Jumbo mortgages

The shift to a purchase market and an increase in wholesale mortgage originations contributed to a nearly 17% year-over-year rise in fraud risk during the second quarter, according to CoreLogic.

Looser underwriting standards for agency-eligible adjustable-rate mortgages helped increase credit availability in August to its highest level since April, according to the Mortgage Bankers Association.

Redwood Trust is raising $225 million in a debt offering with the proceeds to be used to repay borrowings that come due next year.

It’s a very large number for any bank, but Bank of America executives said the move makes good economic sense and promotes relationship-building with customers.

The latest readings on mortgage credit availability show slight improvement month-to-month, reversing course after two consecutive declines in April and May.

With traditional mortgage lending opportunities becoming increasingly scarce, banks in Seattle and Portland are loading up on jumbos, diving into multifamily and reviving dormant bridge loan programs.

American International Group is accessing the securitized market through a Credit Suisse deal backed by loans that were generally originated less than a year after TRID.

Actress and humanitarian Angelina Jolie has purchased the Cecil B. DeMille estate, a Los Feliz mansion once owned by the early filmmaker, for $24.5 million.

Mortgage credit availability declined in May as lenders reduced the number of government-guaranteed products they market by nearly 2%.

American International Group Inc. could securitize through a unit it has previously used to buy jumbo loans.

JPMorgan Chase is marketing another offering of bonds backed by a mix of conforming and jumbo residential mortgages, according to Moody's Investors Service.

Mortgage credit availability declined in April as lenders cut back on the number of conforming products they offered.

Increased access to jumbo loan products brought mortgage credit availability to its highest level since the bust.

HomeServices of America has acquired regional luxury home specialist Gloria Nilson & Co. Real Estate in a deal with undisclosed terms.

Mortgage credit availability went up yet again in February amidst an expansion in access to government loans.

Application activity increased 3.3% from one week earlier, even though mortgage interest rates rose on speculation the Federal Open Market Committee could act in March.

Mortgage application activity increased by 5.8% during the week of Feb. 24.

Although issuance of residential mortgage-backed securities remains down from a year ago, the number of nontraditional deals is continuing to grow, according to Moody's Investors Service.

The market share of mortgage applications submitted for refinancings hit an eight-year low as total activity decreased 2% from one week earlier, according to the Mortgage Bankers Association.

The refinance share of mortgage activity decreased to 46.9% of total applications, its lowest level since June 2009, from 47.9% the previous week.