Origination

Bank of America Corp.'s share price spiked 17% Thursday morning on news that Warren Buffet's Berkshire Hathaway is investing $5 billion in the company.

In an ironic twist, the commercial banking industry is coming to the defense of the Consumer Financial Protection Bureau.

Sales of homes that were in some stage of foreclosure or bank-owned status accounted for 31% of all residential transactions in the second quarter, a slight decline from 1Q, according to new figures released by RealtyTrac.

If President Obama wants to create jobs in the building trades he should create a housing trust fund to finance the construction and renovation of rental units for extremely low-income households, according to non-profit housing groups.

Flagstar Bank FSB, a top 15 ranked residential lender, Wednesday afternoon acknowledged that it received a delisting warning from the New York Stock Exchange because of its low share price.

Real Estate Mortgage Network Inc., River Edge, N.J., has created an online consumer-direct mortgage lending operation under the name FinanceMyHome.com.

Alleviating fears in some corners of the reverse mortgage community, the Federal Housing Administration has put it in writing that the loan limit and maximum claim amount for the Home Equity Conversion Mortgage program will remain unchanged come Oct. 1.

Freddie Mac's third "K" multifamily mortgage deal backed by seven-year mortgages is in the works this week.

One Reverse Mortgage, Detroit, is the sponsor for the 3in4 Need More "Get Your Life Back" contest. The contest is for those who care for an aging parent or loved one and the winner receives week's worth of pampering, an in-home safety assessment, one-on-one care giving coaching and technology to support a range of care giving needs.

For the second week in a row, stock market volatility impacted the home purchase market, driving applications for these loans to their lowest level since December 1996 and resulting in the total number of applications received to fall by 2.4% on a seasonally adjusted basis for the week ended Aug. 19, according to the Mortgage Bankers Association.