Origination

HSBC Holdings PLC is contemplating selling its "A" paper mortgage banking affiliate in Depew, N.Y., a sale that—if it comes off—would only include its servicing operation, which ranks 17th nationwide.

The GSE regulator Thursday issued new affordable goals that Fannie Mae and Freddie Mac are expected to meet this calendar year.

Standard & Poor's Corp. this week added ZAIS Servicing Asset Management, Dallas, to its "Select" servicer list for firms working in the commercial mortgage specialty servicer space.

New York State Governor David Paterson has signed into law amendments to the state’s real estate agency disclosure law to take effect on January 1, 2011, which will permit consumers to give their advance consent to dual agency representation.

CP Federal Credit, Jackson, Miss., will give away a foreclosed home on Friday during a noon ceremony at its headquarters, as part of its "Wish Upon A Home" giveaway program.

Delinquency rates on commercial mortgages were mixed in the second quarter. The rate on banks' commercial and multifamily mortgages appears to have reached a plateau, while the delinquency rate for loans in commercial securities continued to climb during the period, according to the latest data from the MBA.

David Frase, executive vice president in charge of warehouse lending at Southwest Securities FSB, Dallas, has left the company, industry officials confirmed to National Mortgage News.

The National Association of Realtors' gauge of future home sales rose 5.2% in July after falling 28% since April when two federal tax credits for home buyers expired.

Again and again collateral risk industry concerns deriving from differences between appraisals and broker price opinions, and related fraud, are being solved by hybrid valuation options that some say are making more headway in the market.

Fixed-rate mortgages as well as the five-year adjustable rate loan tracked by Freddie Mac continue to reach record lows.