Origination

A new hybrid appraisal product is now being offered that fills the gap between an automated valuation model with property condition report and a field appraisal.

The firm has entered into a definitive agreement with an undisclosed national depository to acquire a pool of mortgage servicing rights backed by Fannie Mae.

A big increase in short- and long-term affordable rental housing demand means the window of opportunity for multifamily and foreclosure-to-rent investors and developers nationwide continues to expand.

Home equity investment/sharing products have had mixed success historically but FirstREX appears to be making some inroads supporting home purchase downpayments in the Pacific Northwest.

The luxury builder has commitments from two banks to buy non-QM loans.

Mortgage application volume increased slightly on a seasonally adjusted basis over the previous week.

Gov. Andrew Cuomo is proposing regulations that expand mortgage relief options available to homeowners who owe more than the current market value of their homes and share benefits with investors.

If you’re getting business like you’ve always done it, prepare to exit loan originations.

Standard & Poor’s expects the credit quality of new issue commercial mortgage bonds to deteriorate in 2014 as the result of increased competition among lenders.

Among the products being dropped are 95% loan-to-value ratio mortgages and loans for borrowers with low-to-mid range credit scores.