Origination

Big players remain largely absent from the re-emerging private-label residential mortgage-backed securities market.

The results of the Consumer Financial Protection Board’s rulemaking process add costs and time to the loan origination process.

In March, DataQuick said 10,215 new and resale houses and condominiums closed escrow in the Miami metropolitan area.

Credit unions and their CUSOs are looking to create new growth opportunities in everything from investments, to some untraditional lending activities and even collections.

Fannie Mae and Freddie Mac loans must comply with the requirements of the qualified mortgage rule starting in January.

Mortgage Bankers Association officials believe the market is improving but not fast enough, and a move toward government-sponsored enterprise reform needs to happen while refinancing is ensuring a liquid market.

A common securitization platform is under full scale development and should be ready for significant testing by next year.

Thomas Marano is leaving the chief executive officer’s post at Ally Financial Inc.’s bankrupt Residential Capital mortgage unit.

The Federal Housing Administration multifamily program is slated to shut down in August unless Congress provides HUD with an additional $5 billion loan commitment authority.