Origination

The Dow Jones Industrial Average gained 31 points, but only five Mortgage Industry Equity Composite stocks closed higher on Tuesday.

A poster on the Mortgage Grapevine is looking for a new Small Business Administration program lender to hook up with.

The total value of the merger was approximately $26 million, with the two businesses now operating as CV Holdings Inc.

Fitch expects to assign its top investment grade rating to two classes of the more than $400 million transaction.

After an encouraging first quarter, New York City foreclosure activity is starting to pick up again.

Findings from a recent online poll reveal that close to one-in-five consumers believe carrying debt from month-to-month is a responsible way to manage their finances, but a mortgage is not what they have in mind.

The properties acquired due to this scam went into foreclosure and resulted in significant losses to the lenders.

Inlanta Mortgage has obtained its approval from Fannie Mae as a seller/servicer to the government-sponsored agency.

Residential Finance has started a core services division to work with real estate brokers and homebuilders to improve the delivery of services to those constituencies.

Losses on soured debt linked to a California shopping center that was foreclosed on more than three years ago surpassed 100%.