Origination

President Obama called for Fannie Mae and Freddie Mac to be eliminated, but Democratic policymakers attending the convention here appear resigned to the fact that Congress is unable to act on housing finance reform.

Two Harbors Investment Corp., one of the few regular sponsors of private-label mortgage securitization post-financial crisis, is pulling out of the market.

Quarterly profit at CIT Group plunged after the in Livingston, N.J., company recorded $167 million in charges tied to its discontinued reverse-mortgage servicing unit.

First Community Mortgage, a subsidiary of First Community Bank in Murfreesboro, Tenn., has started a consumer direct lending operation working out of a new office in Cleveland.

Walter Investment Management Corp. subsidiary Ditech Financial plans to lay off more than 100 employees in North Carolina and Texas following declines in defaults across the country.

Suffolk Bancorp in New York, which recently agreed to sell to People's United Financial, discouraged several suitors from bidding due to concerns about concentrations of commercial real estate loans at those banks. The disclosures highlight the challenges that banks with heavy CRE exposure could face — as buyers or sellers — if they want to do deals.

FNF Group, a division of Fidelity National Financial, has agreed to acquire real estate software company Commissions Inc.

Contracts to purchase previously owned homes rose less than forecast in June as a lack of supply and rising prices offset the benefits from historically low mortgage rates.

CoreLogic has made its mark on the Case-Shiller Home Price indices — in more ways than one.

Mortgage application activity decreased 11.2% from one week earlier as refinance volume continued to slow while the bond market and interest rates stabilized.