Origination

The overall market, as well as investors in mortgage-related stocks, were pleased with the news that Lawrence Summers will not replace Ben Bernanke.

The spread between the one-month certificate of deposit interest rate and the 30-year fixed-rate mortgage is around 4.4% right now, about 55% higher than the 40-year historical average of 2.83%.

AmeriSave said it is eliminating published conventional overlays, citing strong performance in the loans that have been delivered to its wholesale division.

Genworth U.S. Mortgage Insurance is reducing its overlays and rates on loans that lenders deliver through Fannie Mae and Freddie Mac's automated underwriting systems.

A potential borrower is looking for a loan for a non-owner-occupied residential property.

We're hearing that a rising tide of new construction doesn’t have lenders worrying about a bubble in apartment building values...yet.

Kroll Bond Rating Agency has assigned preliminary ratings to COMM 2013-LC13, a $1.1 billion commercial mortgage-backed securities conduit transaction collateralized by 57 fixed-rate loans secured by 97 properties.

There was a 0.7% rise in home prices in July from June, according to the FNC Residential Price Index.

There were nearly 2% fewer homes sold in California in August compared with July’s revised figures, although it is over 3% when compared with August 2012.

Ginnie Mae MBS issuance totaled $35.3 billion in August, down nearly 10% from the prior month.