Origination

The downgrade reflects an increase in expected losses primarily due to updated property valuations on the specially serviced loans.

Purchases of primary residences rose 17% in 2012 compared to the prior year, while purchases by investors slipped 2%, according to the National Association of Realtors.

Delinquent loans in commercial mortgage-backed securities increased in March by eight basis points.

The percentage of consumers who were late on paying their home equity loans fell to 4.03%, their lowest level in three quarters.

New residential construction rose 2.2% in February following a 4.4% increase in the prior month.

Homebuilders could hire up to 30,000 new workers a month over the next year, according to economists at Deutsche Bank Securities.

As of April mortgage banks large and small are expected to ensure their loan originators take the so-called Uniform State Examination, which by default is relevant to servicers as well.

February’s report marks the first time in eight months that new insurance written fell below $10 billion.

Is it possible for a homeowner to get their house back even though it went into foreclosure or for a reverse mortgage if the sale date is only 30 days old?

The long-awaited goal of simplifying the testing process for mortgage loan originators seeking multiple state licenses took a big step forward on April 1.