Origination

LRG Capital Real Estate Partners, San Francisco, plans to launch a new investment fund targeting institutional investors that want to buy undervalued commercial properties in the Bay area.

A senior regulator said banks must better align capital buffers with commercial real estate concentrations, and he recommended a smaller role for auditors in setting loan-loss reserves.

Arch Bay Capital, an investor and manager of delinquent mortgages, appears to have scuttled — for now — its plans to enter the origination business, according to industry officials that have worked with the firm.

Big banks are showing more interest in outsourcing, according to Fidelity National Information Services Inc., Jacksonville, Fla.

BB&T Corp. cautioned that it could experience "elevated charge-offs" in the third quarter as it gets more aggressive in disposing of bad loans.

Residential loan applications fell 8.9% last week but with purchase money loans taking up a slightly larger percentage of all new business, according to figures compiled by the Mortgage Bankers Association.

Follow through—sounds like I’m going to use some type of sports analogy, right? Nope. I have been working at breakneck speed over the last couple of weeks on the new release of my Reverse Mortgage Success system (Reverse Mortgage Success 2.0) and as I was compiling the components, I was reminded of how much has changed in our business in a short time.

The nation's GSE regulator Wednesday voiced his concern about the slow pace of seller/servicers repurchasing problem loans from Fannie Mae and Freddie Mac, singling out the nation's megabanks for their poor performance in this area.

First American Title Insurance Co., Santa Ana, Calif., is merging its National Lenders Advantage and Equity Loan Services units into a new Mortgage Services division.

The Pennsylvania Credit Union Association has signed on with First Heritage Financial, LLC to help the state's CUs provide mortgage loans to their members.