Origination

Federal Reserve officials surprised some onlookers by unveiling a rough plan for balance sheet runoff in the minutes for their May meeting.

American International Group will receive $590 million in gross proceeds from the sale of Arch Capital Group stock it received in the United Guaranty Corp. transaction.

Following the lead of other California cities, Mayor Eric Garcetti two years ago proposed charging a fee on construction and using those funds to build affordable housing in Los Angeles.

The Federal Reserve will increase interest rates twice more in 2017 and begin shrinking its balance sheet before year's end despite a clear downturn in the outlook for inflation.

Median prices for single-family houses and condominiums on Maui increased by double-digit percentages in May as low inventory prompted buyers to snap up properties at a rapid pace.

The HUD secretary said millennials are being shut out of the market but the purchase of a condominium unit is often the first step to homeownership.

The House passed a bill that assigns Qualified Mortgage status to loans that banks hold in portfolio.

Mortgage industry hiring and new job appointments for the week ending June 9.

Mortgage credit availability declined in May as lenders reduced the number of government-guaranteed products they market by nearly 2%.

The parent of Howard Hanna Real Estate Services said it had acquired 1st Priority Mortgage Inc. and Nothnagle Home Securities, completing the last stage of its purchases of RealtyUSA and Nothnagle Realtors.