Origination

One Grapevine poster keeps hearing there is a ton of money sitting on the sidelines waiting.

Stonegate Mortgage Corp., a nonbank mortgage company based in Indianapolis, has opened a new branch in Southlake, Texas.

The American Bankers Association has endorsed the mortgage unit of SunTrust Banks as an outlet for banks to sell mortgage loans.

Bankrate’s weekly national survey shows rates rebounded for all loan types with the 30-year fixed mortgage rate climbing to 4.72%.

Financial institutions are on the lookout and preparing to fight new mortgage repurchase demands from the government-sponsored enterprises now reviewing files from as far back as 2002.

In August asking home prices increased 11% year-over-year but only 1.2% month-over-month and 3.1% quarter-over-quarter.

Stonegate Bank in Fort Lauderdale, Fla., has agreed to buy Florida Shores Bancorp in Pompano Beach.

The 30-year fixed-rate mortgage averaged 4.57% for the week ending Sept. 5, up from 4.51% the previous week.

Lenders continued to face challenges with loan growth in the second quarter as interest rates increased.

The Beige Book notes that the activity in residential real estate markets increased modestly during July and August.