Origination

Bank of America Corp. reshuffled top retail bank executives yet again this week, according to an internal memo obtained by American Banker.

The Federal Housing Finance Agency Monday morning unveiled long awaited changes to a White House refinancing program, waiving the LTV cap and certain origination fees on underwater Fannie Mae and Freddie Mac loans.

Arizona regulators this week seized control of the troubled mortgage insurance division of PMI Group, Walnut Creek, Calif., according to a notice posted on the company's website.

Calling his first meeting with GSE regulator Edward DeMarco "disappointing," the chairman of a House task force on housing stabilization wants more answers from the regulator - plus he wants to see the agency's national refinancing plan before it's announced publicly.

The credit quality of commercial mortgage-backed securities loans appears to be slipping a bit, according to a Moody's Investors Service report Friday.

MGIC Investment Corp., the nation's largest mortgage insurer, posted a net loss of $165 million in the third quarter while revenue and new policies written continued to slide amid a depressed housing market.

Speaking before a group about your business is definitely the lowest cost and best way to market your product or service and expand your customer base. From first hand experience I learned this important marketing lesson.

Cash may be king when it comes to buying a home, but for the nation's home builders, it's princely to have their own mortgage companies.

When it comes to the mortgage and housing bust don't blame ARMs. The proliferation of adjustable rate mortgages – and payment shock – during the boom years was not a major cause of the foreclosure crisis in this nation, Federal Reserve Bank of Boston economist Paul Willen told a Congressional panel Thursday.

The Senate late Thursday approved an amendment to restore the $729,750 maximum loan limit on government-back mortgages for two more years.