Origination

Federal regulators need to create a definition for "qualified residential mortgage" that is safe for homebuyers, but not so safe that it funnels most of the business into the Federal Housing Administration insurance program.

Impac Mortgage Holdings, a former alt-A giant that survived both the housing bubble and a NYSE delisting, has launched a new wholesale division, promising the industry "pipeline transparency" and "industry innovation."

Sales of existing condominiums rose 15% in Florida in the third quarter as lower prices continued to attract both domestic and foreign bargain hunters.

Three U.S. senators are urging federal regulators to consider industry analysis of the default risks on certain loan products and features in drafting a rule that will exempt "qualified residential mortgages" from risk retention rules.

Mortgage rates continued their race to the basement, setting new lows for the week ending Nov. 11, according to a new survey compiled by Freddie Mac.

TPG Capital's purchase of the property information division of MacDonald Dettwiler and Associates puts the California-based private equity firm squarely in the middle of the foreclosure crisis.

Mortgage underwriting standards have become "excessively tight" and the Federal Housing Administration and GSEs need to "reassess and amend their policies," according to the National Association of Realtors

Pentagon Federal Credit Union, Alexandria, Va., one of the most active CU home lenders in the Washington, D.C. metro market, plans to open as many as ten new offices of its wholly owned PenFed Realty unit.

A California mortgage lender says its partnership with a technology and warehouse funding provider made it the first to use a warehouse line of credit to originate a fully electronic mortgage and sell it directly to a government-sponsored enterprise. The transaction represents a unique mortgagee/warehouse lender relationship that’s rarely seen in the mortgage industry. If it catches on, it would represent a dynamic shift in how warehouse lenders operate.

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