Origination

Prospect Mortgage has promoted Amy Brandt to chief operating officer.

The recent increase in mortgage rates has not materially affected the demand for new homes.

New York Community Bancorp said mortgage banking contributed $23.2 million to total revenue in the second quarter.

Higher mortgage rates along with a new Federal Housing Administration policy that kicked in recently could hurt the purchase market as well as refinancings.

Radian's common stock closed up 0.29% after reporting a second-quarter net loss.

Sixty-four percent of investors who worked with a Realtor in California indicated they are going to keep the property for more than a year, while 36% of investors intend to flip the property within a year.

The seller also would like to establish a co-issue flow relationship along with the bulk Fannie Mae servicing rights sale.

In the second year of the U.S. housing recovery, the loans that helped trigger the housing bust are making a comeback.

NYCmortgageLO posts on the Mortgage Grapevine that a client had a large deposit in his or her bank account in March, but no large deposits in the more than 90 days since.

Soon after announcing plans to shift its servicing focus, Flagstar recorded a quarter-to-quarter net income increase.