Originations

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

Impac Mortgage Holdings reported second-quarter profits of $1.2 million, compared with a loss of $738,000 in 1Q13 and profits of $4.2 million in 2Q12.

The Justice Department and the Securities and Exchange Commission have both filed civil lawsuits against Bank of America alleging that the financial institution and certain affiliates defrauded investors about the riskiness of $850 million in residential mortgage-backed securities.

Freddie Mac posted earnings of $5 billion in the second quarter, up from $4.6 billion in the first quarter.

Given the spike in interest rates over the past couple of months, even a small increase in application volume of 0.2% on a seasonally adjusted basis for the week ended Aug. 2 could be considered as good news.

The rising interest rate environment of the past couple of months has brought home the point to mortgage originators that they need to be mining purchase leads going forward.

Churchill Mortgage has introduced “Purchase Guaranteed Close,” a program that ensures timely closing of mortgage loans.

Five California men were sentenced for defrauding hundreds of victims in a real estate scam that included collecting upfront fees for promising loan modification services that never occurred.

There were more losers than winners on the Mortgage Industry Equity Composite on Tuesday, 10 to seven.

The Trulia Price Monitor for July was down 0.3% on a seasonally adjusted basis compared with June, the first decline in seller asking prices on a month-to-month basis since last November.

A former reverse mortgage loan officer introduced his concept involving referral groups at the Florida Association of Mortgage Professionals show.

The July 2013 Clear Capital Home Data Index Market Report indicates the current 9.3% in annual gains remain below peak values that continue to adjust until they reach the new normal in home prices.

It sounds like people are optimistic about Freddie Mac’s recent risk-sharing transaction even though they have some questions about them.

People who purposely default on their mortgage have gotten a lot of attention in the past few years, but only a tiny percentage of North Texans think such action is ever justified.

SunTrust Banks in Atlanta has committed $5 billion to fund commercial mortgages originated by MetLife.

Grapevine poster MTB has started a thread commenting on the latest malaprop from Vice President Joe Biden regarding the word “jobs” and the number of letters used to spell it.

Barry Habib, chief market strategist for Residential Finance, said the latest CoreLogic HPI report is very encouraging because it does account for some of the recent rise in rates.

Analysts credit improving housing prices and low interest rates that helped homeowners refinance or sell for driving down delinquencies and the average mortgage debt from $188,341 in 2Q12 to $187,635 in 2Q13.

PHH Corp. Tuesday commenced a tender offer to purchase for cash up to $300 million aggregate principal amount of its $450 million outstanding amount of 9.25% senior notes due 2016.

Starwood Property Trust, a Greenwich, Conn.-based real estate investment trust which makes commercial mortgage loans, had net income of $62.3 million for 2Q13, up from $44.5 million one year prior.