Origination

Jumbo lender Redwood Trust has completed the approval process to a Fannie Mae and Freddie Mac seller/servicer.

Wells Fargo is laying off 763 employees in its Home Mortgage division.

The loan reviews will make sure lenders adhere to FHA origination practices and ensure the Federal Housing Administration is compensated for “defects in the lender manufacturing process.”

Goldman Sachs, Jefferies and Citigroup have lined up a $1.2 billion conduit CMBS deal that is backed by 84 commercial mortgage loans secured by 132 properties.

A LendingTree.com survey finds obstacles can impede casual searchers from becoming serious buyers.

Saiyid Naqvi, recently retired as chief executive of PNC Mortgage, has become the newest member of the board of directors of Freddie Mac.

Don Brinker, homeownership manager for MHDC, said USA Mortgage was rated “highest in volume and best in ongoing thoroughness and quality of submissions.”

All but two Mortgage Industry Equity Composite members closed lower on the day.

We're hearing a lot of feedback from readers of last week’s column.

As opinionated as ever, the Mortgage Grapevine has several posters giving their opinions of the president’s remarks.