Originations

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

The American Bankers Association supports some reforms to the FHA single-family program proposed by House Financial Services Committee chairman Jeb Hensarling.

CU Direct Corp. has signed with TMG Financial Services to streamline loan originations.

Upgrades might be in store for some Russian residential mortgage-backed securities thanks to recently enacted amendments to the country’s MBS law.

Home prices rose 0.7% in May following a 0.5% increase in April, according to a house price index based on Fannie Mae and Freddie Mac purchase mortgage transactions.

Originators should be doing more than OK right now; they should be making lots of money.

The loans that the new channel is purchasing will be sold on the secondary market to Fannie Mae, Freddie Mac or Ginnie Mae.

Quarterly origination estimates for this year drifted a little lower in Fannie Mae’s latest monthly economic outlook report.

There were 13 of 17 members of the Mortgage Industry Equity Composite that closed higher on Monday, even as the Dow stayed flat.

Another borrower with a unique situation has turned to the Mortgage Grapevine for help.

PBI Bank lost a jury verdict that requires the financial institution to pay compensatory damages of $1.5 million and $5.5 million in punitive damages to a real estate developer.

We're hearing with all the buzz around social networking for business people, it’s no surprise that someone would create an online platform dedicated to real estate agents and brokers.

Gateway Mortgage Group is now using Fiserv’s LoanServ mortgage servicing platform in line with the bank’s expectations to grow the home loan servicing portfolio through retail and correspondent channels.

Freddie Mac is offering another K deal, its 12th so far this year.

Excessive housing cost burden is a big negative in a housing market that is continuing to turn around.

Mortgage banking contributed $5.8 million to Bank of Hawaii’s second-quarter noninterest income line, down from $6.4 million in 1Q13 and $7.5 million in 2Q12.

National Cooperative Bank has made a $30 million loan for Amalgamated Houses, located in The Bronx.

In an effort to improve its member business lending processes, AltaOne Federal Credit took to the streets seeking a new vendor that wouldn't increase existing costs. It found its answer pretty close to home.

Bellwether Community Credit Union has deployed iPad technology in an effort to streamline loan applications.