Origination

Only Minnesota’s giant Mall of America draws more visitors than the Aventura, Fla.-based shopping center that backs the collateral interests in the more than $1 billion commercial mortgage-backed securitization.

Often one of the biggest obstacles to a refi has been the need for a subordination agreement from a junior lien holder.

Small lenders have reduced their payrolls by 11,000 workers since June.

The city of Los Angeles is seeking damages for reduced property tax revenue and the costs of maintaining foreclosed properties, the complaint says.

This rule allows the CFPB examiners an easy way to trace the funds without having to dig through papers.

The HECM lender is licensed in 43 states and issues Ginnie MBS.

The real estate brokerage adds that when compared with 2012, the drop-off is not as severe.

These firms believe they will continue to grow their businesses.

Both private mortgage insurers got buy recommendations from the investment bank.

There is no place on the new loan estimate and closing disclosure for disclosing lender-paid compensation, says Don Frommeyer, president of the National Association of Mortgage Brokers. Thus the form might not be appropriate for mortgage brokers to use. Several readers commented on Frommeyer’s statement.