Originations

The former president and chief executive officer of U.S. Mortgage, a loan servicing company based in Nevada, pleaded guilty for his role in a scheme to defraud Wells Fargo of more than $8 million.

Lennar Corp. received an increase in its unsecured revolving credit facility to $950 million, plus it was able to extend the maturity date to June 2017.

Moody's once again affirmed the servicer quality of Bank of America, N.A. at average despite ongoing measures taken to improve servicing performance.

The end of the refinancing boom is likely to prompt to a wave of consolidation among mortgage lenders because there is simply not enough purchase business to go around.

The unadjusted Refinance Index was up 5% while the seasonally adjusted Purchase index also increased 5%.

For successful mortgage originators, going in person to meet clients, instead of hiding behind email and social media, can make the difference between closing a sale or going back to the office frustrated.

JPMorgan Chase & Co. chairman and chief executive Jamie Dimon told investors Tuesday afternoon that he likes the mortgage business and the servicing side is improving.

A report by a visiting professor at the New York Federal Reserve is reviving the debate over using government powers of eminent domain to seize mortgages of underwater homeowners to ease their debt.

During the month of May, 23,034 new and resale houses and condominiums sold in Los Angeles, Riverside, San Diego, San Bernardino, Ventura, and Orange counties.

There were 12 of 17 Mortgage Industry Equity Composite stocks whose closing price declined more than one percentage point on Tuesday.

Platinum Data Solutions hired Bill King as senior vice president, valuation solutions.

The massive waves of 2005-2007 residential mortgage-backed securities downgrades have finally calmed down a bit, thanks largely to housing improvement.

Condominium loans can be tough to do because of secondary market investor restrictions.

The answer is not as simple as most people think,

Mortgage Master, Walpole, Mass., is expanding its presence in the Greater Hartford, Conn., market by opening up an office in Simsbury.

Bank of America boosted home-loan volume 57% in the year through March by selling more products to existing customers.

CU/America Financial Services has signed with Scottsdale, Ariz.-based CU Realty Services to offer the company’s real estate program to credit unions throughout Illinois.

Amegy Mortgage Co., is now using Data Select’s Construction Loan Control System software for its construction loan portfolio, including for one-time close construction and lot loans.

The Community Mortgage Lenders of America is urging legislators to pass a bill that would exempt small lenders from the Basel III capital rules, Consumer Financial Protection Bureau servicing rules and other provisions of the Dodd-Frank Act.

Walter Investment Management Corp. has obtained a secured term loan for $200 million and borrowed the entire amount on June 6, a recent 8-k filing obtained via DisclosureNet.com reveals.