Origination

First Niagara is scheduled to open a processing center next month in Syracuse.

In the third quarter Triad lost $33.3 million, a slight improvement over the 3Q11 loss of $37.5 million.

During the first nine months of 2012 the Chicago Federal Home Loan Bank processed $4.5 billion of MPF Xtra loans for Fannie, compared to $1.5 billion during the same period in 2011.

The Department of Housing and Urban Development declared that it will announce “a series of changes” Friday that are “designed” to put the FHA fund back in a positive position “within the year.”

After hearing, lawyer found guilty of professional misconduct involving distressed borrowers.

With construction activity, sales and home prices still well below pre-crisis levels, a revival of the U.S. housing sector still faces significant challenges and the benefits remain quite uneven.

The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.

Fannie Mae and Freddie Mac are now cash cows. But where will that money ultimately wind up?

Fannie Mae and Freddie Mac are turning into cash machines. But who will get that cash?

A strong sign that the housing market is improving was seen just looking at the attendance figures from the Mortgage Bankers Association’s annual convention in Chicago.