Origination

Department of Housing and Urban Development staff are working on a revision to the agency's condo rule and "we anticipate a rulemaking process," HUD Secretary Julian Castro said this week.

Flagstar Bancorp reported a third-quarter profit, as it originated more residential mortgages and recorded higher fee income.

The commercial real estate loans that underlie commercial mortgage-backed securities posted a modest increase in price from August to September, according to DebtX.

Genworth Financial agreed to sell a European mortgage insurance operation to AmTrust Financial Services Inc. as CEO Tom McInerney divests assets to bolster capital amid tighter regulation on companies that back home loans in the U.S.

Home prices in 20 U.S. cities rose at a faster pace in the year ended August, a sign the industry continues to strengthen on improving demand.

Combined with the disparate impact theory, recently recognized by the U.S. Supreme Court under the Fair Housing Act, the HMDA rule further compounds legal risks and business challenges to lenders.

The financial condition of the Federal Housing Administration’s mortgage insurance fund has improved “significantly” over the past year, Department of Housing and Urban Development Secretary Julian Castro predicted late Monday.

First Mortgage Corp. in Ontario, Calif., has stopped originating mortgages and plans to cease operations.

The homebuilder says his mortgage shop was ready for the new mortgage disclosures. No problems so far.

Home prices increased 0.3% from July and 5.5% year-over-year in August, putting them just below their precrisis peak, according to Black Knight Financial Services.