Origination

The National Credit Union Administration sued Credit Suisse Group, charging the Zurich-based company with misleading three corporate credit unions about the riskiness of mortgages that backed securities Credit Suisse bundled and sold to them.

The U.S. Bureau of Labor Statistics reported that employment in the mortgage banking and brokerage sector rose to 280,500 in August from 277,700 in July.

Fitch has placed its servicer ratings on Ocwen and Homeward Residential on Ratings Watch Negative status.

The Federal Housing Finance Agency is seeking public comments on a new securitization platform for Fannie Mae and Freddie Mac.

Alan David Tikal is facing charges that he bilked more than 1,000 homeowners in a multi-state, multimillion-dollar mortgage scam.

Out of the seven swing states in the upcoming presidential election, six of them saw year-over-year increases in home prices in September.

Berkshire Hathaway’s interest in Residential Capital Corp. is beginning to waver, according to advisors and others close to the transaction.

Timothy Buzby has been promoted to president and chief executive of Farmer Mac, replacing Michael Gerber.

Multifamily mortgage origination volume increased 60% in 2011 over 2010, with $110 billion in loans produced.

Independent mortgage servicers are poised for explosive growth as litigation, new capital rules and risk weighting push traditional banks out of the business, said Wilbur Ross.