Originations

PennyMac Mortgage Investment Trust, a fast-growing buyer of mortgages from correspondents—including jumbos—recently inked a deal to receive a $100 million repo line from Barclays Bank PLC.

With the addition of four new towers announced this week—two in South Beach and two others in downtown Miami—more than 8,600 condo residences have now been proposed for the tri-county South Florida region.

Home sales may be flagging a bit, but prices are rising and have been each and every month since January.

The $8.8 million Class M of series 2002-CIBC5 was downgraded primarily because the New York-based ratings agency believes a former A&P grocery-anchored retail center will continue to see negative results in the future.

On July 17, an indictment was issued in New Jersey charging 11 individuals from five states a for their alleged roles in a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos, including a defendant who attempted to murder a witness to the scheme.

To be successful in the mortgage business, you need to remain healthy.

Lender Processing Services found that overall 7.14% of mortgages were in arrears as of June and estimates that its figures encompass 70% of the overall market.

Mortgage rates fell to yet another all-time low this week, 3.49% for a 30-year fixed-rate mortgage.

A new Mortgage Industry Standards Maintenance Organization workgroup intends to create a universal loan document identification protocol that would be based on loan-specific data and enable any entity across the lending process to use a common formula to create or recreate the unique identifier.

Stewart Information Services Corp. saw its net earnings increase 319% from 2Q11, while First American Financial Corp. had its best title margins since 2005 as it earned $73 million, more than double the $32 million in 2Q11 profits.

You might say the megabanks – for now – are sitting in the catbird seat. They have more loan applications than they know what to do with – and they have no desire whatsoever to add more staff to handle the volume, because, well, that’s what happens when you have a cartel.

EverBank Financial originated $2.7 billion of loans and leases in the second quarter, up 19% from the first quarter and 89% from the year ago.

What's a mortgage loan originator to do when he discovers that one of the trade lines in an applicant's credit report actually belongs to a relative with a very similar name?

The worst of the credit crisis has passed, but many banks are still living on borrowed time. So contends Kamal Mustafa, the chairman and chief executive of Invictus Consulting Group, which specializes in stress-testing banks.

Regions Financial's second-quarter earnings spiked as the Birmingham, Ala., company managed to reduce expenses and problem loans.

New York Community Bancorp Inc. earned $58 million from its mortgage banking division in the second quarter, a handsome 66% gain from the prior quarter, and an almost fourfold increase from the same period a year ago.

Up until a year ago, I had never considered using video as a way to communicate with the thousands of loan officers and real estate agents I connect with on a monthly basis.

Wells Fargo was the nation’s largest wholesaler in the first quarter with a market share of almost 15%, but wholesale accounts for just 5% of its overall business.

Although there still are risks to be accounted for, Wayne Tew believes this is a good time to be in the mortgage business.

A bipartisan bill that would permit regulators to grant federal charters to nonbank consumer lenders is being met with fierce resistance.