Originations

MGIC Investment Corp., the nation's largest mortgage insurer, posted a net loss of $165 million in the third quarter while revenue and new policies written continued to slide amid a depressed housing market.

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Cash may be king when it comes to buying a home, but for the nation's home builders, it's princely to have their own mortgage companies.

When it comes to the mortgage and housing bust don't blame ARMs. The proliferation of adjustable rate mortgages – and payment shock – during the boom years was not a major cause of the foreclosure crisis in this nation, Federal Reserve Bank of Boston economist Paul Willen told a Congressional panel Thursday.

The Senate late Thursday approved an amendment to restore the $729,750 maximum loan limit on government-back mortgages for two more years.

Annual sales of existing homes and condos in Florida increased 10% in September indicating an upswing trend that started to become apparent in January may continue.

Mortgage Bankers Association chief economist Jay Brinkmann gave attendees at the group's annual convention in Chicago one sentence of caution regarding how he came to make his economic forecast: “Don't put a whole lot of stock in any one particular number.”

Sales of existing single-family homes fell 3.6% in September after a 9% spike in August, according to new figures released by the National Association of Realtors.

Mortgage rates generally appear to be stabilizing after last week's jump above record lows, according to Freddie Mac's latest survey.

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A federal judge has ruled the massive $8.5 billion settlement between Bank of America and several large investors who lost billions on private label MBS will be heard in federal court.

Half of the 12 Federal Reserve Banks reported an increase in mortgage refinancings by lenders operating in their districts, according to the central bank's new 'Beige Book' report.

Wells Fargo & Co. has been the market leader in residential fundings for two years now -- but never before has it opened up such a wide lead over its two closest competitors, JPMorgan Chase and Bank of America.

The New York State Court of Appeals late Wednesday agreed to hear an appeal from Hudson Valley Federal Credit Union, which claims its status as a federally chartered credit union should exempt it from the state's recordation transfer tax on all real estate transactions.

Equifax is expanding the availability of technology it’s developed to aid mortgage investors analyzing whole loan portfolios before and after they’re purchased.

Refinance activity in the Central Florida region remains relatively low compared to the rest of the country but experienced a notable pickup in September, according to an Orlando mortgage lender's report for the month.

New York Community Bancorp Inc., Westbury, N.Y., reported its mortgage banking income doubled between the second and third quarters, driven by the drop in interest rates and an increase in refinance applications.

Multifamily starts spiked 50% in September to the highest level in three years while single-family starts edged up 1.7%, according to new government figures released Wednesday morning.

The residential mortgage banking segment at PNC Financial Services Group, Pittsburgh, earned $22 million in the third quarter, less than half of the $55 million it made in the second quarter and one-fourth of the $97 million profit of the third quarter 2010.

An executive with Reverse Mortgage Solutions said he believes mortgage brokers will be the big winner from the exit of Bank of America and Wells Fargo from the reverse mortgage field.