Finance

The platform has processed a few billion dollars of loans from customers and plans to process significantly more as it gets off the ground.

The gulf between two competing plans to reform the nation's housing finance system appeared ever wider Tuesday even though House Republicans were poised to advance their bill to a full floor vote.

Sales of newly constructed homes rose 8.3% to a 497,000 seasonally adjusted annual rate, up from 459,000 in May.

The total number of loan applications submitted the week ended July 19 declined by 1.2% on a seasonally adjusted basis from the previous week.

We're hearing that one executive started his business based on the question, “Why aren’t mortgages traded in the same way fixed-income securities are?”

American Realty Capital Properties announced plans to issue $300 million of convertible senior notes in an underwritten public offering.

The American Bankers Association supports some reforms to the FHA single-family program proposed by House Financial Services Committee chairman Jeb Hensarling.

The loans that the new channel is purchasing will be sold on the secondary market to Fannie Mae, Freddie Mac or Ginnie Mae.

The Financial Industry Regulatory Authority began releasing more information about trading in government-backed mortgage securities.

One affiliate is slated to buy a portfolio of nine shopping centers known as the Phoenix portfolio from Wells Fargo.

The Federal Housing Administration might have lost as much as $1 billion in 2011 alone because of its poorly performing REO program, according to a new report from the Government Accountability Office.

The appeals court has set an Aug. 28 deadline for NCUA to file a written brief in the case.

The aggregate nonagency mortgage loan roll rates from current to delinquent have significantly improved, dropping to their lowest levels since early 2007.

Freddie Mac is offering another K deal, its 12th so far this year.

Settlement of the guaranteed deal, FNA 2013-M11, is expected to occur on July 30.

National Cooperative Bank has made a $30 million loan for Amalgamated Houses, located in The Bronx.

UBS reported an increase in second-quarter profit and said it’s close to a settlement over U.S. mortgage-backed bond sales.

The Federal Housing Administration is taking actions it hopes will save the reverse mortgage program.

Associated Banc-Corp announced second-quarter earnings of $47 million, up 12% from a year earlier thanks to higher net interest income and mortgage banking revenue.

First Horizon National Corp. missed second-quarter profit estimates as its lending and fee income slid.