Origination

Small lenders are hoping a new representation and warranty framework by Fannie Mae and Freddie Mac will offer them alternatives to loan repurchases.

Mortgage rates across major loan product types rose nationally this past week, up from their lowest rates of the year.

The nearly 45% of new insurance written for other types of mortgage lenders could be a sign that the formerly credit union focused company is gaining some traction in the broader market.

Auction.com, which got a $50 million investment from Google in March, said it will use the Internet-search company’s big-data capabilities to try to predict U.S. home sales and other trends ahead of competitors.

The court asked another governmental entity to remedy the plight of non-borrowing spouses facing foreclosure. So far options appear to give few consumers relief.

Bank of America Corp. Chief Executive Officer Brian T. Moynihan, who was named chairman this month, said legal costs stemming from defective mortgages are largely behind it.

McGraw Hill Financial said it's negotiating a possible settlement of government investigations into how its S&P unit graded commercial mortgage-backed securities and recorded a $60 million charge to cover the costs.

The credit quality of U.S. commercial mortgages being packaged into bonds slipped further in the third quarter as borrowers piled on more debt, according to Moody's Investors Service.

Mortgage executives who have long decried new regulations as excessive are increasingly becoming resigned to the fact that changes are here to stay.

Mortgage loan application volume decreased last week as both refinance and purchase volume slowed down.