Originations

PHH Corp., Mt. Laurel, N.J. has priced an add-on offering of $100 million of debt, to replace the $250 million debt offering it cancelled on Dec. 2 due to market conditions.

MRN Cubed, a mortgage outsourcing and consulting firm and the parent company of e-mortgage technology vendor SigniaDocs, acquired default management workflow vendor DepotPoint.

Mortgage Guaranty Insurance Corp.'s delinquent loan inventory declined by over 4,000 loans between October and November, while the amount of primary new insurance written remained consistent for the third consecutive month.

Finding new customers and getting more business from current ones are the top two business pressures facing mortgage bankers today, according to the results of a survey taken by Comergence during the Mortgage Bankers Association's annual convention in Chicago.

The average weekly 30-year mortgage rate for the sixth week in a row is not far from record lows and pretty close to 4%, according to Freddie Mac.

Think about it - there are very few occupations where you are all things to all people.

Wells Fargo & Co. – as the industry is quite aware – is a dominant force in both residential production and servicing, but it continues to tower above all competitors in the GNMA MBS market.

The mortgage industry is having growing concerns about a payroll tax relief measure that would raise GSE guarantee fees by 12.5 basis points, using the additional revenues to pay for other government programs.

Citigroup Inc. has started job cuts this quarter that will affect nearly 4,500 people, chief executive Vikram Pandit said on Tuesday.

Matt Morris, who was recently appointed as chief executive of Stewart Information Services Corp., Houston, has created an executive team at the company.

U.S. Bankruptcy Court has ordered Mercer Rug Cleansing to sell its four real estate and business assets through auction.

Agency prepayment speeds came in line with expectations in the 30-year sector, where they were up 3% from the previous month, according to Credit Suisse's fixed income research report Wednesday.

Even though foreclosures and distressed properties will remain a significant part of the home sales market in Florida next year, plus the macro economic headwinds, economists cited by the state's Realtors said the market is in "a mini-recovery."

Walker & Dunlop Inc., a commercial mortgage banker, has opened an office in Nashville, which will focus on multifamily and healthcare loan originations through the Federal Housing Administration insurance program.

Care Investment Trust Inc., New York, has sold its interest in a medical office portfolio in order to concentrate on the senior living sector.

Servicers refinanced more than 85,000 high LTV loans under the Home Affordable Refinancing Program in the third quarter, up nearly 11% from the prior period, according to new figures compiled by the Federal Housing Finance Agency.

Application volume increased by 12.8% on a seasonally adjusted basis for the week ended Dec. 2, as rates fell to their lowest levels in two months.

Total Mortgage Services, Milford, Conn., said it has received regulatory approvals to fund residential loans in West Virginia.

Remember when "investor" was a four-letter word? Not anymore. Now, investors are all but saving the housing market.

Federally chartered thrifts originated $25.9 billion of single-family loans during the third quarter, up nearly 9% from 2Q, according to figures compiled by the Office of the Comptroller of the Currency.