Origination

Emery Federal Credit Union, Cincinnati, will become the first lender to provide mortgages through a new online origination and pricing platform being launched by NeighborWorks America, a nonprofit that focuses on housing issues.

In the wake of Bank of America leaving the wholesale business, at least two former competitors announced they would take appraisals originally intended for B of A on loans that are being submitted to them.

Total Mortgage Services of Connecticut sees a silver lining in Bank of America's recent, and abrupt, exit from the wholesale channel: the void created will help TMS grow its broker business even faster.

The head of Astoria Financial Corp. declared the outlook for residential mortgage portfolio lenders "remains challenging."

Total Mortgage Services, a fast growing New England nonbank lender, has hired Michael Dimech as its new operations chief.

Fidelity National Financial chief executive Alan L. Stinson is stepping down from that job, but remaining with the company as an executive vice president. Chief operating officer George P. Scanlon will take over the CEO job.

In drafting risk retention rules, federal regulators should consider the impact capital and accounting requirements will have on issuers of private-label MBS, according to a new report from the Federal Reserve Board.

On behalf of commercial banks, insurance companies and mortgage servicers, loan sale advisor DebtX plans to sell $1.1 billion in commercial real estate and residential loans in 10 separate transactions through early December.

Long-term fixed rates backed off record lows a bit in Freddie Mac’s closely watched weekly survey as short-term Treasury-indexed rates, which borrowers have had comparatively little interest in recently, fell slightly to record lows.

Industry veteran Tom Wind, who has headed such mortgage powerhouses as Chase Home Finance and Aurora Loan Services, has been named managing director of J.I. Kislak Mortgage LLC, Miami Lakes, Fla.