Origination

Consumer attorneys and legal services groups are urging the Federal Reserve to withdraw a proposal that might "eviscerate" borrowers' rights to rescind abusive mortgages and stop foreclosures.

The mortgage lending subsidiary of manufactured home builder Palm Harbor Homes is not part of the company's Chapter 11 bankruptcy petition, a statement from the company said.

William Moody has joined Williston Financial Group Inc., as an executive vice president and head of its New Millennium Title lender services division. He will also serve on WFG's executive committee.

More data show commercial mortgage-backed securities delinquencies have been climbing at a notably slower rate, but experts are still seeing downgrades increase and more challenges ahead.

There was a slight decline in new private mortgage insurance written between September and October, even as the Federal Housing Administration's new pricing took affect at the start of the month.

WikiLeaks, the controversial website that released thousands of classified State Department cables this week, says it plans to reveal potentially damaging documents from a major U.S. bank early next year.

Paramount Residential Mortgage Group, Corona, Calif., funded $244 million of residential loans in the third quarter, its best origination month in its 10-year history.

Radian Group CEO S.A. Ibrahim said the company should return to operating profitability "at some time in the future." But when, he told the FBR Capital Markets Fall Conference, will be more of a function of when the company is able to deal with its portfolio of late stage delinquencies.

The two federal agencies that have a stake in regulating consumer privacy issues, the Department of Commerce and the Federal Trade Commission, are expected to issue recommendations for a privacy regulatory framework.

LOS ANGELES—With the successful completion of its payment assistance plan for homebuyers who are laid off from their jobs, the California Association of Realtors has launched a new program, this one paid for by sellers.Some 5,500 first-time buyers took advantage of the original Mortgage Protection Program, which gave buyers up to $1,500 per month for up to six months if they got laid off.