Origination

The mortgage technology company had the largest percentage loss among Mortgage Industry Equity Composite stocks.

Mortgage applications to purchase new homes rebounded 14% in July after a 15% drop in June.

While most loan officers (including Solter) work with Realtors, very few call on architects, who also deal with buyers.

Following its aggressive mortgage servicing portfolio expansion, Walter Investment Management Corp.’s drastic $142.8 million annual net income increase in the second quarter was not much of a surprise.

The Rancho Santa Fe, Calif., business operator is alleged to have obtained $2.2 million in mortgages using false information, including some agency loans.

Farmer Mac reported GAAP net income of $27.7 million for the second quarter, reversing a loss of $4.3 million for the same period in 2012.

The deal has a $325 million original balance that is backed by fee-simple and leasehold interest in a mall located in McLean, Va.

Origination News had a roundtable discussion with the officers of the Florida Association of Mortgage Professionals at the group's annual convention in Orlando, covering such issues as rising rates, recovering markets and regulation in the state.

Another complex loan scenario posted on the Mortgage Grapevine involves a borrower who reportedly has verifiable W-2 income.

Lender Processing Services had net earnings of $19.1 million for the second quarter, compared with a net loss of $37.9 million one year prior.