Origination News Headlines

HUD to Create Sustainability Office

February 9, 2010

The Department of Housing and Urban Development has created an office of sustainable housing that will work on improving energy-efficient homes and financing for those homes.

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Appraisal Service Integrates With Ellie Mae

February 8, 2010

Service 1st Valuation and Settlement Services Inc. has joined the Ellie Mae Network.

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Wells Endorses Another E-Sign Vendor

February 8, 2010

Wells Fargo Funding has authorized the use of Docu Prep's EESS product for digital signing documents.

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Canadian Housing Starts Rise

February 8, 2010

The seasonally adjusted annual rate of Canadian housing starts jumped to 186,300, suggesting an upward trend.

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FHA 4Q Originations Up 21%, Foreclosures Up 41%

February 8, 2010

Lenders originated $86.1 billion in FHA-insured single-family loans in the fourth quarter, up 21% from same quarter in 2008.

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Featured Story

Brokers Look to Innovations

By Lew Sichelman

This publication held a roundtable discussion on the state of the mortgage brokering business with the following attendees at the National Association of Mortgage Brokers' recent NAMB/West conference: Jim Pair, president; Roy DeLoach, chief executive officer; Don Frommeyer, treasurer; Mike D'Alonzo, vice president; past president Marc Savitt, (he has since resigned from NAMB's board); and Bill Howe, president-elect.

Origination Views

Underwriting Is Key for Commercial and Residential

Perspectives by Sheila Bair

Federal Deposit Insurance Corp. chair Sheila C. Bair spoke about the importance of sound underwriting and other origination issues at the Commercial Mortgage Securities Association's annual conference in January 2010. Excerpts of her prepared remarks follow.