Origination

Fidelity National Financial has gotten the lenders representing nearly three-quarters of its $800 million credit facility to agree to an amendment and extension of the line to help pay for the acquisition of Lender Processing Services.

In this segment of a roundtable discussion from the 2013 Mortgage Bankers Association’s National Fraud Issues Conference, the panelists explain how a closing agent is now doing a vendors job verifying the information that is submitted on a loan application.

While overall application volume decreased by 3% from the prior week on a seasonally adjusted basis for the week ended June 21, purchase applications were up, the Mortgage Bankers Association said.

Some lenders are still operating under the old “fix it later” mentality.

After including new issuance the so-called serious delinquency rate is at 8.2%.

The bipartisan bill calls for winding down Fannie Mae and Freddie Mac which currently purchase loans from lenders for cash.

The Miami Beach home of Centrust’s former chairman David Paul was sold for $30 million.

The CMBS market is poised for its worst month in almost two years after the Federal Reserve signaled it may curb stimulus efforts as the economy shows sign of improvement.

The good news caused 16 of the 17 Mortgage Industry Equity Composite stocks to close higher than they did on Monday.

Banks face a looming financial risk from home equity loans, an international ratings agency is warning.