Origination

Oregon lawmakers passed an $800 million bonding package to fund construction projects.

Kevin Derricott of Rocklin, Calif., now faces 20 months in prison for his role in a scheme to defraud lenders out of millions of dollars.

Volatile interest rates have been pressuring down mortgage REIT portfolio values leading to historically low quarter earnings not likely to improve until 2014.

Global DMS said its valuation management software has been integrated with DataQuick’s collateral validation analytics solution.

The spike in interest rates last week affected both purchase and refinance application volume, as the total number of loan applications submitted the week ended July 5 declined by 4% on a seasonally adjusted basis from the previous week.

Rising rates, and for FHA loans the mortgage insurance premium change, have pushed many New York loans above the subprime threshold and stalling the market as a result.

The jumbo residential mortgage-backed securitization is collateralized by a $440 million pool of First Republic Bank-originated and serviced loans.

This is what he sends out when he has a referral, has tried to reach them a few times but hasn't heard back.

Even though MGIC Investment Corp. and Radian reported strong June numbers, they were the biggest losers on a percentage basis of the Mortgage Industry Equity Composite stocks on Tuesday.

Wells Fargo plans to issue a $1.4 billion conduit transaction called Wells Fargo Commercial Mortgage Trust 2013-LC12.