Origination

Bill de Blasio's plan to create apartments for New York's poor and middle class has come under fire from community leaders who say that what developers and the mayor call "affordable" remains out of reach for those in need.

Fannie Mae and Freddie Mac are telling lenders that they are willing to retain loans with defects if they believe the defects are minor and can be fixed. But Freddie is one-upping Fannie by offering to retain such loans without charging lenders a fee.

Senior citizens' equity in their homes rose by about $147 billion to $5.76 trillion, from the second quarter to the third quarter, according to the National Reverse Mortgage Lenders Association.

The price of the loans underlying commercial mortgage-backed securities increased modestly from October to November, according to DebtX.

Mid America Mortgage Inc. has created a scratch-and-dent purchase program to buy loans with TILA-RESPA integrated disclosure rule defects.

The rising number of Chinese buying U.S. homes could be a boon for investors with a stake in residential mortgages.

New homes sold at a slower pace than projected in November, a sign momentum in housing is cooling as the year draws to a close.

Mortgage applications increased 7.3% on a seasonally adjusted basis for the week ending Dec. 18, compared to a week earlier, according to the Mortgage Bankers Association.

Arch Mortgage Insurance introduced a new pricing program to better aligns a policy's risk with the amount of the premium. But analysts have expressed concerns about pricing competition.

Existing-home sales plummeted in November confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings.