Origination

During the recent housing recovery the industry focus switched on operational efficiency and loss mitigation cost management.

Detroit’s struggles during the latest financial crisis and housing meltdown has been an ongoing issue for a long time.

Wells Fargo agreed to an $869 million settlement with Freddie Mac to resolve disputes over faulty loans sold to the government-backed firm before Jan. 1, 2009.

Barclays topped the list of mortgage-backed securities bookrunners for the first nine months of 2013.

Home prices rose 0.9% in August but at half the pace of the July increase.

A joint venture comprised of Hudson Realty Capital and Apollo Global Management acquired a $200 million portfolio consisting of nonperforming, commercial real estate loans and REO properties.

August was the best month in terms of the cure/default ratio since April for the members of the Mortgage Insurance Cos. of America.

The African-American community lost more than half its net worth as a result of the housing debacle and the ensuing economic crisis.

The Eleventh Federal Home Loan District Cost of Funds Index for August is 0.956%, which is just 0.2 basis points higher than it was in July.

If the Internal Revenue Service is not processing lender requests to verify borrower information, it could result in substantial delays in closings.