Origination

Higher fees charged by Fannie Mae and Freddie Mac to bring private capital back in the mortgage market might actually backfire by reducing borrower demand for home loans.

Terri Lynn Johnson’s plea was related to a $576,000 mortgage fraud and embezzlement scheme at the title company where she worked.

The median list price of a home for sale increased 0.45% in June from May and by 5.27% over June 2012.

The long-anticipated collapse in mortgage applications, finally a reality, stands to take a bite out of bank earnings in the second quarter and beyond.

Credit Suisse First Boston Mortgage Securities Corp. had three classes of its commercial mortgage pass-through certificates series 2002-CP5 downgraded by Fitch Ratings.

History shows that a rapid rise in interest rates tends to have little correlation with home prices, according to a Fannie Mae researcher.

The National Association of Home Builders/Wells Fargo Housing Market Index rose six points in July to 57.

Rentsys Recovery Services, a provider of disaster recovery solutions for community banks, credit unions and other enterprises, acquired EverGreen Data Continuity.

The refinancing share of applications for the second quarter was pegged at 75%, up from 70% in June’s forecast.

Which kind of mortgage sales person are you? Being proactive could save you some grief.