Origination

ViewPoint Financial Group said the average balance of mortgage loans in its Warehouse Participation Program fell 19% in 1Q13 compared with 4Q12. However, when compared with 1Q12, there was a 16% increase.

New York Gov. Andrew Cuomo is calling on the credit scoring and reporting agencies “to stop the lowering of credit scores” for Hurricane Sandy victims.

Bank of America and American Asset Corp. have settled their dispute over 10 loans, ending the litigation between the bank and various borrowers; AAC controls and manages those properties.

PennyMac Mortgage Investment Trust has priced a private offering by its PennyMac Corp. subsidiary, a $200 million aggregate principal amount of its exchangeable senior notes due 2020.

The company also reported its first-quarter earnings were up 18%.

As housing markets continue to stabilize across the country with rising home prices and inventories shrinking in these cities, this ultimately leads to the possibility for a higher potential of mortgage fraud.

Lender Processing Services had net income of $54 million in 1Q13, a 13% increase over the $47 million earned in the same quarter last year, even though revenue decreased 3% between the two periods. In 4Q12, when it settled some of the legal matters, LPS earned $2.8 million.

The Department of Housing and Urban Development is reviewing the qualified mortgage rule and it may modify the safe harbor provision for Federal Housing Administration-insured loans.

Aligning key mortgage servicing indicators and best practices with the Customer Financial Protection Bureau guidelines is a win-win for servicers.

CoreLogic reported in its first-quarter results that it had acquired Case-Shiller from Fiserv back on March 20 for $6 million.