Origination

Thanks to a $25,000 grant from the Bank of America Foundation, Mutual Housing California will start the predevelopment phase of 61 new apartments and townhomes for agricultural workers.

The California Housing Finance Agency is now offering several new programs to help low and moderate income, as well as first time homebuyers, purchase a home.

The Federal Housing Administration has changed the rules to help buyers whose credit was tainted due to the loss of a job or income reduction.

Sequoia Mortgage Trust 2013-11 is backed by 453 first-lien mortgage loans with an aggregate principal balance of $346,322,236.

Inlanta Mortgage bills itself as a fast-growing company within the context of the Milwaukee area, but when it came to getting its recent Fannie Mae seller-servicer approval the company was more meticulous than hurried.

The Mortgage Bankers Association is applauding regulators’ efforts to align the Qualified Mortgage and Qualified Residential Mortgage definitions while incorporating feedback from both the industry and customer advocacy groups into the new risk retention rule.

Fitch Ratings expects new nonresidential construction activity will remain positive for the remainder of this year and heading into 2014.

The Realtor’s leading indicator of future home sales edged down in July for the second month in row as potential buyers moved to the sidelines due to rising home prices and higher mortgage rates.

Responding to reports that mortgage lenders and servicers are accepting insurance tracking services from unaffiliated insurance producers, the New York Department of Financial Services is warning all parties involved that this practice is illegal in New York.

Congress banned the use of downpayment assistance on FHA-insured loans in 2008 but one Phoenix lender just got caught for reimbursing charitable housing groups that provided “gift” downpayments to homebuyers.