Origination

A Kansas thrift has teamed up with Bankers Portfolio to refinance underwater mortgages where investors have agreed to take principal writedowns that meet requirements of a Federal Housing Administration program.

We may have reached "the chicken or the egg" stage in social media marketing: does it drive your traditional marketing efforts or it is the other way around.

TMG Financial Services, Des Moines, said its credit union Structured Finance CUSO will finance mortgage lending for credit unions through myCUmortgage, a program put together by the Wright-Pratt Credit Union of Ohio.

Forthcoming regulations could make conventional mortgages more expensive to the wide swath of homebuyers and owners who can't put 20% down, depressing originations and potentially undermining the housing recovery.

People's United Bank, which entered the warehouse space just a few months back, has already amassed applications of credit for almost $500 million, according to the company executive in charge of the program.

Mortgage bankers originated $16.8 billion of Federal Housing Administration-backed loans in February, a 27% decline from the prior month, and a sign that the spring home buying season may not be off to a rosy start.

Berkadia Commercial Mortgage LLC, Horsham, Pa., has introduced a new floating-rate commercial mortgage loan program for loan originators nationally that enables borrowers seeking to acquire or reposition properties using non-recourse commercial mortgage debt.

Community Trust Bank, Dallas, ended 2010 with $200 million of warehouse lending commitments on its books, according to newly released survey information.

Groups affiliated with Gerald J. Ford and Robert M. Bass have agreed to put money into troubled SWS Group Inc., Dallas.

The nation's 'Robo-signing' scandal has left the Federal Housing Administration with a backlog of nearly 176,000 loans that were in the process of being foreclosed upon at the end of 2010.