Originations

The final qualified mortgage rule provides a wide exemption from the ability to repay underwriting standards when lenders refinance borrowers with hybrid ARMs, negative amortization loans and other toxic mortgages.

Ohio became the first state to enact a new law that creates less rigid licensing regulations for mortgage originators.

DebtX has signed a new five-year agreement with the Federal Deposit Insurance Corp. to sell assets held as receivership in the U.S. government corporation’s portfolio.

Home prices rose in December by over 11% year-over-year in the 19 markets tracked by real estate broker Redfin.

Wells Fargo reported a 10% decline in mortgage originations in the fourth quarter.

One vendor in a partnership that has been gearing up to offer industry clients access to the electronic signatures the Internal Revenue Service began allowing this week is finding those with smaller operations are moving the fastest.

Morgan Stanley and Bank or America priced a $1.23 billion commercial mortgage-backed securitization conduit, series 2013-C7 at strong levels.

Some attorneys who prey on vulnerable homeowners in need of a modification are in for a surprise from outraged peers who are trying to make these alleged fraudsters pay back for being a disgrace to their profession.

A Mortgage Grapevine poster says his shop is due an audit from the New Jersey state regulators.

Chang Park cooperated with FBI investigators as part of a deal with the U.S. attorney's office.

GSF Mortgage named Chad Jampedro as new president of the company.

Industry groups may be disappointed with certain provisions in the final qualified mortgage rule but they are willing to work with the Consumer Financial Protection Bureau to make improvements.

New York Gov. Andrew Cuomo is in the process of defining the details of a new $1 billion House New York Program.

The Consumer Financial Protection Bureau has carved out a special exemption in the final qualified mortgage rule so that community banks and credit unions can continue to make balloon-payment loans in rural and underserved areas.

Commercial mortgage lender Walker & Dunlop said it now expects 2013 loan volume of between $10 billion and $12 billion, up from the previous prediction of between $8 billion and $10 billion.

Approximately 29% of American homeowners do not have any debt on their primary residence.

A recent jump in long-term rates and bond yields increased the Freddie Mac average for the week ending Jan. 10 by six basis points from the previous week.

The Consumer Financial Protection Bureau wants to keep credit flowing by allowing lenders to rely on Fannie Mae, Freddie Mac and Federal Housing Administration automated underwriting systems to meet the underwriting standards of the new qualified mortgage rule that was issued early Thursday morning.

Aries Capital has secured a $26.5 million 10-year nonrecourse commercial mortgage-backed security first-mortgage loan to finance a former lamp factory turned green property.

Regulators are focusing on what an executive with the Compliance Group termed “misleading and deceptive advertising,” but what that exactly means is left up to the interpretation of the enforcement agency.