Finance

Ellie Mae’s stock price increase on Wednesday was the largest among stocks in this publication’s Mortgage Industry Equity Composite.

Peter Albano is joining Oppenheimer & Co. Inc. as head of taxable fixed-income sales.

A U.S. judge sided with a bond insurer in a closely watched case over representation and warranty putbacks in residential mortgage-backed securities.

Despite the buzz about the REO-to-rental market over the past year, there is still no clear indication of the role securitization can play in the permanent financing of repossessed single-family homes for conversion into rental properties.

The Basel Committee on Banking Supervision’s decision to allow banks to include highly rated residential mortgage-backed securities into their calculation of a new liquidity coverage ratio is undoubtedly good news for European RMBS.

Mortgage application volume rose for the fourth time in the last five weeks, even as rates on the 30-year fixed-rate mortgage increased for the seventh time in the past eight weeks.

What we're hearing from Ellie Mae executives is that the current high cost of compliance is going to get even worse.

The overall volume of resolved securitized commercial mortgage loans dropped slightly in January, resulting in higher loss severity rates and loan losses at greater than 2%.

The 30-year fixed mortgage rate is now currently 3.44%, which is up two basis points from the same time last week.

Stonegate Mortgage has entered into a participation agreement with the Bank of Virginia and has others in the works.

To entice more Home Affordable Refinance Program refinancings, lenders may contribute up to $2,000 toward the borrower’s closing costs or other fees by reducing the loan amount.

Hibernian Pacific Holdings acquired an 864-unit Class A multifamily portfolio located in Cobb and Gwinnett counties in Georgia.

Approximately 8% of the outstanding balance of commercial and multifamily mortgages held by nonbank lenders and investors will mature in 2013.

There is strong capital markets interest in securitizing renewable energy loans, and property assessed clean energy loans associated with commercial properties will probably be one of the first types securitized.

The early returns in the Origination News 2012 Loan Officer Survey shows volumes higher than in 2011. Credit: © Texelart - Fotolia.com

JPMorgan Chase & Co. is giving its wealthiest clients the chance to invest in the single-family rental market after other investments linked to the U.S. housing recovery jumped in value.

Fitch Ratings affirms the commercial mortgage-backed security servicer ratings of Bank of America and BNY Mellon based on their experience, technology and management expertise.

During February, if a purchase loan is not underwritten and decisioned in three day, the borrower gets a credit

There is more opportunity for lenders to make money on purchase deals in 2013 rather than refinances.

Credit Suisse Group is seeking to sell $407.4 million of securities tied to new jumbo U.S. home loans without government backing in the third deal of the type this year.