Origination

PHH Corp., Mt. Laurel, N.J., could write up the value of its mortgage servicing rights by between $125 million and $175 million for the fourth quarter 2010, an earnings preview report from FBR Capital Markets predicts.

Citigroup Inc. is soliciting potential buyers for its subprime lending unit CitiFinancial, the Financial Times reported Friday, citing sources it did not identify.

"Let me drive the boat."It was the one statement from the creative director that I'd come to dread. It usually came within moments of his reading over my shoulder as I wrote advertising copy on my computer.It meant, "Get out of your seat; I'm going to start changing your work."

I’m pleased to have the opportunity to join everyone to discuss the findings of the Conference of Mayors’ Hunger and Homelessness Survey. I want to thank each of the 27 cities for participating in this survey, as well as the Conference of Mayors. In doing this survey these last two decades, you have helped us understand what was happening around the nation and prodded us to action.

Mortgage companies shed 1,300 full-time employees from their payrolls in November despite strong refinancing activity, according to new government figures released Friday morning.

There is an ample supply of building lots up for grabs these days, but real estate consultant John Burns doesn't think there is much of a market for them, at least not from the nation's largest home builders.

CUNA Mutual Group has hired Wisconsin Insurance Commissioner Sean Dilweg -- the man responsible for restructuring troubled bond insurer Ambac Securities – to head its mortgage insurance business.

Gerding Edlen Development of Portland, Ore., has handed over the keys to its $500 million Seattle condo project, Bellevue Towers, to lenders headed by Morgan Stanley Mortgage Capital.

CMG Mortgage Services is becoming one of an increasing rare breed: a nonbank lender with strong growth and a franchise model that relies on both retail lending and loan brokers

While Bank of America's settlement with Freddie Mac and Fannie Mae provides greater clarity for its ultimate exposure regarding representations and warranty losses, there is still uncertainty for the bank holding company regarding losses in the areas the deal does not cover, a report from Fitch Ratings said.