Origination

CitiMortgage is cutting approximately 1,000 positions, mostly in originations and mortgage default functions in its Las Vegas and Irving, Texas, offices.

Pending home sales in California continued to take a hit in August because of rising interest rates, although distressed home sales fell to lows not seen in nearly six years.

BSI Financial Services received an initial residential mortgage servicing outlook from Fitch Ratings as stable, which is a positive step for the company moving forward.

A pickup in issuance of commercial mortgage-backed securities has yet to affect pricing, according to analysts at JPMorgan.

Barclays’ latest regional housing update report singles out Meritage as the builder with the “most attractive” metropolitan statistical area exposure among homebuilders.

The properties had been originally funded through the USDA Rural Development Section 515 program.

Many cities across the country have seen home prices continue to climb basically every month over the last couple of years, and August was no exception to this trend.

A recent bank deal in St. Louis shows that M&A can be a real time-saver despite the grunt work.

The effort, which starts today, could help boost the flagging refinancing boom in the U.S.

This technology takes the full appraisal report and looks for red flags for the mortgage underwriter to follow up on.