[Editors Note: Rob Chrisman is on a cycling vacation this week so he's asked some guest writers to step in on DailyBasis. Today are online lending pioneers Owen Raun & Michael Hillman.] Internet Lending Begins Just a little over fifteen years ago, with the publication of Statement of Policy 1996-1 in The Federal Register, Nick [...]

Signs of Life In Jumbo Mortgages There are definitely signs of the ice cracking in non-agency (or Jumbo) lending. For example, folks in the biz know that Quicken Loans is the largest online mortgage lender. But in recent weeks Quicken, who is also the 4th largest FHA lender, has moved into “private-label” originations. PHH, according [...]

Rates Up This Morning, Slow Economic Week Last week rates were moved around by economic data. By Friday rates had improved slightly, and locks appeared to be picking up a little, but then a better-than-expected employment number pushed them higher. Fortunately for mortgage rates, the spread between them and the 10-yr Treasury (still a benchmark, [...]