Origination

The American Civil Liberties Union sued Morgan Stanley for racial discrimination in allegedly pushing predatory loans that were likely to be foreclosed upon towards black homeowners.

Mortgage Guaranty Insurance Corp.’s portfolio of delinquent mortgages declined by just over 1,500 loans during September.

Citigroup reported net servicing and gain-on-sale revenue of $684 million in the third quarter—more than triple what it did a year ago.

A.M. Best and Demotech have maintained their stable outlook on title insurance underwriters following their respective examinations of industry data for the second quarter.

ICON Residential, which is in the process of being sold, is expanding its wholesale presence, hiring a former Wells Fargo official.

Industry veteran Jon Daurio, who’s forming a new nonprime lender, will focus on retail initially and hire 50 to 80 people.

JPMorgan Chase had strong mortgage earnings in the third quarter, but questions remain about its residential business, including a large additional writedown on home equity loans.

Thanks to the revised FHA Streamline program, GNMA issuance increased 11% in fiscal year 2012.

Successful mortgage originators remember their client's interests come first.

Historically, software integrations between companies has only been available to larger lenders due to the high costs of development and implementing integration solutions.