Finance

Fannie Mae reported that loan commitments hit $81.7 billion in June, up 13% from the month prior.

Mitsubishi Corp. will start originating CMBS in the U.S. through a joint venture with Five Mile Capital Partners.

According to figures compiled by the Mortgage Bankers Association, refi applications accounted for 81% of all new business for the week ending July 27.

Servicers of securitized commercial mortgage loans beware of the still-elevated delinquency rates.

Impac is looking to offer products in niches which are fragmentedbut offer the chance for wider margins, including reverse loans and 203(k) loans.

Commercial and multifamily mortgage originations in 2Q12 were up 25% on a year-over-year basis, benefiting from the same low interest rate environment that is sustaining residential mortgage lending.

But the HUD auction raises an interesting question: if HUD can unload nonperforming loans (NPLs) why can’t Fannie Mae and Freddie Mac?

A new series of Centex homes is designed “to respond to the increasing demand for affordable homes by “Generation Y,” the largest U.S. demographic, according to executives.

The story of WesCorp: How one corporate credit union came to grow fast, grow big, and grow into a problem that couldn't be resolved.

Late last week we blogged about how certain wholesalers are telling their loan brokers to take a number when it comes to getting approvals (and processing) on purchase money mortgages. We heard from a handful of brokers who said their wholesalers were different and from a few wholesalers who said they can move things along quickly.

Bank of America is ready to hit the market with a $100 million package of residential servicing rights backed mostly by nonperforming loans guaranteed by Freddie Mac.

Ocwen Financial—an avowed nonblank—is in the envious position of being among the nation’s fastest-growing specialty servicers with a niche in processing problem loans that no other company will touch.

If the CFPB makes brokering impossible, how many brokerage shops can afford to convert into a mortgage banking firm? The capital requirement is currently $2.5 million, while rumors persist that it may be hiked to $3.5 million over the next few years. The net worth requirement is set by Fannie Mae, Freddie Mac, and GNMA/FHA…

Gateway Mortgage Group, is looking to move into new markets by creating strategic partnerships with homebuilders and Realtors. It is also looking to expand on a traditional retail basis into Florida. And it has hired David Robinson to oversee both prongs.

We’ve been hearing complaints lately from loan brokers that some of their wholesalers have been telling them to “take a number” and wait if they bring a purchase-money mortgage to the underwriting window.

As originally designed, the Fed’s compensation rule tried to ensure that loan officers didn’t have any monetary incentives to steer borrowers into high-cost loans.

PennyMac Mortgage Investment Trust, a fast-growing buyer of mortgages from correspondents—including jumbos—recently inked a deal to receive a $100 million repo line from Barclays Bank PLC.

Stewart Information Services Corp. saw its net earnings increase 319% from 2Q11, while First American Financial Corp. had its best title margins since 2005 as it earned $73 million, more than double the $32 million in 2Q11 profits.

New advances are providing technology to mortgage industry and secondary market participants that allows them to access detailed information about residential mortgage-backed securities.

Hudson City Bancorp plans to sell more of its production into the secondary market going forward.