Origination

The Texas state constitution must be amended for lenders to be able to offer the HECM for Purchase product, proponents said.

Even though the Dow once again had a triple-digit gain, nine Mortgage Industry Equity Composite stocks closed lower, while just eight were up.

A credit risk specialist at the Office of the Comptroller of the Currency is warning banks to prepare for increasing losses on their home equity lines of credit over the next four years.

If implemented as-is, the latest risk retention proposals that U.S. regulators released Aug. 28 will lead to changes in deal structure and credit quality in commercial mortgage-backed securities.

GPT Property Trust has obtained a $100 million senior secured revolving credit facility from a group of lenders led by affiliates Deutsche Bank.

A poster on the Mortgage Grapevine is looking for a jumbo loan on a single-family property in Washington.

A mortgage fraud ring of professionals operating in Syracuse allegedly obtained more than $1 million from lenders while preying on first-time home buyers and taxpayers.

HomePlus Mortgage has been rated by LendingTree’s consumer users as the top lender for providing consumer service in the second quarter.

Homebuilders continued to test pricing in a rising rate environment and some builders got too aggressive.