Originations

Lima One Capital is optimistic that the housing market will continue to rebound this year.

The Federal Savings Bank hired C.J. Taglivia as vice president of operations at its new Manhattan-based flagship mortgage production and sales office.

The Federal Housing Administration’s total delinquency rate has dropped by over 300 basis points since December 2011 to 14.68% as of April 30.

Mortgage Insurance Cos. of America members saw more than double the number of loans they insured go through the Home Affordable Refinance Program and other refinancing programs for distressed borrowers in 1Q13 over the same period last year.

Blackstone Mortgage Trust has created a joint venture with Blackstone Holdings Finance Co. LLC called 42-16 Partners LLC.

Harvard University’s Ash Center for Democratic Governance and Innovation has included several housing initiatives in honoring 25 innovative government-related programs.

A large number of mortgage fraud cases involving allegations of kickbacks, straw buyers or both.

Lloyds Banking Group plans to auction about $8.7 billion of U.S. mortgage securities without government backing that were issued before the credit crisis.

The rising tide also include competitors CoreLogic and Ellie Mae.

Fidelity National Financial dominates mortgage underwriting. Its former LPS unit is the top mortgage servicer. The question is whether by reuniting two companies that have run out of room to grow separately can prosper together.

Nationstar Mortgage is financing nearly 60% of KB Home’s new orders.

JPMorgan has another prime jumbo mortgage-backed securities deal in the pipeline, according to three companies’ presale ratings reports.

One poster says that brokers should expect wholesalers to trim the number of originators they have approved.

Ellington Management Group is looking to get into the loan production business and towards that end it has hired former GMAC Mortgage executive Steven Abreu as head of mortgage originations.

Lender Processing Services has had a turbulent couple of years since the beginning of the robo-signing scandal from 2010 to the present day that included lawsuits, a consent order and several settlements of charges. The robo-signing allegations involved an LPS unit that allegedly created bogus mortgage assignments so that foreclosures may be processed more quickly and efficiently.

New Residential Investment Corp. has invested $38 million to acquire certain cash-flow privileges from mortgage servicing rights recently acquired by Nationstar Mortgage.

Home prices jumped 1.3% from February to March as the spring home buying season got off to a good start.

Potential homebuyers are worried about the inventory shortage and rising prices in regards to current market conditions.

New home sales rose 2.3% in April following an upward revision in March sales and prices rose at a fast pace.

Under the settlement, Ally will pay $1.95 billion in cash to the ResCap bankruptcy estate, plus $150 million in insurance proceeds.