Origination

Senator Barbara Boxer, D-Calif., is pressing the GSE regulator to adopt several changes to the Home Affordable Refinancing Program, allowing Fannie Mae and Freddie Mac to refinance more underwater borrowers.

Freddie Mac purchased $21.7 billion of mortgages from its seller/servicers in July, its worst acquisition month of the year and only about half of what it bought in January.

Brennan Investment Group LLC, a Chicago-based private real estate investment firm, has formed a joint venture with TriGate Capital LLC, Dallas, to purchase industrial properties across the nation.

For many years, mortgage originators have pitched to consumers that the ideal situation is for them to come see their loan officer to get prequalified before going home shopping.

A roughly 7 basis point increase in 30-year weekly rates and gains in bond yields from recent record lows could dampen refinancing applications a bit unless they motivate a significant group of fence-sitting borrowers to act.

Home prices rose just under 1% in June after a 0.4% increase in May, according to new figures compiled by the Federal Housing Finance Agency.

PSM Holdings Inc., Roswell, N.M., has agreed to buy Iowa Mortgage Professionals Inc., a banker/broker based in Des Moines, Iowa.

American Realty Capital Properties Inc., New York, said it expects its initial public offering to close on Sept. 6, with trading of the company's common stock to start the following day on the NASDAQ Capital Market, that exchange's tier for small cap stocks.

Del Mar DataTrac Inc. fits very well into the customer acquisition strategy that Ellie Mae laid out to investors as its was preparing to do its recent initial public offering, an executive with the Pleasanton, Calif.-based mortgage technology provider explained.

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