Origination

Iron Hound Management Co. recently completed the refinancing for two New York deals that was over $400 million.

The votes have been counted and Mortgage Technology is pleased to announce the finalists for the 2013 Lenders’ Choice Mortgage Technology Award.

As the last day of hearings on the $8.5 billion Countrywide settlement closed without a conclusion, analysts warned investors’ wait for payouts could be much longer.

The Prestwick Mortgage Group is now offering a $252 million Fannie Mae A/A and FHLMC Gold Arc servicing portfolio on behalf of a federal savings bank.

Credit unions should see the “opportunity in the challenge” offered by the new mortgage rules from the Consumer Financial Protection Bureau.

At 4.32%, the weekly survey average for the 30-year rate is the lowest it has been since the week ending July 25, according to Freddie Mac.

Among other things, the technology suite provides a view of the loan pipeline, productivity stats and private-label branding.

Through the end of August, the U.S. loan delinquency rate—loans 30 or more days past due, but not in foreclosure—stands at 6.2%.

Mortgage lenders have come a “long way” over the past year in terms of easing their credit standards.

Battered by defaults on loans it insures, the Federal Housing Administration is expected to tap the Treasury Department for $1 billion to $1.5 billion to plug a budget shortfall.