Origination

Reverse mortgage lenders in Massachusetts have gained a two-year reprieve from enforcement of the state’s face-to-face counseling requirements scheduled to go into effect on Aug. 1.

Fannie Mae is pressing its seller/servicers to repurchase $14.5 billion of bad mortgages but only a small portion of those buyback requests involve loans originated after 2008.

The Federal Housing Finance Agency on Wednesday slammed plans by some local governments to use eminent domain to refinance underwater mortgages.

Silvergate Bank said it has gotten the approval necessary to become a Home Equity Conversion Mortgage issuer from Ginnie Mae.

Will other correspondent buyers of residential loans follow in the wake of PHH Mortgage and exit the third-party channel?

Freddie's strong operational performance is sustainable, and it is a reminder that the government-sponsored enterprises could serve as a cash cow for private investors.

Residential mortgage applications fell almost 2% for the week ending August 3, according to new figures compiled by the Mortgage Bankers Association. The comparison is to the week prior.

Western markets are catching the turnaround fever, according to the second quarter ‘Top Turnaround Town’ report from Realtor.com.

Fannie reported comprehensive net income of $5.4 billion in the second quarter, a stunning 74% improvement from 1Q and will require no financial assistance from the U.S. Treasury Department.

Guarantee Rate Inc., one of the fastest growing mortgage bankers in the U.S., is in talks to buy Manhattan Mortgage, New York, a large brokerage shop that had close ties to Wells Fargo Co., according to industry officials who were briefed on the matter.