Origination

The July 2013 Clear Capital Home Data Index Market Report indicates the current 9.3% in annual gains remain below peak values that continue to adjust until they reach the new normal in home prices.

It sounds like people are optimistic about Freddie Mac’s recent risk-sharing transaction even though they have some questions about them.

People who purposely default on their mortgage have gotten a lot of attention in the past few years, but only a tiny percentage of North Texans think such action is ever justified.

SunTrust Banks in Atlanta has committed $5 billion to fund commercial mortgages originated by MetLife.

Grapevine poster MTB has started a thread commenting on the latest malaprop from Vice President Joe Biden regarding the word “jobs” and the number of letters used to spell it.

Barry Habib, chief market strategist for Residential Finance, said the latest CoreLogic HPI report is very encouraging because it does account for some of the recent rise in rates.

Analysts credit improving housing prices and low interest rates that helped homeowners refinance or sell for driving down delinquencies and the average mortgage debt from $188,341 in 2Q12 to $187,635 in 2Q13.

PHH Corp. Tuesday commenced a tender offer to purchase for cash up to $300 million aggregate principal amount of its $450 million outstanding amount of 9.25% senior notes due 2016.

Starwood Property Trust, a Greenwich, Conn.-based real estate investment trust which makes commercial mortgage loans, had net income of $62.3 million for 2Q13, up from $44.5 million one year prior.

The origination business at Nationstar Mortgage Holdings is currently benefiting from strong refinancing activity but the giant servicer also is focusing on the purchase mortgage side.