Origination

The Federal Housing Administration has opened the bids for its Sept. 12 sale of 5,000 nonperforming formerly insured FHA loans and the results are “very, very positive.”

Loan officer compensation rules do not distinguish between reverse mortgages and traditional mortgages, per se. Rather, they make other distinctions.

Old Line Bancshares Inc. has acquired WSB Holdings Inc. following a merger agreement that creates one of the largest banks serving the Maryland area.

Luther Burbank Savings has agreed to invest $2 million in low-income communities to settle a Justice Department lawsuit alleging it discriminated against minorities.

The Consumer Financial Protection Bureau opposes a proposed 20% downpayment requirement for low-risk mortgages.

A TD Bank homebuyer poll finds that American women place a higher value on homeownership than men do.

The Federal Open Market Committee said it would increase its holdings of agency mortgage-backed securities by $40 billion per month in a third round of quantitative easing.

Data show the vast majority of pre-retirees and older workers are overburdened by mortgage debt and other modern era expenses.

The Federal House Finance Agency is committed to building a common securitization platform that Fannie Mae and Freddie Mac both will use to issue their own MBS, but there will be no blending of their products.

The average rate for a 30-year Freddie Mac loan stayed at 3.55% for the week ending Sept. 13 as markets speculated on the possibility of further stimulus from the Federal Reserve.