Originations

Oregon District Judge Michael W. Mosman sentenced Tu Ngoc Tran of Portland to 63 months in prison following his conviction in a jury trial on drug and mortgage fraud charges.

Navy Federal Credit Union is pushing its proprietary Home Buyers Choice Mortgage, a 100% loan-to-value ratio mortgage program with no private mortgage insurance required.

Moody's Investors Service, Kroll and Fitch have assigned their respective top expected/preliminary ratings to four classes of residential mortgage-backed securities issued by Sequoia Mortgage Trust 2013-6.

Sales of previously owned homes slipped 0.6% in March from February as the supply of homes on the market edged up for the second month in the row.

Home sales in Illinois increased almost 14% in March compared with the same month in 2012, while median prices increased nearly 4%.

Fitch is registering some concern about what it describes as a “very rapid rise” in the number of U.S. large-loan commercial mortgage-backed securities deals in recent months.

Homebuilder NVR Inc. reported higher sales and new orders in the first quarter along with a 40% jump in mortgage banking income from year ago.

This enforcement action serves as an important lesson to lenders who enter into marketing agreements with builders, title companies and Realtors.

Some mortgage technology and software providers are seeing increased demand for Software as a Service solutions in the foreclosure-to-rent marketplace.

JPMorgan will issue $505 million of notes backed by the beneficial interests in a pool of four commercial mortgage loans backed by 82 properties.

Only two of the 17 Mortgage Industry Equity Composite stocks closed lower on Friday.

The National Multi Housing Council’s equity financing index remained at 56, unchanged from the previous two quarters.

The California National Mortgage Settlement Grant Program will provide $9.4 million to 21 organizations to assist state residents affected by the foreclosure crisis.

The Consumer Financial Protection Bureau has its own page on Facebook and it has a Twitter account as well.

Fitch Ratings is urging publicly traded homebuilders to exercise restraint in grabbing up land for future development.

According to the Visa Inc. global Financial Literacy Barometer, U.S. women rank fourth after Brazil, Australia and Mexico, the top three most financially literate women in the world.

The title insurance industry was one of the beneficiaries of the 2012 refinance boom, as premiums written during the year totaled $11.4 billion, up 21% over 2012.

Taylor Capital Group's quarterly profit rose as revenue from its mortgage-banking operations remained strong.

SunTrust Banks experienced a 34% drop in mortgage production income in the first quarter mainly due to a decline in margins.

Two senators have introduced a bill that would ensure residents in over 900 communities don’t lose their eligibility to take out Rural Housing Service loans.