Associates. Branch Banking and Trust topped the ranking. Also among the top five were Wachovia Corp., National City Mortgage, SunTrust Mortgage Inc. and Wells Fargo & Co.
    2 days ago
  • Without an Inspector General, FHFA Lacks Independent Oversight


    Housing WireAuthority Authority: 683
    Ed Kelley still comes to work in the same Washington DC building in the same office as he did when he was the independent inspector general (IG) of the Federal Housing Finance Board (FHFB).But with the dissolution of the FHFB and the creation of the Federal Housing Finance Agency (FHFA), his ability to audit the [...]
    2 days ago
  • Temporary Jumbo Loan Limits Extended Through 2010


    Housing WireAuthority Authority: 683
    The temporary increased maximum loan limits originally set to expire at the end of the year will remain in place through 2010, according to the Federal Housing Finance Agency (FHFA).The limits for conforming jumbo loans eligible for purchase by the government-sponsored enterprises (GSEs) was set at $417,000 for ...
    2 days ago
  • Wolters Kluwer Launches Banking Regulation Resource


    Housing WireAuthority Authority: 683
    Wolters Kluwer Financial Services released a new network to consolidate current financial laws, regulations and commentary on one research platform.The Compliance Resource Network, now available to US financial institutions provides rulebooks, laws and regulations covering securities, fund management, banking, ...
    2 days ago
  • Despite Low Rates, Purchase Applications Reach 2000 Low


    Housing WireAuthority Authority: 683
    Mortgage rates hovered slightly above record lows, but as the debate on the extension of the first-time homebuyer tax credit raged, borrowers stayed away from the application process last week.The average rate of the 30-year fixed-rate mortgage (FRM) was 4.91% with a 0.7 point for the week ending Nov. 12, according to ...
    3 days ago
  • CredStar Unveils ENCORE Credit Report


    Housing WireAuthority Authority: 683
    CredStar, a credit information provider for the lending industry, launched its ENCORE report to its credit union and mortgage lending customer base.CredStar is part of the First Advantage Corporation, a subsidiary of the First American Corporation (FAF: 32.35 -1.34%).The report provides risk analysis compliant to the ...
    3 days ago
  • One Quarter of Homebuyers Want Foreclosures


    Housing WireAuthority Authority: 683
    Low prices and foreclosure bargains motivate buyers to purchase a home more than any other reason, according to a survey from Move.com.Of consumers wanting to buy a home, 25.3% of them want to purchase a foreclosure. Roughly 12% of homebuyers, or one out of eight, today plan to purchase a home as an investment ...
    3 days ago
  • BB&T Tops JD Power Originator Satisfaction Survey


    Housing WireAuthority Authority: 683
    Branch Banking & Trust (BBT: 25.20 0.00%) took the top spot in JD Power and Associates’ mortgage origination customer satisfaction study.BB&T earned a score of 783 in the study, the top-ranking lender of the 23 surveyed. Wells Fargo (WFC: 28.80 0.00%) subsidiary Wachovia ranked second, with a 781 score, ...
    3 days ago
  • 27% of UK Buyers Save with Mortgage Tax Moratorium: CML


    Housing WireAuthority Authority: 683
    While many are crediting the first-time homebuyer tax credit as a boon for the US housing market, a moratorium on UK mortgage tax is getting similar praise across the pond.The land stamp duty is a tax imposed on UK mortgagees and varies depending on the purchase price of the home. In 2008, the minimum purchase [...]
    4 days ago
  • Anti-Fraud Software Gets New Detection Feature


    Housing WireAuthority Authority: 683
    Wolters Kluwer Financial Services added new preventative features to its Wiz Sentri: Anti-Fraud software.The update will help financial institutions prevent financial crimes by detecting the actual precursors to a fraudulent attack via continuous, real-time monitoring of both activity and behavior, Wolters Kluwer ...
    4 days ago
  • Refinancing Interest Boosts MBA’s Weekly Mortgage Apps


    Housing WireAuthority Authority: 683
    The rate of mortgage applications initiated increased in two weekly surveys.The Mortgage Bankers Association (MBA) index of gross mortgage applications increased 8.2% on a seasonally adjusted basis for the week ending Oct. 30.MBA’s refinance index increased 14.5% from the previous week. The association’s purchase ...
    4 days ago
  • Builders’ Results Show Return to Profitability, Increased Contracts


    Housing WireAuthority Authority: 683
    Atlanta-based homebuilder Beazer Homes USA (BZH: 5.6301 +10.39%) returned to profitability in its fiscal year fourth quarter, posting income from continuing operations of $35.3m, or $0.87 per diluted share.The profits from Beazer’s FYQ409, which ended Sept. 30, compare to losses of $27.9m in FYQ309 and $453.8m in ...
    4 days ago
  • Appraisers Travel Average 13 Miles, Says AMC Trade Group


    Housing WireAuthority Authority: 683
    The average driving distance for an appraiser completing a job for an appraisal management company (AMC) was 13 miles in urban and suburban areas this year, according to a new study conducted by an AMC trade group, the Title Appraisal Vendor Management Association (TAVMA).TAVMA’s membership, which includes some of ...
    4 days ago
  • Refinancing Interest Boosts MBAs Weekly Mortgage Apps …


    Mortgage onlineAuthority Authority: 159
    “The Max temporarily abates its twenty percent decline since early October; however the downward flight path through the end of 2009 will resume both in real and nominal terms as the holiday effect begins in two short weeks,” Mortgage ...
    4 days ago
  • Homeowners Reduce Asking Price 10% on Average


    Housing WireAuthority Authority: 683
    The sellers of more than 25% of homes currently on the market in the US reduced the asking price of their home at least once in the past 12 months, according to San Francisco-based real estate search firm Trulia.The national average price reduction was 10%, but more than 40% of the top 50 major metro [...]
    4 days ago
  • Sen. Dodd Reveals New Financial Reform Proposal


    Housing WireAuthority Authority: 683
    The Senate Banking Committee unveiled a new bill to reform regulations for the US financial system.The bill, drafted by committee chairman Chris Dodd (D-Conn.), would create the Consumer Financial Protection Agency, which provides consumers information when they shop for mortgages, credit cards and other products. The ...
    4 days ago
  • Chase to Hire 1,200 New Loan Officers


    Housing WireAuthority Authority: 683
    Chase, the personal banking unit of JP Morgan Chase (JPM: 44.17 -0.41%) announced plans to hire an additional 1,200 mortgage loan officers by the end of 2010, a 60% increase in its origination and refinance officer work force.The bank’s mortgage operation serves customers in 23 states, including California, Florida ...
    4 days ago

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