Origination

Since its founding in 2000, the Lenders One Mortgage Cooperative is a group that's been exclusively a group of community and regional residential lenders. But for the first time, it's allowed a mortgage investor to join its consortium.

Freddie Mac is making plans to price its third multifamily structured pass-through deal of the year.

Senators Jon Tester, D-Mont., and David Vitter, R-La., are urging the Federal Reserve Board to indefinitely delay implementation of its loan officer compensation rule which goes into effect April 1.

Gramercy Capital Corp., New York, has received a one-month extension in the maturity date from lenders on $791 million in loans for a payment of $3.5 million.

The recent earthquake in Japan may have damaged some coastal areas of Hawaii and California, including some Hawaiian hotel real estate securing commercial mortgage-backed securities loans.

Sales of existing single-family homes in Florida declined by 10% in the fourth quarter, with the median sales price down 5% year-over-year.However, sales of existing condominiums increased by 6% in the same timeframe, although the median sale price fell 18%.

Filling a need for content in the new business environment.Content is important for mortgage sales training meetings, especially in this era of rapidly changing market conditions. To meet the need for sales managers to provide their staff with the latest tools and information, Atlanta-based Xinnix has come out with Rapid Coaching, a one-year-long, 20-presentation cycle of sales meeting videos.

Lisa Schreiber, who has held a number of executive posts at different wholesalers, joined Total Mortgage Services LLC, Milford, Conn., to head up and grow the company’s six-month old effort in that channel.

The Federal Housing Finance Agency has extended a special program for one year so more borrowers can refinance and lower their mortgage payments.

Subprime credit default swap price increases slowed during February, a trend that could mean a "near-term plateau," according to a new report from Fitch Inc.