Origination

Bank of America asked a federal judge to dismiss a $1 billion fraud lawsuit filed by the U.S. alleging it sold defective residential mortgage loans to Fannie Mae and Freddie Mac that defaulted.

Ridgewood Savings Bank is working toward also starting a correspondent channel.

MGIC Investment Corp. lost $73 million in the first quarter, compared with a loss of $387 million in 4Q12 and $20 million in 1Q12.

As the mortgage industry contemplates its future, it is time to also consult with housing counselors.

The U.S. homeownership rate dropped to 65% in the first quarter, the lowest rate since 1995.

Since the economic downturn mortgage fraud has been a prevalent issue plaguing the housing industry for several years.

The members of the Mortgage Insurance Cos. of America received 43,278 new applications for private mortgage insurance during March, the most since last October.

The stock of distressed assets continues to decline nationally as foreclosure inventory is down 23% relative to a year ago.

House prices edged up 0.3% from January to February on a non-seasonally adjusted basis.

A dispute between a REIT, a healthcare corporation, two nonprofits and the Tennessee attorney general has been resolved resulting in approximately $40 million for charitable purposes within the state.