Originations

A Florida title agent and former mortgage broker has been sentenced for her role in a reverse mortgage loan fraud scheme.

Fixed mortgage rates resumed an upward trajectory in Freddie Mac’s most recent weekly survey, with the average 30-year rate rising 18 basis points to 4.58% and the average 15-year rate rising 16 basis points to 3.6%.

Home prices rose 0.7% in June, according to a house price index based on Fannie Mae and Freddie Mac purchase mortgage transactions.

Insight Wireless Group is marketing $177.5 million of securities backed by mortgages on cellular towers.

An update sent to the monitor of the national mortgage settlement by the five banks that participate in the agreement showing they dispersed $51.33 billion in consumer relief assistance through June 30 is under review.

The best states for good health and building real estate wealth are Texas, North Dakota, South Dakota, Utah, North Carolina, California, Tennessee, Montana, Wyoming, Iowa and Arkansas.

The 2013 Top Tech-Savvy Lenders and Servicers commends mortgage companies that use technology to improve processes, provide exceptional customer service and increase business. Mortgage Technology is pleased to announce the mortgage companies named to this year's list.

Colony American Homes, a single-family rental company, is starting to lend to other landlords.

The National Community Reinvestment Coalition unveiled a new white paper that outlines two alternative proposals for integrating affordable housing into the larger mortgage finance reform debate.

Jumbo loan investors are beginning to loosen a little on their underwriting guidelines.

Best practices will have big implications for the industry going forward.

We're hearing a lot about the upcoming NFL season, with the first real games right around the corner.

Closed sales of existing single-family homes in Florida were up 17.5% in July over the same month in 2012 and pending sales were up 23.3%, while in Illinois home sales in July were up 28.5% over the previous July and median prices were up 14.2%.

There were 15 Mortgage Industry Equity Composite stocks that closed lower on Wednesday, with one up and one unchanged.

Wells Fargo is laying off 2,300 mortgage jobs nationwide as the result of flagging demand for mortgage refinancing.

loanDepot has signed an agreement to merge with imortgage.com Inc., in a deal which the pair state would create the third largest private independent mortgage retailer in the nation.

Treasury 10-year notes fell on Wednesday after minutes of the Federal Reserve’s July meeting showed policy makers were “broadly comfortable” with a plan to curtail bond purchases.

The Mortgage Grapevine community likes to give their opinions on the news of the day.

It is important for borrowers to shop around and find out whether an adjustable or fixed rate mortgage best fits their needs.