Origination

Mortgage application volume increased 1.1% on a seasonally adjusted basis for the week ending May 20, with the gain in purchase applications outpacing the increase in refinancings. However, five weeks of declines in the interest rate on fixed rate loans came to an end, according to figures compiled by the Mortgage Bankers Association.

Although rising new issuance and increasingly successful loan modifications are helping slow commercial MBS loan defaults, delinquencies likely will climb 12% this year, according to a new report from Fitch on fixed rate conduit loans.

Freddie Mac's issuance of mortgage-backed securities fell 5% in April following a 38% drop in March, according to a monthly activity report the GSE issued Wednesday morning.

Generation Mortgage Co., a reverse mortgage lender based in Atlanta, has opened a branch office in San Juan, P.R. to serve senior borrowers across the island.

Retail originations by commercial banks and savings institutions fell 30% in the first quarter, on a sequential basis, according to new figures compiled by the Federal Deposit Insurance Corp.

Residential Credit Solutions on Tuesday said it sold a $110.6 million asset-backed security collateralized by performing and delinquent mortgages, real estate loans, and property.

Sterling American Properties is giving up a struggling three-building office complex in Hauppauge, N.Y., to its creditors after more than a year of missed mortgage payments.

WASHINGTON—As the debate continues over the future of Fannie Mae and Freddie Mac, at least one prominent conservative think tank director believes lenders can form a cooperative to issue mortgage-backed securities without a government guarantee or backstop.

When it comes to the social media, one of the themes I have consistently written is that you just can't have a policy of throwing things against the wall and hoping that some, if not all, of it sticks.

Sales of new single-family home sales rose 7.3% in April from the month prior to notch their second straight month of gains -- and prices increased – but compared to a year ago the business was still in a depression, registering a 23% slide.