Origination

The mortgage industry’s early attempts to inject self-service into the transaction were not very effective.

Freddie Mac is projecting a 15% bump in purchase money mortgages in 2014, fueled largely be what its chief economist calls "a high degree of affordability."

FirstREX said it has been offering the financing for up to half the downpayment on purchase loans in combination with RPM Mortgage.

On Friday 12 of the 17 Mortgage Industry Equity Composite members closed lower as investors worried about the budget and when the taper would begin.

Fannie Mae’s recently priced multifamily DUS REMIC included a feature that was new for its multifamily desk.

There were 20,933 sales of existing single-family homes in Florida during August, up 12.5% from the same month last year.

Every so often, the posters on the Mortgage Grapevine take the time from their busy schedules and reflect on the meaning of life.

PennyMac’s first jumbo mortgage-backed securities deal in its planned form does not have a master servicer, unlike previous deals in the space.

A study of the investment portfolio of 34 life insurance groups by Fitch Ratings found they have made a modest allocation shift into less liquid assets, including commercial mortgage loans.

The Boston City Council unanimously passed a bill aimed at improving banking practices in low- and moderate-income neighborhoods, including those related to mortgage lending and foreclosure prevention.