Origination

MountainView is offering another mortgage servicing rights portfolio, this one a $486 million Fannie Mae first-lien fixed-rate mortgage servicing rights package with a large Home Affordable Refinance Program component.

We're hearing that after some rough sledding the last few years, mortgage servicing is once again contributing to the profitability of the nation’s biggest lenders.

Approximately, 64% of the bonds are expected to recover 50%-100% of their current outstanding balance, while 24% are expected to have a 0% recovery rate.

Equifax has integrated its Point in Time and Spectrum Verification Service tools into its retro income verification platform designed to enable users to reduce mortgage loan repurchase requests.

A multifamily building under construction in a working-class Manhattan neighborhood promises to offer a new avenue to creating moderate-income housing in urban areas.

Davis + Henderson Corp.'s acquisition of Harland Financial Solutions is a "big deal," simply because it involves so many credit unions using products supplied by the two companies.

Federal Housing Administration single-family originations spiked in May before dropping 23% in June as mortgage rates jumped and FHA mortgage insurance became more expensive.

Higher home prices are starting to shut out buyers in certain markets in California, while in Florida the market gained strength in the second quarter, with more closed sales, higher median prices, more pending sales and a shrinking inventory.

Gleacher & Co. has hired Blackstone Advisory Partners as advisors to consider potential mergers, acquisitions or other business combinations.

Mortgage Harmony Corp. said its new product is now making adjustable-rate mortgages attractive again.