Originations

A study from the Federal Reserve Bank of Cleveland says the claim that Americans whose homes were underwater were unable to relocate for job purposes was a myth.

Bank of America said former workers who alleged the firm awarded bonuses for sending homeowners into foreclosure misrepresented their roles and made “impossible” claims about the lender’s assistance program.

Delinquent CMBS loans declined 19 basis points in June to 7.18% from 7.37% a month earlier.

The mortgage banking business added $2.8 billion to Wells Fargo’s noninterest income in the second quarter.

Mortgage Investors Corp., St. Petersburg, Fla, received the largest fine in Federal Trade Commission history for Do Not Call list violations.

Compared to the first recovery years, full-service hotel prices are increasing at roughly the same pace as apartment prices.

Both the largest loan and another loan have split loan structures where the property also supports a pari passu companion loan.

After a one day pause, the stock market resumed its climb, and 13 of 17 Mortgage Industry Equity Composite members joined in.

The chairman of the House Financial Services Committee wants private investors to share in some of the credit risk on Fannie Mae, Freddie Mac and Federal Housing Administration loans.

Senate Banking Committee chairman Tim Johnson and Sen. Mike Crapo have reached an agreement on a measure to shore up the Federal Housing Administration.

Through MPF Xtra, loans are aggregated and sold to Fannie Mae.

Applications for financing on new home purchases in June were down 15% from the previous month.

A poster on the Mortgage Grapevine is looking for a $150,000 second-lien loan on a property valued at $2.5 million and a first lien of $1.3 million.

W.J. Bradley Mortgage Capital executives find deciding whether holding or selling mortgage servicing rights is worthwhile for the company in the long run both tough and rewarding.

Fannie Mae issued $7.6 billion of multifamily mortgage-backed securities in the second quarter from newly originated loans.

Dodd-Frank Act measures designed to prevent a repeat of the global credit crisis will be largely complete by the end of this year.

Bank of America’s proposed $500 million settlement with a class of investors in residential mortgage-backed securities issued by its Countrywide Financial unit needs more explanation before it can be approved.

Rep. Jeb Hensarling will leave the Federal Housing Administration single-family program open to first-time homebuyers regardless of their income.

The long-anticipated collapse in mortgage applications stands to take a bite out of bank earnings in the second quarter and beyond.

WFG National Title Insurance is making progress towards its goal of becoming a national underwriter of title insurance with the approval by regulators in Michigan to write business there.