Origination

Conventional purchase apps are down 4% from the prior week and on an unadjusted basis, total purchase application activity is down 1% from the same week last year.

Citigroup has nearly $20 billion in home equity lines of credit and it is preparing for the worst when borrowers must start paying back the home equity loans.

The $350 million in proposed senior unsecured notes due 2021 currently have a 50% to 70% chance of recovery in a default for those reasons.

Having a continuity management plan in place helps to manage the situation.Having a continuity management plan in place for surviving any situation.

Potential homebuyers are staying on the sidelines because of fluctuating mortgage rates, the government shutdown and the debt ceiling battle.

Investors in mortgage-related stocks are upset with no solution to the stalemate.

Government has a role in everybody’s lives, but some members of the mortgage industry feel that for them it is beyond obtrusive.

The Michigan State Housing Development Authority is investing millions in a statewide campaign that will demolish some of the state’s 78,000 vacant and abandoned properties.

Massella is moving over to Envoy from Caliber Funding, where he was senior vice president of wholesale lending.

More than five years after sales of U.S. mortgage-backed securities froze, banks, investment firms and others in the business are seeking to accelerate a revival of issuance by reducing mistrust among market participants.