Origination

Fannie Mae chief economist Doug Duncan on Monday raised his 2011 origination forecast to $1.2 trillion, up from a recent forecast of $1.09 trillion.

It appears as though lower GSE loan limits may soon become reality, but that hasn't stopped housing, realty and mortgage trade groups from promoting the issue.

Industry veteran John Robbins, who exited the business six years ago, next week will announce that he's reentering mortgage banking with a new retail/wholesaler lender.

Rialto Investments, the distressed asset arm of home builder Lennar Corp., took a $10 million charge relating to its joint venture with AllianceBernstein LP in the third quarter.

The Department of Housing and Urban Development wants All American Home Mortgage Corp. to indemnify the Federal Housing Administration against future losses on five loans that were endorsed for more than $1 million that violated industry guidelines and reimburse the agency $181,515 for associated fees paid on one loan that had underwriting deficiencies.

The National Association of Home Builders said Monday that its index of builder sentiment fell in September to a reading of 14, one point below the prior month.

Residential lenders issued $27.8 billion of Government National Mortgage Association MBS in August, a slim gain of just $14 million from the prior month, according to new figures released by HUD.

The White House plan to refinance upwards of $2 trillion of problematic GSE loans is running into a roadblock: MBS investors, in particular foreign buyers that are allies of the U.S.

Mike Perry, who led IndyMac Bancorp until its collapse in 2008, is trying to rehabilitate his image, waging a public campaign rarely seen from an executive of a once high flying mortgage lender.

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