Originations

BECU has found success leveraging Pinterest as part of a larger lending campaign.

The Federal Housing Administration reported that loan applications fell nearly 50% in June from the prior month.

Builders started work on fewer single-family homes in July, marking a pause in the residential construction rebound that’s helping to propel the U.S. economy.

The 69-year-old home loan program run by the Department of Veterans Affairs is on track to have its best year ever.

Lenders One management has faced many of the same issues as its members, said CEO Jeff McGuiness.

We're hearing that the declining liquidity of Freddie Mac mortgage-backed securities is raising concerns in Washington and on Wall Street.

Existing home sales rose 1.5% in July from the prior month, but prices took a breather after a long stretch of month-over-month increases.

Fitch Ratings warned that the potential mortgage-related use of eminent domain in some California communities could affect future lending in those areas.

Between April 5, 2006 and Feb. 26, 2007, the government presented evidence that the defendant committed 30 fraudulent sales transactions.

The overall stock market is on a three-day losing streak, but Mortgage Industry Equity Composite gainers topped decliners 9-7-1.

A commercial loan scenario posted on the Mortgage Grapevine is looking for $750,000 with a 50% loan-to-value ratio.

Capital One Financial Corp. has agreed to buy multifamily mortgage lender Beech Street Capital.

The commercial mortgage-backed securities deal priced its short dated, 2.47-year, class A1 tranche at 55 basis points.

CUNA Mutual Group filed five different civil fraud suits in federal court against major Wall Street banks seeking to force the banks to buy back $285 million worth of residential mortgage-backed securities gone bust.

New York housing advocates are calling for mandatory inclusionary zoning that requires developers to include affordable housing into new developments.

The Federal Housing Administration has issued guidance for its new “Back to Work” program that could open the door for borrowers who lost their jobs and their homes during the recession to qualify for a FHA-insured mortgage.

Redfin’s July Bidding War Report found that competition on homes for sale fell to 63.3% of listings with more than one offer in July from 68.6% in June.

There is some consensus that cash sales are historically high and likely to drop only gradually, but some figures put them closer to 40% than 50%.

The previously announced, all-cash transaction was financed through a combination of convertible debentures, equity and debt.