Origination

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%.

Fitch is registering some concern about what it describes as a “very rapid rise” in the number of U.S. large-loan commercial mortgage-backed securities deals in recent months.

Homebuilder NVR Inc. reported higher sales and new orders in the first quarter along with a 40% jump in mortgage banking income from year ago.

This enforcement action serves as an important lesson to lenders who enter into marketing agreements with builders, title companies and Realtors.

Some mortgage technology and software providers are seeing increased demand for Software as a Service solutions in the foreclosure-to-rent marketplace.

JPMorgan will issue $505 million of notes backed by the beneficial interests in a pool of four commercial mortgage loans backed by 82 properties.