Originations

David Kaup admitted to carrying out three separate fraud schemes that caused millions in losses to victims, but failed to appear for his sentencing.

Savvy investors rushing to take advantage of current and long-term foreclosure-to-rental market opportunities may stumble upon an unexpected barrier: data.

Freddie Mac has planned its first offering of multifamily structured mortgage pass-through certificate deal of the year.

Flagstar Bancorp Inc., Troy, Mich., is selling a portfolio of commercial loans, including commercial real estate loans, to CIT Bank for $779 million.

After months of steady ups and downs, the delinquency rate for commercial mortgage-backed security loans has finally hit a wall.

There was a 21.6% decline in mortgage application volume on a seasonally adjusted basis during the last two weeks of 2012 as refinancings during the week of Dec. 28 were at their lowest point since April.

The average 30-year rate is down one basis point from last week at 3.34% and the rate for 15-year borrowers also is one basis point lower at 2.64%.

Walter Investment Management Corp., the parent of Reverse Mortgage Solutions, has agreed to purchase Security One Lending.

The Eleventh Federal Home Loan District Cost of Funds Index reached 1% in November, the all-time low for the series. In October, the index was 1.011%.

November is the fifth consecutive month where the members of the Mortgage Insurance Cos. of America did over $10 billion of new insurance written.

Northstar Bank of Texas, Denton, Texas, has acquired the controlling interest in Goldome Financial Inc.

According to a National Foundation for Credit Counseling poll, 63% of the respondents admitted responsibility for their financial woes.

Looking for conventional refi business in Maryland?

Stearns Lending Inc. appointed James Hecht as executive vice president, strategic development.

Lenders have originated just 2,015 FHA-insured short refinancings since the Federal Housing Administration launched the special program in August 2010 to provide a refinancing outlet for underwater borrowers with private label alt-A and subprime loans.

For the sixth straight month the number of completed foreclosures in Massachusetts declined by nearly 60% in November marking the beginning of a brighter future for this market.

President Obama signed a bill passed by the Senate and House on Tuesday that shields troubled borrowers from being penalized under the tax code when they agreed to a short sale or principal reduction transaction.

American Realty Capital-Retail Centers of America Inc. recently closed its acquisition of San Antonio-based San Pedro Crossing Shopping Center.

Jumbo originator PHH Mortgage Corp. is heading toward a new year with some changes under the hood.

Inlanta Mortgage said that 2012 was its best year for new hires, with a total of 77 new employees over the course of the year.