Origination

How different regions of the nation are performing in terms of mortgage loan originations could very well depend on what type of customer you are marketing to.

With this issue, National Mortgage News is completing its 35th year of independent coverage of the mortgage industry, and is getting ready to tackle its 36th.

Bank examiners are exploring whether the nation's depositories have accurately valued $845 billion of home equity and second liens, according to seven people with direct knowledge of the matter, according to a report by Bloomberg.

It's not looking good for fans of keeping the higher GSE loan limits, but that hasn't stopped housing, realty and mortgage trade groups from promoting the issue through their elected officials.

Home sales in August were up 4% over July and 18% higher than one year prior in 53 markets nationwide, according to the Re/Max National Housing Report. Traditionally, June is the highest sales month, but this year, it was topped by the other two summer months.

A Fitch Solutions report Friday shows the summer rally in U.S. subprime credit default swaps ended abruptly in August when most performance trends were negative and only an improvement in certain modifications seemed hopeful.

The boards of three related non-exchange traded real estate investment trusts are calling on shareholders to reject unsolicited tender offers made by the investment firm of MacKenzie Patterson Fuller LP.

CMG Mortgage, San Ramon, Calif., originated $275 million of home mortgages in August, a 44% increase from the prior month.

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House appropriators this week introduced a temporary measure that will continue to fund government operations, including the flood insurance program, through Nov. 18.