Origination

Lender Processing Services Inc., Jacksonville, Fla., earned $80 million in the second quarter, a 7% increase from the same period last year.

As Fannie Mae and Freddie Mac increasingly send problem loans back to their seller/servicers for repurchase, banks may not know their full liability in this area, according to a new research report.

Sales of existing homes in Florida rose for the 22nd consecutive month in June, a sign that this beleaguered housing market may be stabilizing.

Federal Reserve Board Chairman Ben Bernanke said that U.S. housing policy, with its reliance on Fannie Mae and Freddie Mac, is "not sustainable."

A group of private label investors acting through the Dallas law firm of Talcott Franklin PC, said its members now represent ownership interests in about one-third of the $1.5 trillion PLS market.

The Federal Home Loan Bank of Boston earned $18.7 million in the second quarter, a major improvement compared to the same period last year when it lost $22.9 million.

Was the increase in your business from the first-time homebuyer tax credit good for your bottom line? Was it expected or was it unexpected? Usually everyone says that they expect a good thing to happen to them, so I'll bet your answer is "Oh yea, I expected that."But did you expect the drop off in business when the tax credit expired? Usually the answer is "I thought in the back of my mind that business could drop off but I never expected it to drop off this much." Is that you?Your business, your family, your life, is an organization. Organizations require management. There are a number of aspects of management that you need to address. One of them is "The Unexpected."

Kondaur Capital Corp., an active investor in distressed and underperforming mortgages, is marketing a $79 million mortgage-backed security that is collateralized by $263 million of NPL loans.

The Federal Housing Administration's legislative and regulatory agenda to bolster its depleted insurance fund and tighten underwriting standards continues to be a work in progress.

Back in January, FHA commissioner David Stevens began talking about a legislative proposal to give the agency more flexibility in setting premiums, including a hike in annual charges.

The House eventually passed a bill, allowing the FHA to adjust its premium structure but Senate action is still in doubt.

Lewis Ranieri, the co-inventor of the mortgage backed security, believes the yield on the 10-year Treasury could fall to as low as 2.5% this year.