Originations

The Housing Association of Nonprofit Development has elected its new leadership for the 2013-2015 term.

Distressed homeowners are redefaulting in droves on loan modifications received through a government program.

Sales of newly constructed homes rose 8.3% to a 497,000 seasonally adjusted annual rate, up from 459,000 in May.

A steep rise in home values that resulted in a new wave of foreclosure starts in California during the second quarter was not enough to eliminate gains of recent years indicating the state's housing recovery will prevail.

The total number of loan applications submitted the week ended July 19 declined by 1.2% on a seasonally adjusted basis from the previous week.

D+H said it has reached an agreement with Harland Clarke Holdings Corp. to acquire Harland Financial Solutions.

We're hearing that one executive started his business based on the question, “Why aren’t mortgages traded in the same way fixed-income securities are?”

The Consumer Financial Protection Bureau is constantly tweaking mortgage lending rules.

According to evidence presented during the six-day trial, Daren Gadsden transferred funds from the HABC bank account to an account he set up with co-conspirators.

Overall 11 of 17 Mortgage Industry Equity Composite stocks closed higher on Tuesday than they did on Monday.

The California Association of Realtors said nondistressed home sales in the state during June made up four of every five transactions.

American Realty Capital Properties announced plans to issue $300 million of convertible senior notes in an underwritten public offering.

The Consumer Financial Protection Bureau has sued a mortgage lender for allegedly violating the loan officer compensation rule by paying bonuses to LOs that charge consumers higher interest rates.

While Detroit’s troubles are not new, its Chapter 9 bankruptcy filing is triggering national concern over whether it is a sign of more trouble to come.

Freddie Mac increased the size of its sale of a new type of debt tied to the risk that homeowners will fail to repay their mortgages.

A Mortgage Grapevine poster went off topic to discuss a news report regarding children being hurt by falling televisions.

Slightly less than half of the appraisers surveyed said their current level of confidence in the housing market was mildly or moderately strong at the end of 2Q13.

There has been some slight loosening in loan underwriting, but it has been somewhat counterbalanced for first-time buyers by increased Federal Housing Administration loan restrictions and costs.

MGIC Investment Corp. finished the second quarter with a net profit of $12.4 million, its first since 2Q10.

The bonds were all previously rated either CCCsf, CCsf, or Csf, which indicates that Fitch expected a default.