Origination

Caliber Funding has added three new senior vice presidents to its executive management team.

MGIC Investment Corp., Milwaukee, lost $152 million in the second quarter, as new default notices outpaced cures, but it sees future opportunity to regain market share.

One Reverse Mortgage LLC, San Diego, has gotten the go-ahead from Ginnie Mae to securitize Federal Housing Administration Home Equity Conversion Mortgages.

Foundation Financial Group, the Atlanta-based company that recently opened a regional sales center in Dallas and earlier this year one in Rochester, N.Y., is in the process of adopting a more traditional retail branching strategy.

A long-time veteran of the mortgage industry is making the case that video clips, delivered over the Internet, are the answer to the problem of educating consumers, not only about the loan process, but financial services in general.

The biggest improvement a mortgage originator can make to its back office is bringing in the expertise needed to run an efficient back office, said an executive with one of the leading outsource providers of these services.

California home sales increased 1.2% on a seasonally adjusted basis between May and June, according to the California Association of Realtors.

Several months ago, Bank of America notified KB Home that it wanted to end their joint venture in the mortgage industry, which does business as KBA Mortgage, but it was willing to continue the relationship in an alternative fashion.

Two congressmen from high cost housing states have introduced legislation to extend the maximum $729,750 loan limit on government-backed loans for another two years.

Two Harbors Investment Corp., a REIT with jumbo plans and an additional equity offering in the works, was one of the most actively traded stocks on the NYSE Friday afternoon.