Origination

Everybody’s origination business should get a checkup.

Financial Funding, a New York-based commercial mortgage lender, has acquired Amerifunding, a New Jersey commercial lender.

With that status, the company can originate for sale to Freddie Mac (and retain the servicing rights on) mortgages securing independent living, assisted living, memory care and rental continuing care properties.

Cedonulli2 is a long-time Mortgage Grapevine gadfly who has done broker price opinions on troubled homes.

We're hearing the jumbo interest-only home loan popular with high-net-worth borrowers is still being made for now.

The consumer relief data sent to the mortgage settlement monitor show that within the first year since servicers signed the agreement they have distributed $50.63 billion in direct relief to customers.

Collectively, credit unions originated more than $100 billion in loans last year for the first time.

Rep. Mel Watt wants the Consumer Financial Protection Bureau to conduct a study on the fees charged by title insurance companies that are owned or affiliated with mortgage companies.

All eyes are on Texas legislators who in the next few days will determine how the state may use roughly $124.7 million in national mortgage settlement while some insiders worry about potential diversions.

360 Mortgage Group sees the exit of Chase Rural Housing from the wholesale U.S. Department of Agriculture loan purchase channel as an opportunity to grow its own business in this big but underserved market place.