Originations

Provident New York Bancorp has hired Luis Massiani to be its next chief financial officer.

The House Republican Steering Committee officially endorsed Rep. Jeb Hensarling for chair of the House Financial Services Committee.

The Federal Home Loan Bank of Chicago that launched the Mortgage Partnership Finance initiative 15 years ago has been recruiting other FHLBs to sign up for the secondary market program.

Freddie Mac purchased $50 billion of home mortgages from its seller/servicers in October, the highest reading since June of 2009, according to new figures released by the government-controlled secondary market giant.

Low-income consumers are more likely to have a mortgage broker or real estate agent influence their loan decision.

Lenders interviewed by National Mortgage News this past week said volumes remain strong.

Bliss Sawyer's holiday marketing plans.

They have a different work/life style than civilian consumers.

Mortgagors in the District of Columbia have the highest monthly mortgage payment in the nation, shelling out nearly $1,642 every 30 days.

The qualified mortgage test and risk retention rules will cement Fannie Mae and Freddie Mac’s dominance in the secondary market, according to FBR Capital Markets.

Residential delinquencies fell by almost 5% in October after surging the month before.

To date, Impac has not commented on the spike in price, but disclosed late Monday that it received notice from the New York Stock Exchange about “unusual trading activity” in its stock.

• MT Awards Photos• Credit Unions Eye Mortgage• MERS Helps Code Compliance• Vendors Using Their Software

Using the “Course of Action Comparison.”

In total, 304,326 shares of Impac stock changed hands Monday compared to an average volume of 218,802.

A representative of the Pennsylvania Department of Banking and Securities was surprised by opposition to a change in state regulations.

Held in Atlantic City Oct. 9 and 10, the meeting was sponsored by three groups: the New Jersey Association of Mortgage Brokers; the Pennsylvania Association of Mortgage Brokers and the Maryland Association of Mortgage Brokers.

Florida has moved ahead of Nevada as the state most at risk for mortgage fraud.

The Federal Housing Finance Agency is running into resistance from Connecticut lawmakers for its proposal to charge upfront fees on government-sponsored enterprise mortgages originated in states with long foreclosure timetables.

National Mortgage Insurance Corp. has been cleared to issue mortgage insurance policies in 13 states.