Originations

Michigan Legal Services and five African-American homeowners in Detroit claimed to be victims of Morgan Stanley’s practice of purchasing and financing predatory mortgages, which were later bundled into mortgage-backed securities.

For investors who have thrown big wads of cash toward the “safety” of long-term bonds, the end of low interest rates will not be a welcome one.

This action by the CFPB will likely spur additional complaints by other regulators and borrowers against other companies.

Since the Castle & Cooke case was just filed the outcome remains to be seen.

Popular culture is always a hot topic on the Mortgage Grapevine.

Wells Fargo is withdrawing from the eight joint ventures it has in the mortgage lending business.

The Mortgage Bankers Association said it expects originations in the second half of the year to total $606 billion, up from the $527 billion it had forecast at the beginning of the year.

When Radian Group sold shares in 2010 to bolster capital, the buyers lost more than a third of their investment in just two months.

There were 13 of 17 Mortgage Industry Equity Composite members which closed higher on Thursday.

The estimated price of whole loans securing commercial mortgage-backed securities fell during June to 90.8% from 91.4% at the end of May.

Changes in the number of Facebook’s active users and mobile advertising revenue has something to do with the current and future performance of housing finance companies.

Freddie Mac may seek credit ratings in the next offering of the firm’s new securities sharing its mortgage-default risks with investors.

The national delinquency rate spiked up in June after five straight months of declines.

Recent increases in Federal Housing Administration mortgage insurance premiums are giving a much needed shot in the arm to the private mortgage insurance industry.

Davis and Henderson's planned $1.2 billion acquisition of Harland Financial Solutions will make the Toronto-based company a significant player in the U.S. financial services technology market virtually overnight.

With the recent uptick, banks are rushing to either reinvigorate their construction funding desks or establish new construction lending units.

We're hearing from the great state of Minnesota where a court last week issued a decision involving a claim for money damages and rescission of a mortgage loan based on the alleged failure of the lender to provide a Truth in Lending Act form to the buyers at closing.

Barry Habib, chief market strategist for Residential Finance, offers his insights into the Federal Housing Finance Agency's House Price Index and the latest new home sales report for June.

While First American saw a decline in 2Q13 net earnings on a year-over-year basis, rivals Old Republic International and Stewart Information Service both reported increases.

The average primary market rate for a 30-year fixed-rate mortgage fell six basis points to 4.31% during the week ending July 25.