Origination

A Florida title agent and former mortgage broker has been sentenced for her role in a reverse mortgage loan fraud scheme.

Fixed mortgage rates resumed an upward trajectory in Freddie Mac’s most recent weekly survey, with the average 30-year rate rising 18 basis points to 4.58% and the average 15-year rate rising 16 basis points to 3.6%.

Home prices rose 0.7% in June, according to a house price index based on Fannie Mae and Freddie Mac purchase mortgage transactions.

Insight Wireless Group is marketing $177.5 million of securities backed by mortgages on cellular towers.

An update sent to the monitor of the national mortgage settlement by the five banks that participate in the agreement showing they dispersed $51.33 billion in consumer relief assistance through June 30 is under review.

The best states for good health and building real estate wealth are Texas, North Dakota, South Dakota, Utah, North Carolina, California, Tennessee, Montana, Wyoming, Iowa and Arkansas.

The 2013 Top Tech-Savvy Lenders and Servicers commends mortgage companies that use technology to improve processes, provide exceptional customer service and increase business. Mortgage Technology is pleased to announce the mortgage companies named to this year's list.

Colony American Homes, a single-family rental company, is starting to lend to other landlords.

The National Community Reinvestment Coalition unveiled a new white paper that outlines two alternative proposals for integrating affordable housing into the larger mortgage finance reform debate.

Jumbo loan investors are beginning to loosen a little on their underwriting guidelines.