Origination

Cornerstone Group Development Corporation has agreed to pay millions in damages and to provide Fair Housing Act compliance training to its employees.

A Senate budget resolution to reduce government spending over the next 10 years extends a 10 basis point fee on Fannie Mae and Freddie Mac loans for another two years.

The level of home equity held by America’s senior citizens is now at the highest level since the second quarter of 2009, a beneficiary of the recovery in the housing market.

Deutsche Bank and Bank of America Merrill Lynch will issue $710 million of CMBS notes backed by the fee interest in Worldwide Plaza, a 47-story office tower located at 825 Eighth Avenue in New York City.

The Federal Housing Administration single-family program is experiencing heavy prepayments, but more than half of the borrowers are refinancing back into FHA loans.

The Refinance Index decreased 8% from the previous week, while the seasonally adjusted Purchase Index decreased 4%.

Credit Suisse Group AG, Switzerland’s second-biggest bank, was sued by a clearinghouse for German cooperative banks over $138 million in residential mortgage-backed securities.

Walter Investment Management Corp. executives who made headlines for aggressively pursuing large pools of mortgage servicing rights over the past few years plan to remain equally active.

Optimum has a little twist involving its celebrity endorser.

Only five of the 17 Mortgage Industry Equity Composite member stocks closed higher on Tuesday.