Originations

PHH Corp. reported lower earnings from its mortgage production business for the first quarter as it expanded its retail lending activities.

Average fixed mortgage rates moved lower for the fifth consecutive week in Freddie Mac’s survey.

W.J. Bradley Mortgage Capital LLC, Centennial, Colo., has acquired Legacy Group Lending Inc., Bellevue, Wash., its 23 branch offices, its operations center and over 300 employees, expanding its presence in the Pacific Northwest.

Especially markets hit hardest by the housing crisis are the most attractive options for REO-to-rental investors. But how can servicers and investors identify which markets will achieve the greatest ROI?

Trepp LLC said delinquencies among loans used in commercial mortgage-backed securities are now at their lowest level in over two years.

All 17 members of the Mortgage Industry Equity Composite closed lower on Wednesday compared with the previous day as the Dow Jones Industrial Average plummeted 139 points.

The Securities Industry and Financial Markets Association recent held a meeting on “The Future of Global Capital Requirements,” noting that one of the “main themes of industry response” to rulemaking in this area so far has been that generally “the proposals would result in much higher capital requirements” for most positions.

In the latest National Real Estate Post video, Frank and Brian talk about how the times have changed compared to 20 years ago.

Ally Financial completed the sale of it correspondent and wholesale lending channels to Walter Investment Management Corp. on March 1.

The Eleventh Federal Home Loan District Cost of Funds Index fell three basis points in March after a rise of nearly four basis points between January and February.

Findings from the inaugural TD Bank Mortgage Service Index show that compared to the general population lenders have failed to provide a satisfying homeownership experience to 43% of Hispanics.

Radian Group posted a net loss for 1Q13 of $188 million, but it added that $173 million of that loss was related to the change in the fair value of derivatives and other financial instruments.

BOK Financial Corp. reported a higher first-quarter profit due to loan recoveries and higher fee income.

President Obama has picked Rep. Mel Watt, D-N.C., to head the Federal Housing Finance Agency.

Mortgage application volume for the week ended April 26 increased 1.8% on a seasonally adjusted basis from the week prior.

Loan acquisitions by Fannie Mae fell 11% in March following a 9% decline in February.

Net income for 1Q13 was $3.9 million, or $0.14 per diluted share, compared to net income of $3.6 million, or $0.16 per diluted share, during the same time period last year.

We're hearing that although some big players have exited wholesale in recent years, New York mortgage brokers today have the support of several strong, small to midsized lenders in this channel.

National Mortgage Insurance Co. has become operational, having started to write policies in early April.

It’s one of the most powerful words in the English language!