Origination

O2 Funding, Foothill Ranch, Calif., late this week closed its East Coast mortgage production operation, electing to concentrate on West coast lending, according to industry officials familiar with the matter.

Fannie Mae's latest multifamily DUS REMIC priced under its guaranteed multifamily structures program included some exceptionally large orders - and high demand for a yearend auction.

Perhaps, the National Association of Mortgage Brokers should license the Aretha Franklin song "Respect." As most industry professionals know, brokers have taken their fair share of blame for the mortgage/housing collapse while retail LOs at many shops have escaped scott free.

When is the best time to start ethics and values training? I suppose the obvious-sounding answer is, "Today at the latest!" However, if you are looking to end up with the very most effective ethics and values training, that answer may not really suffice.

An offhand, deleterious comment about mortgage brokers by President Obama has raised the ire of the National Association of Mortgage Brokers - and brought a strong rebuke from trade group president Donald Frommeyer.

A House Financial Services subcommittee has approved a bill that would establish a foundation for a new private-label securitization market for mortgages.

UMH Properties Inc., a Freehold, N.J. real estate investment trust that owns manufactured housing communities, has received a new $15.5 million mortgage from Oritani Finance Co., a subsidiary of Oritani Bank. The loan is a refinance secured by five MH communities located in Pennsylvania.

Kirchmeyer & Associates, an appraisal and real estate data company, is rebranding itself as The Kirchmeyer Group and has created a new division to offer alternative valuation products.

The average weekly Freddie Mac survey rate for the 30-year fixed rate mortgage dropped 5 basis points during the week ending Dec. 15, returning to its record low of 3.94% for the first time since the week ending Oct. 6.

Are the challenges of a difficult market bringing business intelligence technology to the fore in mortgage lending?