Origination

JPMorgan Chase will go to trial on allegations by the Federal Housing Finance Agency of wrongdoing in the sale of securities backed by residential mortgages.

Several months back mortgage bankers from coast to coast were fretting about the inevitable: that when interest rates finally rise the refinancing gravy train that’s been sustaining mortgage bankers for the past 12 months will finally grind to a halt.

Giving in and looking for someone to help with the loan origination business.

Despite the lack of any big acquisitions, Nationstar's servicing portfolio grew slightly, to $198 billion in serviced loans, on the back of increased originations and two GSE portfolio acquisitions.

Fidelity’s title insurance business alone posted pretax earnings of $210 million, up from $138 million in 3Q11.

Election or not, the fate of mortgage banking hangs in the regulatory balance.

The Federal Home Loan Bank of Cincinnati purchased $1.9 billion of single-family loans from banks and thrifts during the first nine months of 2012, a 46% increase from the same period a year ago.

I was born, raised and currently live on the Rockaway Peninsula, one of the hardest hit areas by Hurricane Sandy. My family evacuated before the storm hit, but we saw the images on television of flooding and fires that struck our area.

Consumer Financial Protection Bureau director Richard Cordray, installed by Persident Obama in January without Senate confirmation, is expected to hold office at least until his recess appointment expires at the end of 2013, no matter the election victor.

Bond prices are improving due to the federal government purchasing mortgage-backed securities, which keeps interest rates low.