Origination

A federal judge ruled in favor of two investors involved in litigation against Bank of America offering an alternative insiders see as self-help in mitigating conflicts of interest between lenders and investors of asset-backed commercial paper.

The housing-fueled rise and rapid fall of Washington Mutual may be the most forgotten story of the financial crisis. Kirsten Grind, the author of a new book out Tuesday about WaMu titled "The Lost Bank," believes there are several reasons why the bank's story has yet to crack the public consciousness.

A federal judge has ruled in favor of two investors involved in litigation against Bank of America.

Shawn Miller has parted ways with nonperforming mortgage investor Arch Bay Capital, but is now starting a new origination firm backed by the company he left.

Radian Guaranty’s inventory of delinquent mortgage loans slipped under the 100,000 mark at the end of May, as nearly 1,900 loans were removed, while, Mortgage Guaranty Insurance Corp. had 1,725 loans leave its delinquent inventory during the month.

Navy Federal Credit Union is originating 3/5 and 5/5 conforming and jumbo adjustable-rate mortgages for as low as 2.875%.

Walker & Dunlop acquired CWCapital, creating one of the largest commercial real estate lenders in the nation.

CU Realty Services is using the occasion of its 10th anniversary to launch a long-awaited expansion campaign to increase the number of credit unions it serves.

Monday June 11 is the day the Federal Housing Administration’s new streamline refinancing option launches. (Lenders, start your engines.) Meanwhile, mortgage bankers and brokers are still busy writing as many new HARP 2.0 loans as humanly profitable.

A new wave of credit downgrades on the nation's megabanks could hit the market this week, causing nervousness among investors.