Origination

Note auctions are becoming more popular as an effective way of disposing of smaller distressed assets, especially for servicers that have historically shown high liquidation volumes, according to a Barclays Capital commercial mortgage securitization research report released late Tuesday.

An item that appeared on nationalmortgagenews.com June 20 and in the June 20 print edition of National Mortgage News inadvertently used information from a different time period than the first quarter of 2011.

Rising interest rates resulted in reduced refinance volume, and as a result overall mortgage application volume fell by 5.9% for the week ended June 17, according to the Mortgage Bankers Association.

Small mortgage banking companies suffered a 66% drop in profitability in the first quarter as the refinancing boom came to an abrupt end in January and managers rushed to cut payrolls and other expenses.

Wells Fargo & Co.—the nation’s largest originator of reverse mortgages—is kissing the product goodbye, while another top-ranked lender, MetLife Home Loans, is ramping up.

ORLANDO, FL—While a majority of homeowners see good value in borrowing against the equity they have in their homes, a new survey has found that they also tend to believe the step should be taken only in case of an emergency.

If Congress does not act in time to increase the federal debt ceiling, the Federal Housing Administration will likely shut down -- cutting off a key source of mortgage credit for homebuyers.

Fannie Mae has priced its second multifamily DUS REMIC in 2011 and in doing so employed a structure not previously used within its guaranteed multifamily structures program.

Florida saw a 3% increase in single-family existing home sales on a year-over-year basis in May, but the median sales price fell by 5%, according to the state's Realtor group.

Mortgage lenders moving forward in today’s post-downturn environment are increasingly either aiming to become bigger or join bigger players while at the same time keeping a tight lid on their risk. In doing so, they exemplify the line the market needs to walk between the push for growth and the need to continue avoiding undue credit exposure.