Origination

We're hearing that many in the industry think getting a purchase deal is the Holy Grail for sustainable business and the best way to generate consistent profits over time.

PSM Holdings has received gross proceeds of $5.7 million from two private placement transactions involving preferred equity.

CBRE HMF Inc. is the first lender in the nation to finance two projects through the new Department of Housing and Urban Development's Low Income Housing Tax Credit pilot program.

The average rate for a 30-year fixed-rate mortgage remained stable at 3.53% in Freddie Mac’s latest weekly survey as other rates fell.

Nationstar Mortgage Holdings has purchased Equifax Settlement Services Holding, a provider of appraisal, title insurance and settlement services.

PennyMac Financial Services filed for a public offering of as much as $287.5 million.

Equity Residential generated normalized funds from operations in the fourth quarter of 75 cents per share.

Invesco Mortgage Capital generated 77 cents per common share of net income for the quarter ending Dec. 31, 2012.

PHH Corp. had fourth-quarter net income of $58 million and full-year net income of $34 million, as the mortgage origination business provided a pretax profit of $99 million for the quarter and $416 million for the year.

Anyone interested in finance should walk on the floor of the New York Stock Exchange and see the opening trading bell rung at least once in their lives.