Originations

The Federal Reserve Board has ditched a stringent and complex Basel III risk-based capital rule for residential mortgages and decided to leave the current risk weights in place for all banks.

Walker & Dunlop has entered into an amended and restated warehouse credit agreement with PNC Bank that ups its existing $450 million facility to $650 million.

Denmark is warning that the world’s biggest mortgage market per capita is again under threat from a proposal by the Basel Committee on Banking Supervision.

Stonegate Mortgage Corp. plans to conduct a registered initial public offering of its common stock.

Home prices increased over 12% in May over the same month last year, the largest increase in the CoreLogic Home Price Index since February 2006.

EverBank Financial in Jacksonville, Fla., is opening a commercial real estate lending office in Houston.

Spending on the construction of new single-family homes edged up 0.4% in May as housing starts slowed in May and April.

The relatively weak financial strength of certain originators and sunset provisions on the backstop by the seller still demand additional protections.

Matt Gutauskas, who was part of the Independence/Sovereign team that came over with Honstedt, is the new managing director.

Another 10 states have adopted a uniform mortgage loan officer test that makes it easier for MLO’s who want to be licensed in multiple states.

A combination of improving payment behavior and decreasing delinquencies have brought some stability to the mortgage market, according to Equifax.

CoreLogic's common stock closed over 8% higher on the news of the DataQuick/Marshall & Swift/Boeckh purchase.

Mortgage Grapevine poster LewM has a problem.

Any time there are regulatory changes there is a direct and significant impact on the technology required by originators and servicers to conduct daily business.

The Eleventh Federal Home Loan District Cost of Funds Index set a new record low in May at 0.951%, a 29 basis point decline from April.

Besides DataQuick Information Systems, CoreLogic is buying the credit and flood services operations from DataQuick Lender Solutions.

Banco Popular de Puerto Rico completed the sale of a $438 million portfolio of nonperforming residential mortgage loans at a loss.

A credit union vice president joins those expecting the second half of 2013 to bring a slow but steady increase in mortgage rates.

Bank of America Corp. opened a unit in India to review home-valuation reports as it seeks to rebuild share in U.S. mortgages at a lower cost.

The Home Valuation Code of Conduct's spirit lives on with “Appraiser Independence Requirements” and amendments to the Truth in Lending Act.