Origination

CoreLogic and Blueberry Systems have formed a partnership to offer fraud prevention technology to lenders and servicers.

Australia's Macquarie Group will acquire Presidio Partners LLC, a San Francisco and Chicago-based firm that raises private capital for real estate transactions. Terms of the deal were not disclosed.

USA Federal Credit Union, a small CU chartered to serve Navy personnel in the San Diego area, said it will be bought by Navy Federal Credit Union, one of several bidders for the ailing institution.

Although refinancing has continued to be muted given all the post-downturn market conditions that counteract today’s rates, reaction to recent prepayment reports show some speeds are still surprising to the upside in some cases.

Independent mortgage banking firms earned an average profit of $917 per loan originated in the second quarter, a 51% increase from 1Q as production volumes increased and personnel costs fell.

Is there a magic bullet out there that will let mortgage sales people increase their volume? Odds are, no. But a pair of authors has turned to some of the great names in sales training to come up with some tips for sales professionals to thrive in today's economy.

WASHINGTON—The Federal Housing Administration is opening the door for conventional borrowers with negative equity to refinance into government-insured loans.The agency recently issued guidelines for its FHA Short Refinance Program, which requires investors to accept writedowns on first and second mortgages (if necessary) to a combined loan-to-value ratio of 115%.

Mortgage insurer Radian Group said its inventory of delinquent loans has fallen for eight consecutive months, but expressed concerns regarding where the trend might be headed in the fourth quarter.

What a difference two years make. Fannie Mae cleared 123 new Florida condominiums for financing in the first eight months of 2010, according to Condo Vultures.

Long Beach, CA-There is a need for mortgage originators to get the word out about the Federal Housing Administration 203(k) Streamline because it meets the needs of today's marketplace, especially for first-time homebuyers as well as purchasers of real estate-owned properties, the national training director of Plaza Home Mortgage said.