Origination

U.S. subprime prices may be hitting a plateau, according to Fitch Solutions' index.

Bank of America, in a new public filing, said it had $11.2 billion of "unresolved" mortgage buyback requests at June, a 50% spike since the beginning of the year.

Knight Capital Group Inc. has expanded its mortgage- and asset-backed securities capabilities in commercial real estate finance by hiring two managing directors in its Knight Libertas LLC unit.

CommonWealth REIT, Newton, Mass., has obtained a $750 million unsecured revolving bank credit facility to replace a $750 million unsecured revolving bank credit facility that was set to mature on Aug. 22.

Originator and servicer Berkadia Commercial Mortgage LLC, Horsham, Pa., has appointed Hugh F. Frater to replace departing chief executive officer Michael I. Lipson.

Even though the nation's megabanks are getting hammered by loan repurchase requests from Fannie Mae and Freddie Mac, small- to medium-sized nonbanks are escaping mostly unscathed, according to one mortgage advisor.

In the good old days of traditional direct mail marketing, experts repeatedly stressed that to determine the success or failure of any campaign, the marketer had to have metrics in place to measure the response. Failure to have those metrics in place meant that in most cases the marketer was wasting his or her money.

A study based on borrowers' cognitive psychology reactions may change what mortgage documents will look like three years from now.In a classic case where science plays "the devil's advocate" for the mortgage industry, a couple of academics are researching the fluid relationship between borrowers and their mortgages to see where it might be improved.

The seasonally-adjusted annual rate of housing starts north of the border dropped 1.6% month-to-month in July to 189,300 units following an upward revision of June figures, according to Canada Mortgage and Housing Corp.

Navy Federal Credit Union, the largest CU player in mortgages, funded $944 million of single-family loans in the second quarter, a 56% decline from the same period last year.