Origination

The California Association of Realtors reported that the share of REO and short sales fell to 29% of sales in March from 33% in February.

Single-family home sales in Florida increased 9% in March over the same month last year while pending sales increased 23%.

Five Ten Capital closed a $100 million financing facility with Deutsche Bank that is backed by mortgages on rental homes.

Regulatory oversight continues to be a top issue facing the origination industry in industry recruiting firm Hammerhouse’s latest annual survey of active participants in that market.

President Obama’s budget includes the possibility of a $943 million bailout of the Federal Housing Administration and its Mortgage Insurance Premium Fund.

Oregon District Judge Michael W. Mosman sentenced Tu Ngoc Tran of Portland to 63 months in prison following his conviction in a jury trial on drug and mortgage fraud charges.

Navy Federal Credit Union is pushing its proprietary Home Buyers Choice Mortgage, a 100% loan-to-value ratio mortgage program with no private mortgage insurance required.

Moody's Investors Service, Kroll and Fitch have assigned their respective top expected/preliminary ratings to four classes of residential mortgage-backed securities issued by Sequoia Mortgage Trust 2013-6.

Sales of previously owned homes slipped 0.6% in March from February as the supply of homes on the market edged up for the second month in the row.

Home sales in Illinois increased almost 14% in March compared with the same month in 2012, while median prices increased nearly 4%.