Originations

A federal judge has revived a lawsuit that charges JPMorgan Chase with misrepresenting the quality of loans that backed securities sold to a Belgian bank.

While the Federal Reserve will not scale back or exit its bond purchase program, the Mortgage Industry Equity Composite saw just seven stocks close higher and 10 lower on Tuesday.

Both Freddie Mac and Fannie Mae are providing relief policies for borrowers who have been affected by the devastating tornado that struck Oklahoma and other nearby states.

Accurity Valuation has adopted new software that allows the company to organize and streamline the production and distribution of its appraisal reports.

The five banks that are part of the national mortgage settlement have now provided more than $50 billion in benefits to consumers.

Everybody’s origination business should get a checkup.

Financial Funding, a New York-based commercial mortgage lender, has acquired Amerifunding, a New Jersey commercial lender.

With that status, the company can originate for sale to Freddie Mac (and retain the servicing rights on) mortgages securing independent living, assisted living, memory care and rental continuing care properties.

Cedonulli2 is a long-time Mortgage Grapevine gadfly who has done broker price opinions on troubled homes.

We're hearing the jumbo interest-only home loan popular with high-net-worth borrowers is still being made for now.

The consumer relief data sent to the mortgage settlement monitor show that within the first year since servicers signed the agreement they have distributed $50.63 billion in direct relief to customers.

Collectively, credit unions originated more than $100 billion in loans last year for the first time.

Rep. Mel Watt wants the Consumer Financial Protection Bureau to conduct a study on the fees charged by title insurance companies that are owned or affiliated with mortgage companies.

All eyes are on Texas legislators who in the next few days will determine how the state may use roughly $124.7 million in national mortgage settlement while some insiders worry about potential diversions.

360 Mortgage Group sees the exit of Chase Rural Housing from the wholesale U.S. Department of Agriculture loan purchase channel as an opportunity to grow its own business in this big but underserved market place.

Indecomm Global Services has completed the acquisition of Mortgage U Inc., a mortgage training company that focuses on regulatory compliance.

Richard Hartnack, the former vice chairman and head of consumer and small business banking at U.S. Bancorp, has joined the board of directors of Freddie Mac.

Citigroup is replacing Sanjiv Das, the chief executive of its mortgage unit, with private bank head Jane Fraser.

If you originate under the qualified mortgage rule, courts must presume that you followed the eight underwriting guidelines found in ability to repay.

Laggards in adopting compliance technology can take a long time to get up to speed.