Origination

Clayton Holdings, Shelton, Conn., Tuesday announced the formation of a new securitization group to aid the industry in what it hopes will be a revival of the private label MBS market.

SG Premier Lending Group Inc., Santa Barbara, Calif., has ended its marketing relationship with RPM Mortgage and is now providing direct lending and mortgage brokerage services on both residential and commercial properties in California.

Bank of America said it is receiving more buyback requests for older vintages of loans from Fannie Mae and plans to contest some of these claims regarding breaches of representations and warranties.

The existing home market in the Baltimore, Md., area was basically flat in September, with both sales and prices rising by the thinnest of margins.

Freddie Mac economists are expecting a surge in refinancings during the fourth quarter and recently increased their origination forecast for the period by nearly 70%.

Fannie Mae's recently priced $577 million multifamily DUS REMIC highlights moves the agency is making to court an agency CMBS investor base that appears to be broadening as activity has subsided somewhat in the CMBS conduit market.

There is a tool available from the federal government that anyone in the mortgage sales process, from company owner down to the individual sales person can use to help formulate their marketing plans for both the near and distant futures.

Realtors are beginning to find that the lower GSE loan limits, which became operative Oct. 1, are having a negative impact on both homebuyers and sellers.

Examiners from the Consumer Financial Protection Bureau may look the same, but they won't necessarily see the same. The bureau is employing many of the same examiners -- and similar methods -- that the banking regulators have used for years to conduct exams, according to the CFPB's supervision and examination manual released last week.

Bank of America marked down the asset value of its residential servicing portfolio by a stunning 36% in the third quarter, but managed to post mortgage banking income of $1.8 billion during the period.