Origination

Mortgage Investors Corp., St. Petersburg, Fla, received the largest fine in Federal Trade Commission history for Do Not Call list violations.

Compared to the first recovery years, full-service hotel prices are increasing at roughly the same pace as apartment prices.

Both the largest loan and another loan have split loan structures where the property also supports a pari passu companion loan.

After a one day pause, the stock market resumed its climb, and 13 of 17 Mortgage Industry Equity Composite members joined in.

The chairman of the House Financial Services Committee wants private investors to share in some of the credit risk on Fannie Mae, Freddie Mac and Federal Housing Administration loans.

Senate Banking Committee chairman Tim Johnson and Sen. Mike Crapo have reached an agreement on a measure to shore up the Federal Housing Administration.

Through MPF Xtra, loans are aggregated and sold to Fannie Mae.

Applications for financing on new home purchases in June were down 15% from the previous month.

A poster on the Mortgage Grapevine is looking for a $150,000 second-lien loan on a property valued at $2.5 million and a first lien of $1.3 million.

W.J. Bradley Mortgage Capital executives find deciding whether holding or selling mortgage servicing rights is worthwhile for the company in the long run both tough and rewarding.