Originations

A federal judge ruled in favor of two investors involved in litigation against Bank of America offering an alternative insiders see as self-help in mitigating conflicts of interest between lenders and investors of asset-backed commercial paper.

The housing-fueled rise and rapid fall of Washington Mutual may be the most forgotten story of the financial crisis. Kirsten Grind, the author of a new book out Tuesday about WaMu titled "The Lost Bank," believes there are several reasons why the bank's story has yet to crack the public consciousness.

A federal judge has ruled in favor of two investors involved in litigation against Bank of America.

Shawn Miller has parted ways with nonperforming mortgage investor Arch Bay Capital, but is now starting a new origination firm backed by the company he left.

Radian Guaranty’s inventory of delinquent mortgage loans slipped under the 100,000 mark at the end of May, as nearly 1,900 loans were removed, while, Mortgage Guaranty Insurance Corp. had 1,725 loans leave its delinquent inventory during the month.

Navy Federal Credit Union is originating 3/5 and 5/5 conforming and jumbo adjustable-rate mortgages for as low as 2.875%.

Walker & Dunlop acquired CWCapital, creating one of the largest commercial real estate lenders in the nation.

CU Realty Services is using the occasion of its 10th anniversary to launch a long-awaited expansion campaign to increase the number of credit unions it serves.

Monday June 11 is the day the Federal Housing Administration’s new streamline refinancing option launches. (Lenders, start your engines.) Meanwhile, mortgage bankers and brokers are still busy writing as many new HARP 2.0 loans as humanly profitable.

A new wave of credit downgrades on the nation's megabanks could hit the market this week, causing nervousness among investors.

In a new letter to HUD secretary Shaun Donovan, 69 members of Congress ask the agency to ease underwriting standards on condominium loans financed by the Federal Housing Administration.

ISGN’s new CEO took the reins of the mortgage technology and outsourcing provider Monday, marking the first time that the international corporation’s chief executive will be based in the U.S.

Abhinav Asthana of Wipro Gallagher Solutions details the company's new mobile LOS app.

Bank of America agreed to pay up to $161,180 to settle allegations that one of the bank’s branches refused to refinance the mortgage of a California woman because she was on maternity leave.

The more portfolio-friendly nature of jumbo loans and recent delays in key secondary market regulations are key hurdles holding back the long-awaited return of this secondary market, which is making some strides in other areas.

Some industry officials are urging the Consumer Financial Protection Bureau to use its ‘exemption authority’ to exclude Fannie Mae, Freddie Mac, and FHA loans from its LO compensation proposals.

The next step needed to improve the integrity of values in appraisal management is a set of scores for not only the valuations themselves, but also appraisers and specific areas.

The question most people seem to be asking is whether the flat origination fee proposal is going to become law. While I do not have a crystal ball, here is my take on it: The CFPB's policy positions it will certainly err in favor of certain consumer groups over the industry, but won't do so when there is little to gain.

Bank of America will lay off 675 employees in Florida as part of the bank's broader plan to reduce its head count.

ViewPoint Bank in Plano, Texas, is selling its home lending unit to a Dallas-based nonbank lender as part of its continued shift from a thrift to a commercial bank.