Origination

The third party originations channels will “grow exponentially” over the next few years, and First Guaranty Mortgage Corp. wants to be ready for that, the company’s top executive said.

Federal Housing Administration may not be able meet increasing demand for multifamily and health care facility loans this summer when the agency is expected to run out of loan commitment authority.

Wells Fargo was the top originator for commercial mortgage-backed securities and loans sold to other investors.

Sales of previously owned homes rose 0.8% in February from the prior month as single-family sales were flat and condominium sales jumped 9%.

Data show the link between energy-efficient homes and mortgage default risk is not just a plausible, economically sound theory.

Naqvi is leaving the company at around the same time the CEO of PNC Financial Services Group, James Rohr, is retiring.

Enterprise said that its banking subsidiary has reached a deal to buy Gorman & Gorman Home Loans, a division of F&M Bank and Trust in Hannibal, Mo.

The 30-year mortgage rate dropped to 3.54% and origination projections for the year increased slightly to $1.75 billion from $1.7 billion.

The $34 billion servicing pool is made up of performing Freddie Mac and Fannie Mae-backed mortgages that currently have higher-than-market interest rates and are expected to be refinanced post-closing.

The seasonally adjusted HPI published by the Federal Housing Finance Agency Thursday morning shows that prices rose 0.6% in January after a 0.5% increase in December.