Origination

New York City Mayor Bill de Blasio's initiative for 200,000 affordable housing units over 10 years calls for a $1 billion investment from the city's five public employee pension funds and the use of tax-exempt 501(c)(3) governmental purpose bonds to finance middle-income housing.

The Federal Housing Administration's new electronic signature policy contains confusing language that could stifle lender adoption, despite its good intentions, paperless-mortgage advocates warn.

What might work better would be clarifying guidance on mortgage insurance premium rules, the meaning of bona fide discount points, and the rules for affiliate compensation.

Freedom Mortgage is expanding its retail lending footprint in the Western U.S. by purchasing the assets of BluFi Lending.

As a bill that could bring monumental changes to Fannie Mae and Freddie Mac works its way through the Senate, some credit union executives are concerned that larger players would have too many advantages at the expense of small lenders.

A roundup of comments on our Editor at Large blog, from the best and brightest to the not-so-bright.

The quarter's revenue and profits could have been worse, according to CEO Sig Anderman, especially since "following the outage we experienced on March 31, we incurred forensic and consulting fees."

It looks like average credit scores have fallen, but only if you examine GSE and FHA originations separately, the think tank's researchers say. When they are combined, the average holds steady.

The number of positions lost during the month was almost three times as large as in February.

Yes, subprime lending is picking up. But industry experts believe regulatory reform and new documentation requirements will prevent bubble-era style risk layering from re-emerging.