Originations

On an annual basis, loans at CUs were up 5% through June (up from 3% through June 2012), bringing total CU loans outstanding to $627 billion.

Commitments to purchase new mortgages fell 16% from June to $62.4 billion in July—the lowest level since April 2012.

Nationally, house prices jumped 1.8% in July from the prior month, according to the CoreLogic house price index.

Greystone has originated a $6.6 million loan financed by the Freddie Mac Targeted Affordable Housing program.

Pricing engines have moved from a tool to help sell loans to a “compliance-ready tool” for use by originators.

Today, borrowers can close loans whenever and wherever their schedule permits, thanks to mobile notaries.

At Citizens Bank, Hoffman will be tasked with leading the marketing and business expansion efforts for the bank’s residential loan portfolio.

Federal regulators have revised a set of less restrictive risk-retention guidelines for commercial mortgage backed securities deals that could have a negative effect on refinancing and future CMBS growth.

In what is a good sign for the Florida housing market, a poster on the Mortgage Grapevine is seeking construction financing for a high-end home from a “broker-friendly” lender.

Bank of America became the latest bank to announce major mortgage layoffs.

Census Bureau data shows that builders started 19,000 single-family attached houses in the quarter, up from 18,000 for the April-May-June period in 2012.

The House Financial Services Committee chairman Jeb Hensarling, R-Texas, claims the federal regulators latest re-proposal of the qualified residential mortgage rule is just another admission that risk retention would harm the mortgage market.

After dedicating 28 homes last year (the first on the reservation since 1972) the San Felipe pueblo has made considerably better time on its next development.

PSM Holdings Inc., has promoted Kevin Gadawski to president and chief executive, replacing Ron Hanna who has resigned.

For the first time in five years mortgage lending growth lags behind credit cards and the fastest growing consumer credit segments in today’s market: auto financing and student loans.

The members of the Mortgage Insurance Cos. of America did $13.0 billion of primary new insurance written in July.

El Paso changed underwriters to sell $61 million of bonds for a downtown baseball stadium after the first try failed.

Regional banks are expected to see a huge drop-off in mortgage originations over the second half of 2013 as interest rates continue to rise.

The new proposed definition of the “qualified residential mortgage” has been aligned to match the definition of a “qualified mortgage” which was released earlier this year.

Radian Group Inc.’s mortgage insurer reached an agreement with Freddie Mac that caps expenses at $840 million related to loans held by the U.S. government-controlled housing-finance company.