Origination

The New York Association of Mortgage Brokers recently convened its annual wholesale meeting where its leadership was heartened by the resurgence in wholesale.

The zigzag pattern of the stock market continued on Friday as 15 of 17 Mortgage Industry Equity Composite stocks closed lower.

Sales of California homes and condominiums rose 8% in May from the prior month, according to DataQuick.

There are three items contributing to the recent book value decline in mortgage real estate investment trust stocks: Prepay protection premiums evaporation; duration and duration extension risk; and mortgage basis risk.

Morgan Stanley and Bank of America Merrill Lynch are marketing $1.5 billion of commercial mortgage-backed securities.

In this new position, Patricia Kauker will be responsible for managing the reverse mortgage lenders training and development program and create initiatives that will help expand the program.

The prevalence of short sales is likely the most significant factor impacting foreclosure rate improvements and the housing recovery.

On the Mortgage Grapevine, poster Accptmort is looking for a commercial correspondent purchaser in Wisconsin who accepts loans or referrals from mortgage brokers.

DBRS found in a commercial mortgage-backed securities investor survey that the majority of respondents expect their holdings to increase over the next 12 months despite some concerns about loosening underwriting standards in the sector.

The Orion Financial Group has introduced i3, a proprietary mortgage document imaging and storage services software for small to medium-sized investors.