Origination news
Brad Finkelstein | May 17
San Francisco is considered to be the least affordable market in the nation for housing.
NMN Staff | May 17
The Mortgage Grapevine is a place where people can comment, not just about what is happening in the lending business, but on many other topics, including politics and government.
Brad Finkelstein | May 17
Redwood Trust, which sold $424 million of mortgage-backed securities at spreads of 190 basis points, was the big gainer among mortgage stocks on Friday.
Evan Nemeroff | May 17
The commission ordered Thomas Richter and Girard Finance Co. to cease discriminatory lending practices and pay a total of $668,951 to seven borrowers for damages plus humiliation and suffering.
Yvette Shields | May 17
Chicago convention managers and Mayor Rahm Emanuel advanced plans for a new arena and makeover of Navy Pier, the city’s top tourist attraction.
Nora Colomer | May 17
Goldman Sachs, Citigroup and Jefferies priced the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.
Austin Kilgore | May 17
New compliance requirements don’t typically inspire the most innovative technology enhancements in the mortgage industry. But the upcoming overhaul of borrower disclosure forms has created an opportunity to re-engineer the way lenders and title companies execute mortgage closings, according to Document Systems Inc. CEO Dominic Iannitti.
Amilda Dymi | May 17
In the past two years, 85% of Hispanics were engaged in online banking, compared to 74% of all U.S. households.
Evan Nemeroff | May 17
After acquiring JPMorgan Chase’s Melbourne, Fla., servicing shop earlier this year, Wingspan Portfolio Advisors is now expanding the functions this facility will provide.
Brad Finkelstein | May 17
Analysts at Keefe, Bruyette & Woods believe fears about a Federal Reserve Board exit from its mortgage-backed securities holdings in the near future are overdone.
Brian Collins | May 17
The Department of Housing and Urban Development is coming under pressure from House Republicans to issue a policy that would ban the Federal Housing Administration from refinancing any loans that have been seized by a county via eminent domain.
Brian Browdie | May 17
Flagstar Bancorp said that its chief executive has stepped aside after just eight months in the post.
Credit Union Journal | May 16
As a result of the new qualified mortgage rule from the Consumer Financial Protection Bureau, nearly half (44%) of credit unions in a survey indicated they will cease originations of non-qualified mortgages, while another 44% will reduce originations.
Brian Collins | May 16
The National Association of Realtors is projecting that existing home sales will rise 16% from 2012 to 5 million this year.
Amilda Dymi | May 16
The Federal Savings Bank, which is owned and operated by military veterans, has opened its Northeast flagship loan production office in Manhattan.
