Origination

Freddie Mac's third-quarter results suggest that the mortgage giant is living off the refi boom: in 3Q its secondary market acquisitions supported home purchases of 1.4 million units, but 5.6 million of refinancings.

In what may be bad news for mortgage lenders, 30% of all California home buyers paid for their property with cash.

The Federal Housing Finance Agency recognizes that Fannie Mae and Freddie Mac likely will be around for a few more years—and the only way to reduce their dominance is to raise guarantee fees while providing a secondary market execution for private securitizations.

Back in July the credit union beefed up its jumbo ARM lending, rolling out new products with introductory rates as low as 2.875%.

Community bankers, which are increasing their presence in residential mortgages, expect to face some tough choices on staying independent.

The Federal Housing Administration, which guarantees 20% of all new mortgages, has raised premiums and tightened credit standards in an effort to avoid asking for a taxpayer subsidy.

Congratulations, Mr. President. What's your position on bailing out the Federal Housing Administration fund?

Estimates on property damage caused by Hurricane Sandy range from $20 billion to $50 billion.

Will the long-awaited qualified mortgage rule be unveiled by the Consumer Financial Protection Bureau before Thanksgiving?

It's the MSR sale of the century. And the century is still young.