Origination

One poster is seeking an answer from the Mortgage Grapevine community regarding investment property refinance guidelines.

UC Funding has funded an acquisition bridge loan secured by a first mortgage on a 304-unit garden-style Class B apartment community in San Antonio.

Speculation is growing that the GSE regulator is considering a reduction in Fannie Mae and Freddie Mac’s base loan limit to $400,000 from $417,000.

The Massachusetts attorney general said that Barclays will pay $36.1 million to settle allegations that it financed, purchased and securitized residential loans during the subprime mortgage meltdown.

Strategic Hotels & Resorts was able to get an amendment to cross-collateralized mortgage agreements on loans securing two luxury hotels.

Wells Fargo will invest $11.4 million to help accelerate the economic recovery through neighborhood improvement projects in 25 cities affected by the foreclosure crisis.

Bank of America is being removed from the Dow Jones Industrial Average at the close of trading on Friday and being replaced by Goldman Sachs.

Progress Residential, a single-family rental company started by former Goldman Sachs Group partner Donald R. Mullen Jr., obtained a $400 million credit line from Deutsche Bank AG.

Usually, loan officers with a lot of unclosed loans in the pipeline—and therefore commissions at stake—are hesitant to make a move.

CoreLogic said about 2.5 million more residential properties returned to a state of positive equity during the second quarter.