Origination

The current events discussion on the Mortgage Grapevine has moved from the government shutdown over to the baseball playoffs.

Federal Reserve Bank of St. Louis president James Bullard said the government shutdown reduces the odds the Federal Open Market Committee this month will taper $85 billion in monthly bond purchases.

MGIC and Radian gain on news that NMI is going public.

Residential mortgage lender MCS Mortgage Bankers has made an addition to its senior leadership team by naming Barbara Kapps as the company’s new chief financial officer.

Interest rate concerns that forced mortgage REITs to trade at the lowest valuation during the past few years will be less of an issue going forward.

A bipartisan group of 66 members of the House of Representatives are letting the Federal Housing Finance Agency know they don’t want to see the loan limits on Fannie Mae and Freddie Mac reduced.

Mortgage applications received by homebuilders with mortgage lending subsidiaries fell by 1% in September from the prior month.

The housing industry appears to be returning to a healthy market again as foreclosures nationwide continue to fall in September.

Stonegate Mortgage’s initial public offering of 7.1 million shares started off strong Thursday with its stock rising initially by almost $2 in price.

Last year was “the golden age of multifamily finance” as dollar volume increased 33% over 2011.