Origination

The Department of Housing and Urban Development Mortgagee Letter 2013-26 provides minimum underwriting standards for evaluating borrowers who have lost their job or had another event which resulted in reduced income.

Independent banks and their subsidiaries reported loan profits of $1,528, which is down from $1,772 on loans originated in the first quarter.

The Department of Housing and Urban Development has given four organizations a total of nearly $13 million in grants that will end up creating at least 718 affordable homes.

Zais Financial Corp., Red Bank, N.J., has purchased a residential mortgage loan portfolio with an unpaid principal balance of $98.2 million.

Rosemary Berkery, who heads UBS's U.S. bank, explains how UBS is offering wealthy customers new banking products, like mortgages and credit cards.

Approximately 12.2 million homeowners with a mortgage were in negative equity at the end of the second quarter.

There was a 10 basis point decrease in the price of whole loans securing commercial mortgage-backed securities in July.

The Freddie Mac Primary Mortgage Market Survey finds the average rate for the 30-year fixed rate loan is still 92 bps higher than it was for the same week last year.

As the industry works feverishly to interpret new guidelines pouring out from the CFPB, there are a large number of changes that must get done between now and the end of this year.

As the housing market continues to recover, the foreclosure inventory is declining quickly, data from a CoreLogic report revealed.