Originations

From 2007 to 2011, more than 1.5 million older Americans lost their homes as a result of the mortgage crisis.

Mitsubishi Corp. will start originating CMBS in the U.S. through a joint venture with Five Mile Capital Partners.

The loan limit on VA-guaranteed loans is slated to move up to $729,750 again, staying there for two years now that House of Representatives has passed a Veterans benefits bill.

According to figures compiled by the Mortgage Bankers Association, refi applications accounted for 81% of all new business for the week ending July 27.

Ally Financial Inc. lost $898 million in the second quarter, blaming its troubled (and bankrupt) mortgage banking division, Residential Capital Corp., for its problems.

Freddie Mac is extending its streamline refinancing program to mortgages with loan-to-value ratios of 80% or less, bringing its Home Affordable Refinancing Program in line with Fannie Mae’s.

A few hours after the Federal Housing Finance Agency officially slammed the door on principal reductions, the Treasury Department shot off a memo to agency director Ed DeMarco asking him—more or less—to reconsider his position.

Proactive mortgage originators look to build sales; reactive ones do refis.

Impac is looking to offer products in niches which are fragmentedbut offer the chance for wider margins, including reverse loans and 203(k) loans.

Servicers completed 60,000 foreclosures in June, which is the same amount from the previous month but down 24% from last year.

Wells Fargo Home Mortgage is embracing residential reforms mandated by the new national servicing standards, regulatory consent orders and the Dodd-Frank Act.

The Mortgage Bankers Association, in a new comment letter to the CFPB, questions whether bank and nonbank residential loan officers should face the same rules when it comes to training and other issues such as “character” and “fitness” responsibilities.

FICO’s quarterly survey of U.S. bank risk professionals found that lenders expected the supply of credit to satisfy demand for all types of consumer loans through the end of 2012.

Commercial and multifamily mortgage originations in 2Q12 were up 25% on a year-over-year basis, benefiting from the same low interest rate environment that is sustaining residential mortgage lending.

The S&P Case-Shiller house price index climbed 2.2% in May after a 1.8% increase in April.

The Census Bureau reported that the number of the owner-occupied homes rose by 126,000 units in the second quarter after falling by 490,000 units in the first quarter.

So far, 43% of complaints received by the CFPB since it opened its doors in July 2011 were about mortgages.

American Mortgage Network is staffing up on wholesale management talent with three new senior hires.

After hiring a MetLife mortgage team in Northern California, Provident Financial Holdings said its fiscal fourth-quarter profit more than doubled from a year ago.

Ellie Mae has upgraded its Encompass360 loan origination system with new features to increase compliance and efficiency.