Origination

A federal judge has dismissed an attempt by the New York Bankers Association to block a New York City law requiring an evaluation of community investments made by banks holding the city's deposits.

GoldenTree Asset Management has agreed to buy the assets of Origen Financial, a real estate investment firm, for $47 million.

New regulatory and investor compliance requirements have put a renewed emphasis on quality control measures. But lenders are discovering the additional costs of these efforts are outweighed by the savings from originating fewer defective loans.

The draft released by the top Financial Services Committee Democrat would remove adverse information from credit reports and require consumer data furnishers to retain records.

Mortgage applications fell to their lowest levels in nearly 14 years over the Labor Day holiday, according to a report Wednesday from the Mortgage Bankers Association.

A majority of U.S. teenagers consider homeownership part of the American dream and expect to perform many steps in the home buying process online, according to a recent survey.

Real estate investment trusts don't pose the credit risk to the Federal Home Loan Bank System that regulators claim they do, said the CEO of Two Harbors Investment Corp.

The Federal Housing Administration wants lenders to make fewer mistakes when writing mortgages for the government insurance program. The agency also wants to serve more borrowers with low credit scores. Getting both may be tricky.

Luxury homebuilders are elated by new jumbo mortgage opportunities for self-employed borrowers, but the decline in Federal Housing Administration lending continues to vex homebuilders that target entry-level buyers.

Fifth Third Bancorp in Cincinnati, Ohio, has named Michelle Van Dyke as president of its mortgage division.