Origination

In Mary Armstrong’s plea, she admitted that the straw buyers defaulted on the loans, resulting in lenders and secondary purchasers such as Fannie Mae and Freddie Mac to suffer losses of up to $20 million.

Lender Processing Services’ February Home Price Index increased 1% over January but over 7% when compared with February 2012.

HomeStreet said its net gain on mortgage loan origination and sales activities in the first quarter was $54 million, down 22% from $69 million in 4Q12 but up 83% from nearly $30 million for 1Q12.

Capital Trust Inc. will be changing its name to Blackstone Mortgage Trust Inc. on May 6.

The National Association of Realtors’ leading indicator of future existing home sales increased in March, but contract activity in recent months is only improving modestly.

The banks object to a consolidation, saying each of the cases has separate claims, defendants, originators, disclosures, loans and evidence.

While lenders will be scrambling to meet the deadlines, the Consumer Financial Protection Bureau faces its own challenges in implementing rules throughout this year.

Some reflections and even some marketing lessons on the six-month anniversary of Hurricane Sandy affecting the south shore of Long Island.

D.R. Horton sold and closed more homes in the quarter ending March 31 than any other U.S. builder.

The grant will help various nonprofits, such as NeighborWorks America, to train and support their member organizations.