Origination

A federal appeals court has directed NCUA and Barclays Capital to negotiate a possible settlement of claims in the corporate credit union crisis.

As a result of this scam, the loan funding companies lost nearly $1.3 million.

Richmond, Calif., has offered to purchase home loans from mortgage servicers and trustees and as part of its plan to restructure the underwater loans or potentially seize them through eminent domain.

Mortgage application volume has declined from the previous week even though the 30-year fixed-rate loan interest rate was unchanged, according to the Mortgage Bankers Association.

Ginnie Mae MBS issuance totaled $41 billion in June, basically unchanged from the prior month.

The Senate has passed a Home Equity Conversion Mortgage reform bill by unanimous consent that will give the Federal Housing Administration the authority to quickly fix its troubled reverse mortgage program by issuing mortgagee letters.

With mortgage rates dipping to all-time lows over the past couple of years, homebuyers had no choice but to become spoiled. Unfortunately, nothing good lasts forever.

Some wild and crazy letters of explanation from consumers to originators about having bad credit.

The number of state-licensed mortgage companies totaled 15,842 at the end of the first quarter.

Most Mortgage Industry Equity Composite members saw lower volume in their stock traded on Tuesday as the market waits for news from the Fed.