Origination

Fortress Investment Group has closed its Fortress MSR Opportunities Fund II at $1.1 billion on grounds of substantial future opportunities in the residential mortgage servicing rights market.

Essent Guaranty said users of the FICS Loan Producer loan origination system can seamlessly order mortgage insurance coverage from the company.

Fitch's second-quarter U.S. CMBS cumulative default rate for fixed-rate CMBS increased 10 basis points from 2Q 2012 to 13.7%.

The PMI Group said the U.S. Bankruptcy Court for Delaware has confirmed the company’s Chapter 11 plan of reorganization.

Rising home prices and higher mortgage rates are beginning to trim sales expectations at the National Association of Realtors.

First BanCorp experienced a substantial net loss during the second quarter due to two significant transactions.

WSFS Financial Corp. has agreed to buy the mortgage banking company Array Financial Group in Haverford, Pa.

Rivals of MB Financial and Taylor Capital have been hit with questions about how the all-Chicago deal will remake the local banking landscape.

The Senate Banking Committee is slated to mark up and vote on a Federal Housing Administration reform bill on July 31.

Rising house prices and relatively low interest rates helped improve the outlook for the riskiest tranches of residential mortgage-backed securities.