Origination

Wells Fargo Home Mortgage is exiting the reverse mortgage wholesale production channel, a spokesman confirmed. However, it still will originate these loans through the retail channel.

Hudson City Bancorp, an active correspondent buyer of residential loans in the mid-Atlantic area, revealed that it soon may become the subject of an "informal regulatory enforcement action" known as a 'memorandum of understanding.'

While residential sales remain at low levels, some Federal Reserve district officials are noticing increased foot traffic at open houses with their contacts expecting a bounce in home sales this spring, according to the agency's new 'Beige Book.'

Ally Financial said late Wednesday that the U.S. Treasury will be repaid $2.7 billion from the sale of all the Trust Preferred Securities that the agency holds in the bank holding company and mortgage lender.

The Ventas Inc. acquisition of Nationwide Health Properties “reinforces the buzz in the health care REIT industry,” declared an analysis of the deal by Zacks Equity Research.

Daniel Jacobs, the former chief executive of 1st Metropolitan Mortgage, is keeping his hands in the branching game, albeit from an employee-employer matchmaker role.

C-BASS founders Bruce Williams and Saul Sanders are talking to mortgage banker New Penn Financial, Plymouth Meeting, Pa., about buying the company, according to three sources familiar with the deal.

As home lenders fret about a forthcoming regulatory proposal on risk retention, Freddie Mac soon will require a little more skin in the game from their borrowers.

At least 20 lenders are participating in FHA's principal reduction program to refinance underwater borrowers with two major lender/servicers launching pilot programs of their own, according to Federal Housing Commissioner David Stevens.

Mortgage insurer Old Republic International Corp., Chicago, hopes to raise $500 million through a pair of concurrent debt offerings.