Origination

A Mortgage Grapevine poster went off topic to discuss a news report regarding children being hurt by falling televisions.

Slightly less than half of the appraisers surveyed said their current level of confidence in the housing market was mildly or moderately strong at the end of 2Q13.

There has been some slight loosening in loan underwriting, but it has been somewhat counterbalanced for first-time buyers by increased Federal Housing Administration loan restrictions and costs.

MGIC Investment Corp. finished the second quarter with a net profit of $12.4 million, its first since 2Q10.

The bonds were all previously rated either CCCsf, CCsf, or Csf, which indicates that Fitch expected a default.

The American Bankers Association supports some reforms to the FHA single-family program proposed by House Financial Services Committee chairman Jeb Hensarling.

CU Direct Corp. has signed with TMG Financial Services to streamline loan originations.

Upgrades might be in store for some Russian residential mortgage-backed securities thanks to recently enacted amendments to the country’s MBS law.

Home prices rose 0.7% in May following a 0.5% increase in April, according to a house price index based on Fannie Mae and Freddie Mac purchase mortgage transactions.

Originators should be doing more than OK right now; they should be making lots of money.