Origination

The Consumer Financial Protection Bureau has issued an interim final rule with request for comment regarding the issuance of temporary cease-and-desists orders.

The loan is secured by the borrower’s fee interest in a Midtown Manhattan office building.

Asking home prices rose 2% month-over-month in September and 11.5% on a year-over-year basis, but it is really hard to see in those numbers that growth in this area is slowing down.

All but two Mortgage Industry Equity Composite stocks closed lower on Thursday, day three of the government shutdown.

A post on the Mortgage Grapevine states a mortgage note was “misassigned” to MERS, an entity the poster’s company is not a member of.

Deloitte & Touche settled lawsuits by Taylor, Bean & Whitaker Mortgage Corp.’s bankruptcy trustee and Deutsche Bank over $7.6 billion in losses associated with the collapse of the mortgage lender.

The outgoing chair of the Mortgage Bankers Association, Debra Still, is looking forward to the future where she plans to continue her leadership role in the mortgage marketplace.

The lender turned down the mortgage based on CMG's guidelines, the complaint had alleged.

The bottleneck over getting Internal Revenue Service transcripts is beginning to hurt correspondent and wholesale lenders.

Starting in 2014, the Federal Home Loan Bank of San Francisco will purchase mortgages for its own portfolio using the MPF Original and MPF Government products.