Origination

WASHINGTON—The Consumer Financial Protection Bureau’s initiative to revamp the good-faith estimate has gotten off to a good start with the release of two prototype disclosures.

Radian Guaranty Inc., Philadelphia, reported an increase of just over 8% in the number of new notices of delinquency between April and May, while the number of cures fell 13%.

Grubb & Ellis Co., Santa Ana, Calif., is selling its 51% stake in Alesco Global Advisors, a real estate investment fund business, to Lazard Asset Management LLC. Terms of the agreement were not disclosed.

Ally Financial Inc., the bank holding company that controls the nation’s fifth largest residential lender, has delayed – for now – its initial public offering, according to industry advisors who do business with the company.

I would first like to review FHA’s key tenets and current performance. FHA, at its core, is an insurance program. And like any successful insurance program, it needs to spread its risk.

For the third straight month, delinquencies for commercial mortgage-backed securities experienced minimal changes, according to Fitch Ratings.

Isn't social media cool? Since I graduated college in 1992, I've been involved with two of the biggest fundamental shifts in communications in our history, mobile phones and social media.

MB Financial Inc. in Chicago is marketing $400 million of troubled commercial real estate and construction loans, and has hired JBS & Associates of Chicago to solicit bidders.

A Texas mortgage broker, Rodney Anderson, has single-handedly pushed for legislation that requires medical bills of $2,500 or less to be expunged from credit reports if the debts have been paid or settled.

Earlier this year the Federal Reserve installed new regulations governing how loan brokers can be compensated – and the results are in: the broker/wholesale market share fell to 6.9% in the first quarter, the lowest reading ever recorded by National Mortgage News and its affiliate, the Quarterly Data Report.