Origination

Sabal Financial Group L.P. of Newport Beach, Calif., this week acquired a $153 million portfolio of loans located in some of the hardest hit regions of the U.S.

The Department of Housing and Urban Development late Wednesday said it suspended former LendAmerica president Michael Primeau from conducting any business with the agency after his admission that he engaged in a "wide-scale mortgage fraud scheme."

Radco Cos., a real estate asset manager and consultant, has acquired multiple bank-owned multifamily developments in its hometown Atlanta.

Community Trust Bank, Dallas, ended September with $288 million of warehouse commitments on its books, a three-fold increase from a year ago.

Pentagon Federal Credit Union, Alexandria, Va., said its PenFed Realty unit has acquired Prudential Carruthers Realtors, a leading real estate broker in the Washington metro area with more than 800 brokers.

Carol Galante came to Washington in early 2009 to run the Federal Housing Administration's multifamily program, but two short years later she's in charge of the entire agency, managing everything from single-unit insurance to reverse lending.

Mortgage bankers will fund just $900 billion in new loans next year, the industry’s lowest volume since 1997, according to a new forecast from the Mortgage Bankers Association.

The amount of home equity owned by American seniors fell by $63 billion between the first and second quarters, the National Reverse Mortgage Lenders Association/RiskSpan Reverse Mortgage Market Index found.

Mortgage applications increased by just over 1% for the week ending October 7, with refinancings remaining steady at about 79% of all new business.

The U.S. Supreme Court agreed to clarify the scope of a federal law aimed at protecting mortgage customers from being overcharged by companies that provide real estate settlement services.