Originations

Breakwater successfully negotiated with the lender to reduce the loan payoff and provided the loan guarantees necessary to secure new long-term financing at a 5% interest rate.

The CFPB is working on a real estate issue that gets to the core of its purpose: transparency and better disclosures of costly loan process fees.

A consultant with Potomac Partners told National Mortgage News that the "System for Award Management" seems to be running a bit better.

The FHA has embarked on a desperate attempt to raise capital through settlements with major banks, sales of severely delinquent loans and higher insurance premiums on new borrowers.

Two California business partners were sentenced last week to serve prison terms for operating a mortgage fraud scheme in 2006 to 2007.

Yes, the Wisconsin Republican opposed Dodd-Frank and supports the limited government that many bankers crave. But he'll also help harden the views of an electorate that's already leaning Obama's way.

Pacific Mercantile Bancorp, Costa Mesa, Calif., will exit the wholesale mortgage business.

Impac Mortgage Holdings, Irvine, Calif., expects to post a profit when it reports second quarter earnings on Wednesday, and continues to expand its lending and servicing operations, the company said in a recent SEC filing.

A trio of sales trainers speaking at the California Association of Mortgage Professionals conference provided useful hints for mortgage originators to adopt.

With the announcement of six new towers to be built in Hollywood, the number of high-rise condominium buildings now planned for South Florida now totals 56, according to the latest count by CondoVultues.

A General Services Administration website that FHA lenders must check before approving loans crashed Monday and has been down most of the week, delaying mortgage closings, National Mortgage News has learned.

Consumer advocates and financial services industry officials clashed Thursday over whether banks and insurers are getting paid fairly in the force-placed insurance market.

Lenders of all sizes are looking into becoming servicers, bringing us full circle back to the days when virtually every lender serviced their own loans.

It’s (almost) late summer and what better time to throw out a ‘loose ends’ blog on several story leads, ideas, and thoughts that have been knocking around my head (and inbox) of late.

The judges of the Mortgage Technology Awards have selected this year's finalists. Watch to see who will contend for 11 of the award categories.

The Low Income Housing Tax Credit, the very valuable program that develops new units for affordable housing, is seeing a thinning out of investors in the tax credit, especially insurance companies.

The Mortgage Industry Standards Maintenance Organization released the latest version of its reference model for a 30-day intellectual property rights review, the final step before MISMO Version 3.2 reaches the final “Recommendation” status for implementation.

Ten people were charged with a $40 million fraud relying on phony documents and straw buyers to bilk mortgage lenders for properties at the New Jersey Shore and resorts in South Carolina and Georgia, prosecutors said.

Fannie Mae on Thursday priced a $1.4 billion multifamily DUS REMIC with a large five-year tranche that drew several new investors, a capital markets executive at the agency told this publication.

The California Association of Mortgage Professionals annual convention is a gathering of survivors, and the message at the opening session was that there are more cuts ahead.