Origination

Citigroup, an active seller of nonperforming residential loans, recently sold a $1.4 billion pool of multifamily and commercial mortgages to OneWest Bank FSB, Pasadena, Calif., for an undisclosed sum.

Industry groups want the Federal Reserve and the Department of Housing and Urban Development to make the merger of the TILA and RESPA mortgage disclosures a "first priority" and halt other related rule changes.

The President's bi-partisan commission on deficit reduction wants to cap the mortgage interest deduction at $500,000 — a 50% reduction from current tax rules, according to a proposal released late Wednesday afternoon.

BlackRock Inc. hopes to invest upwards of $1 billion in jumbo mortgages with the hope of eventually issuing securities backed by the loans, according to secondary market officials familiar with the plan.

The Federal Agricultural Mortgage Corp., reported core earnings of $7.9 million in the third quarter, a five-fold increase compared to the same period last year.

Mortgage applications rose 5.8% last week on a seasonally adjusted basis, with similar increases for both refinancings and purchase loans, according to new figures released by the Mortgage Bankers Association.

The yield on the benchmark 10-year Treasury jumped above 2.7% on Wednesday, compared to a reading of 2.5% earlier in the week, a sign that mortgage rates may be headed upward.

Federal regulators should allow three-year ARMs and certain interest-only loans to be classified as "qualified mortgages" that will be exempt from risk retention rules, according to the Mortgage Bankers Association.

A heavy concentration in commercial real estate is an asset when Warburg Pincus comes calling.

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