Origination

WASHINGTON — Fannie Mae and Freddie Mac would be able to evaluate and use new credit scoring models under a bill introduced in the House that seeks to create more competition in the credit scoring industry.

Funds managed by Blackstone's private equity group will acquire a majority stake in the corporate parent of Stearns Lending for an undisclosed amount.

The American Bankers Association has renewed its alliance with Freddie Mac to provide origination and servicing assistance to banks.

Many consumers misunderstand what is required to obtain a residential mortgage, according to a new Fannie Mae study.

Securitizations that involve commercial mortgages are increasingly dropping loans from their pools before the final transactions close, according to Fitch Ratings.

The Morgan Stanley settlement follows a similar agreement with Barclays Capital in October that resulted in a recovery of $325 million.

Mortgage professional hiring and new job appointments for the week ending Dec. 11.

Ditech has renewed its sponsorship of Kevin Harvick's No. 4 car which races for the Stewart-Has Racing team on the NASCAR Sprint Cup circuit.

U.S. Bancorp has plucked longtime lending executive Tom Wind from EverBank Financial to run its mortgage business.

Mortgage applications for new homes declined in November, although not as sharp a drop as is typical for this time of year, according to the Mortgage Bankers Association.