Originations

New York housing advocates are sending out advocacy alerts to anyone who sees value in preserving the Low Income Housing Tax Credit in the tax code.

CoreLogic reported net income of $43.6 million for the second quarter, a slight increase from 2Q12’s $42.7 million.

Institutional investors purchased fewer residential properties in June than a year ago, but these types of buyers will still be able to acquire single-family homes, condominiums and co-ops in certain markets.

Discover Financial Services in the next few months plans to enter the home equity lending business.

Zacks found the company beat its consensus per-share net earnings estimate but missed its estimate for homebuilding revenue.

Prospect Mortgage has promoted Amy Brandt to chief operating officer.

The recent increase in mortgage rates has not materially affected the demand for new homes.

New York Community Bancorp said mortgage banking contributed $23.2 million to total revenue in the second quarter.

Higher mortgage rates along with a new Federal Housing Administration policy that kicked in recently could hurt the purchase market as well as refinancings.

Radian's common stock closed up 0.29% after reporting a second-quarter net loss.

Sixty-four percent of investors who worked with a Realtor in California indicated they are going to keep the property for more than a year, while 36% of investors intend to flip the property within a year.

The seller also would like to establish a co-issue flow relationship along with the bulk Fannie Mae servicing rights sale.

In the second year of the U.S. housing recovery, the loans that helped trigger the housing bust are making a comeback.

NYCmortgageLO posts on the Mortgage Grapevine that a client had a large deposit in his or her bank account in March, but no large deposits in the more than 90 days since.

Soon after announcing plans to shift its servicing focus, Flagstar recorded a quarter-to-quarter net income increase.

We're hearing a lot of clients still calling with concerns about current market conditions.

The bill gives the Federal Housing Administration more authority to police lenders and manage risk to the FHA single-family program.

Presale reports were released on the 10th Sequoia/Redwood jumbo securitization of 2013 and, separately, on the third transaction of this type done this year by JPMorgan.

Radian Group posted a net loss for 2Q13 of $33.2 million, but that loss includes $130 million of losses from investments only partially offset by gains in the fair value of its investments of $88 million.

The platform has processed a few billion dollars of loans from customers and plans to process significantly more as it gets off the ground.