Originating

Originating (1369)

Ex-mortgage Broker Gets 8 Years in Jail for $1M Car Loan Fraud

A federal judge has sentenced a former mortgage broker from Maryland to more than eight years in prison for a $1 million scam involving fake auto loan applications. So reports The Baltimore Sun. Read more...

Real Estate Closing Startup Qualia Grabs $55M

Qualia, a technology startup that aims to simplify the real estate closing process, has announced $55 million in Series C financing led by Tiger Global. So reports CrunchBase. Read more...

Feds Hit Mortgage Biz Short-sellers with Fraud Charges

Federal prosecutors have charged the founders and operators of a Massachusetts mortgage business focusing on short sales with defrauding lenders and investors to the tune of almost $500,000. So reports the North Andover (Mass.) Eagle Tribune. Read more...

Sherlock: What I Learned from This Year’s MBA Conference

At the MBA conference last week, I spoke with many senior executives at a variety of different-sized lenders about the state of mortgage banking and their concerns for the immediate future. Read more...

Housing Perspectives: Institutions and Geographic Concentration in VA Mortgage Lending

The Veteran’s Administration (VA) home loan program, which makes homeownership more affordable for veterans, is used more extensively in places closer to major military installations, according to a new working paper from the Joint Center For Housing Studies of Harvard University. So writes Kerry Spitzer, Senior Clinical Research Coordinator at the Institute for Healthcare Delivery… Read more...

Bill Bodnar of MMG: China, the Biggest Story to Follow

Bill Bodnar of the Mortgage Market Guide focuses on the U.S.-China relationship and its far-reaching implications. Earlier in the year, developments were a tailwind to the bond market, supportive of lower rates, he notes. Now, it’s a complete role reversal. Read more...

Angel Oak Adds Office Amid Originations Growth

Atlanta-based Angel Oak Home Loans has added its 12th branch in the state with the opening of a new office in Acworth, Georgia, the company has announced. Read more...

Non-QM Originations Surge, Drawing Subprime Comparisons

Non-qualified mortgage originations have been soaring, raising some concerns that faintly echo worries about the role of subprime mortgages ahead of the 2008 financial crisis. So reports Bloomberg. Read more...

Freddie Mac Sees Originations Rising Through 2020

Freddie Mac has projected that the housing market will remain sturdy into the next year, bolstering the mortgage origination business despite global economic headwinds. Read more...

Tips for Meeting with a Loan Officer Candidate

You have found the time to recruit, put together a recruitment package, got an appointment with a potential hire and are sitting down and having lunch. Where do you go from here? Read more...

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