Originations

The securitization, COMM 2013-300P Mortgage Trust, consists of three classes of notes assigned preliminary AAA ratings by Fitch Ratings.

PennyMac Mortgage Investment Trust filed information on the pricing of an underwritten public offering of 11.3 million common shares in a move it said may help fund its correspondent lending business.

Even though rates on the 30-year fixed-rate mortgage declined during the survey week, so did loan application volume as the Mortgage Bankers Association reported a 4.7% decline on a seasonally adjusted basis for the week ended Aug. 9.

A Richey May report pegged 2Q commissions at 78 basis points and the four-month average for commissions at about 80 basis points of total production.

We're hearing while some think adjustable-rate mortgages have been making a comeback, there are some differences in opinions.

There was just $9.5 billion of home equity that was taken out of properties in a mortgage refinance in the second quarter, according to Freddie Mac.

The Fort Wayne, Ind.-based lender is getting its secondary market approvals to sell direct to the agencies.

Syncora Guarantee’s lawsuit accusing JPMorgan Chase unit Bear Stearns of making false and misleading statements connected with a mortgage-backed securities transaction was dismissed on appeal.

The Dow Jones Industrial Average gained 31 points, but only five Mortgage Industry Equity Composite stocks closed higher on Tuesday.

A poster on the Mortgage Grapevine is looking for a new Small Business Administration program lender to hook up with.

The total value of the merger was approximately $26 million, with the two businesses now operating as CV Holdings Inc.

Fitch expects to assign its top investment grade rating to two classes of the more than $400 million transaction.

After an encouraging first quarter, New York City foreclosure activity is starting to pick up again.

Findings from a recent online poll reveal that close to one-in-five consumers believe carrying debt from month-to-month is a responsible way to manage their finances, but a mortgage is not what they have in mind.

The properties acquired due to this scam went into foreclosure and resulted in significant losses to the lenders.

Inlanta Mortgage has obtained its approval from Fannie Mae as a seller/servicer to the government-sponsored agency.

Residential Finance has started a core services division to work with real estate brokers and homebuilders to improve the delivery of services to those constituencies.

Losses on soured debt linked to a California shopping center that was foreclosed on more than three years ago surpassed 100%.

While a lot of the president's remarks seem like warmed-up leftovers to those who follow the industry, there were a couple of interesting things a little farther down the prompter.

The cost of doing business with the Federal Housing Administration could skyrocket if the agency adopts a new method for calculating lenders' liability for poorly underwritten loans that default.