Origination

Nationstar Mortgage, Lewisville, Texas, is continuing talks to buy Bank of America's correspondent lending division, or at least parts of it, according to industry advisors who claim to have knowledge of the situation.

The New York Times is reporting that the government is seriously contemplating a broad-based refinancing of mortgages guaranteed by the two GSEs, Fannie Mae and Freddie Mac, in an effort to reduce payments by those borrowers who currently cannot refinance either due to negative equity in their homes or due to their own credit constraints.

Commercial banks are likely to lose the equivalent of 90% of the loan loss reserves they have set aside for commercial real estate loans, according to a new report from Deutsche Bank.

Fannie Mae and Freddie Mac hiked their guarantee fees in 2010, but the 10 largest seller/servicers to the GSEs continued to pay lower G-fees than their smaller competitors, according to a new report from the Federal Housing Finance Agency.

You've got to look up and out. That is where you build your business. According to world renowned business management author Peter Drucker, "Growth for any company is found outside of its four walls, not from within." That is where you will find the business – outside of your four walls.

Several large Wall Street firms that played a key role in financing nonprime lenders this week asked a federal judge to dismiss a nearly $2 billion civil fraud lawsuit filed by the trustee of Thornburg Mortgage, the now defunct jumbo/super jumbo lender.

House and Senate appropriators are giving the Government National Mortgage Association more flexibility to increase its staff despite Congressional emphasis on budget cutting and reducing deficits.

WASHINGTON — The government's share of the refinance mortgage market is even larger than previously estimated, according to data released Thursday by the Federal Reserve Board.

Residential loan brokers increased their origination market share by more than a full point in the second quarter, a sign that the sector may be gaining some momentum.

Housing starts surged in California during August, thanks largely to a huge jump in the multifamily sector.