Origination

Nationstar Mortgage is financing nearly 60% of KB Home’s new orders.

JPMorgan has another prime jumbo mortgage-backed securities deal in the pipeline, according to three companies’ presale ratings reports.

One poster says that brokers should expect wholesalers to trim the number of originators they have approved.

Ellington Management Group is looking to get into the loan production business and towards that end it has hired former GMAC Mortgage executive Steven Abreu as head of mortgage originations.

Lender Processing Services has had a turbulent couple of years since the beginning of the robo-signing scandal from 2010 to the present day that included lawsuits, a consent order and several settlements of charges. The robo-signing allegations involved an LPS unit that allegedly created bogus mortgage assignments so that foreclosures may be processed more quickly and efficiently.

New Residential Investment Corp. has invested $38 million to acquire certain cash-flow privileges from mortgage servicing rights recently acquired by Nationstar Mortgage.

Home prices jumped 1.3% from February to March as the spring home buying season got off to a good start.

Potential homebuyers are worried about the inventory shortage and rising prices in regards to current market conditions.

New home sales rose 2.3% in April following an upward revision in March sales and prices rose at a fast pace.

Under the settlement, Ally will pay $1.95 billion in cash to the ResCap bankruptcy estate, plus $150 million in insurance proceeds.