Origination

A trial has resulted in a Las Vegas mortgage agent being convicted for his role in a mortgage scheme that resulted in $1.43 million in fraudulent loans.

A new online wholesale trading platform was launched by SecondaryWire designed to accommodate the sale of brokers’ and correspondents’ loans to investors.

The Consumer Financial Protection Bureau said its consumer complaint system is now taking debt collection complaints related to any consumer debt.

Centerline Capital Group has completed a $4.7 million cash-out refinancing transaction on two multifamily properties in Chicago.

Greystone has provided Hawthorn Ridge Apartments in Woodridge, Ill., with an $8.5 million FHA loan.

JPMorgan Chase’s mortgage originations during the second quarter rose 12% year-to-year to $49 billion.

A study from the Federal Reserve Bank of Cleveland says the claim that Americans whose homes were underwater were unable to relocate for job purposes was a myth.

Bank of America said former workers who alleged the firm awarded bonuses for sending homeowners into foreclosure misrepresented their roles and made “impossible” claims about the lender’s assistance program.

Delinquent CMBS loans declined 19 basis points in June to 7.18% from 7.37% a month earlier.

The mortgage banking business added $2.8 billion to Wells Fargo’s noninterest income in the second quarter.