Origination

The Federal Home Loan Bank of Boston is teaming up bank employees with student volunteers from Bike & Build, a nonprofit organization whose mission is to construct affordable housing across the nation through cross-country bicycle trips that benefit affordable housing developers.

The Department of Housing and Urban Development’s Section 184 mortgage is the most successful loan ever to target American Indians.

Gramercy Capital Corp. has changed both its investment strategy and its management following completion of a strategic review.

Experian’s research data show over 20 million underbanked consumers may be eligible for financial products normally reserved for prime credit prospects.

Researchers at Andrew Davidson & Co. found that by some measures “affordability” has not risen since the housing bubble burst, but rather remained about the same.

It hasn’t been a good week for the loan brokerage community. On Monday Raj Date, the number two man at the CFPB, in a speech to the American Bankers Association blamed mortgage brokers (more or less) for the housing bust.

Thanks to rock bottom interest rates new mortgage applications spiked by 18% for the week ending June 8 on a sequential basis.

Wells Fargo & Co., the nation's largest home lender and issuer/servicer of GNMA loans, is telling its correspondents and brokers that it will only participate in the FHA's new "Streamline" refi program on loans its services.

More than 1.3 million people received assistance from a foreclosure mitigation counseling program.

Paramount Residential Mortgage hired former Caliber Funding official Dave Pilotte as its new wholesale manager in charge of the Inland Valley area and Southern California.