Originations

The Federal House Finance Agency is committed to building a common securitization platform that Fannie Mae and Freddie Mac both will use to issue their own MBS, but there will be no blending of their products.

The average rate for a 30-year Freddie Mac loan stayed at 3.55% for the week ending Sept. 13 as markets speculated on the possibility of further stimulus from the Federal Reserve.

Confirmed: some banks are buying and funding nonprime mortgages -- but the effort is small.

Inlanta Mortgage named Nicholas DelTorto, the founder and former CEO of Amerihome Mortgage, as its new president.

Loan brokers originated 11.3% of all residential loans in the second quarter, their best showing in almost two years.

An iPhone app released by Radian Guaranty allows users to check eligibility and calculate rates for the Philadelphia-based mortgage insurer’s products.

It takes an average of 56.3 months, or almost five years, from a missed payment to the liquidation of a mortgaged property in New York.

JPMorgan Chase recently dismissed 74 employees in Florida as the lender shuffles staff to accommodate demand for mortgage refinances.

File this under rumor: residential mortgages that are not eligible for sale to Fannie Mae/Freddie Mac/FHA (insurance) are being quietly originated and kept on the balance sheet of community lenders.

Restaurants are using CRM to cater to their regular customer preferences. Mortgage originators should do the same thing.

Mortgage bankers saw new applications spike by 11% for the week ending Sept. 7—thanks to continued low interest rates.

Mortgage Guaranty Insurance Corp. wrote $2.5 billion of new insurance policies in August, a 4% increase from the month prior.

Astoria Financial has already originated more multifamily and commercial real estate loans this year than it did in all of last year.

The House passed a bill that requires the Federal Housing Administration to submit a plan to Congress on how it intends to avoid a government bailout of its financially strapped mortgage insurance fund.

Demand for foreclosed properties is heating up in certain markets where the supply is shrinking at increased speed.

Government entities, investors and lenders are embracing efforts to minimize foreclosure related losses by keeping properties occupied.

Bankers are mounting their support for national efforts to build up a much-needed financial literacy foundation.

NewDay USA, a nationwide reverse mortgage lender, has named former Government National Mortgage Association president Joseph Murin as its new president and chairman.

As the Mortgage Bankers Association’s annual conference in Chicago gets closer, I’m remembering what a great mortgage party town the Windy City has been over the years.

Are businessmen of all different stripes, including lenders, holding back on hiring?