Origination

Only one member of the Mortgage Industry Equity Composite closes higher on Monday as the Dow Jones Industrial Average falls 71 points.

Navy Federal Credit Union has dropped its rates on jumbo 30-year fixed-rate mortgages to as low as 4.125% from a previous rate of 4.375%.

Even though there is perception that obtaining credit is more difficult than ever, MCS Mortgage Bankers is trying to dispel this myth.

Existing home sales in California rose 7% in July from June and by 1.5% over July 2012.

Applications for adjustable-rate loans now make up 6% of mortgage loan requests, up from 3% at the beginning of the year, though still well below the 32% peak in 2004.

NorthStar Realty Finance Corp. has priced its first collateralized debt obligation backed by commercial real estate of 2013.

Among the new rules brought into the world by Dodd-Frank are a set of tighter restrictions around how loan officers are compensated.

The Voice of Reason has posted the borrower has noticed that the lender/servicer has misspelled the property address on the monthly statement and on the warranty deed.

The transaction was completed for $50 million in cash and is expected to close in the next few weeks.

The Consumer Financial Protection Bureau's qualified mortgage rules and the agency's intention to pursue disparate impact claims expose mortgage lenders to enormous regulatory and legal risk.