Originations

A scenario posted on the Mortgage Grapevine is looking for a lender willing to fund a $58,200 refinance loan on an owner-occupied property in Louisiana.

PennyMac Mortgage Investment Trust had net income of $54.5 million for the second quarter, up from $29.6 million one year prior.

Industry experts expect annual home value appreciation rates to end 2013 on a strong note before slowing down considerably over the following three years.

The averages for the week ending Aug. 8 show fixed mortgage rates were relatively unchanged following a mixed employment report for July.

Fannie Mae is reducing its loan loss reserves and reporting strong profits but it has no intention of relaxing its underwriting standards to increase purchase mortgage volume.

The company is under investigation for practices tied to sales of mortgage-backed bonds that the Justice Department has already concluded broke civil laws.

Fannie Mae and Freddie Mac, which policymakers are trying to unwind, have operated with explicit affordable housing goals for more than 20 years.

Jumbo lender Redwood Trust has completed the approval process to a Fannie Mae and Freddie Mac seller/servicer.

Wells Fargo is laying off 763 employees in its Home Mortgage division.

The loan reviews will make sure lenders adhere to FHA origination practices and ensure the Federal Housing Administration is compensated for “defects in the lender manufacturing process.”

Goldman Sachs, Jefferies and Citigroup have lined up a $1.2 billion conduit CMBS deal that is backed by 84 commercial mortgage loans secured by 132 properties.

A LendingTree.com survey finds obstacles can impede casual searchers from becoming serious buyers.

Saiyid Naqvi, recently retired as chief executive of PNC Mortgage, has become the newest member of the board of directors of Freddie Mac.

Don Brinker, homeownership manager for MHDC, said USA Mortgage was rated “highest in volume and best in ongoing thoroughness and quality of submissions.”

All but two Mortgage Industry Equity Composite members closed lower on the day.

We're hearing a lot of feedback from readers of last week’s column.

As opinionated as ever, the Mortgage Grapevine has several posters giving their opinions of the president’s remarks.

Banks that are worried about competitors may want to consider the client walking through their doors not as a borrower—but as a potential competitor.

The National Council of State Housing Agencies is asking the Internal Revenue Service and the Treasury Department to include guidance on tax-exempt bond and low-income housing tax credit issues in their 2013-2014 priority list.

Radian Guaranty did $5.29 billion of primary new insurance written in July, its best month ever for flow production.