Originations

An executive in the senior housing lending business is warning potential borrowers that because of the tight credit markets, they must be prepared to give even more descriptive information and data than already has been provided.

After months of rumors, Bank of America made it official Wednesday morning, saying it would exit the correspondent mortgage space, where it ranks second nationwide.

CoreLogic said recently hired financial advisory firm Greenhill & Co. will evaluate the company's financial strategy and “explore a wide range of options aimed at enhancing shareholder value,” up to and including a possible sale or merger of the Santa Ana, Calif.-based provider of mortgage and property data, analytics, technology and services.

Home prices rose 1.1% in June after a 1% increase in May as values in 19 of the 20 metropolitan areas tracked by the Standard & Poor's/Case-Shiller house price index registered monthly gains.

For those of us who live on the East Coast, we certainly had plenty of reminders about impending disasters this past week.

Municipalities are increasingly holding mortgage securitization trustsliable for the upkeep of properties, which could affect investors'cashflows, according to a new report from Moody's Investors Service.

Fresh off its initial public offering of common stock, real estate listing and mortgage rate search website company Zillow posted its first ever quarterly profit since its launch in 2006.

Mortgage Banking Solutions, Woodway, Texas, says it is currently working on four merger-related transactions with announcements on two of them coming shortly.

Housing production took a sharp and sudden decline in the nation's most populous state in July, posting the lowest level of permits since January 2009.

The percentage of early defaults on FHA-insured loans originated by MortgageIT “skyrocketed” after it was acquired by Deutsche Bank in 2007, according to an amended complaint filed by New York U.S. Attorney Preet Bharara.

The Kislak Organization's re-entry into the residential mortgage business is kaput.

The Obama administration is finally realizing that a major refinancing program to help troubled borrowers could help stabilize the housing market and give the economy a jolt—and it would be particularly effective if it reaches an estimated 11 million underwater mortgagors.

A new integration into the Mortgage Builder loan origination system allows users to order CoreLogic income verification services directly from the LOS.

Overture Technologies sold its mortgage division to CompuGain Corp., in a deal announced Monday.

The National Association of Realtors' leading indicator of future home sales slipped 1.3% in July, after rising the two previous months, which does not bode well for closings in August and September.

There are a lot of reasons for mortgage bankers to expand in today's market, even though it means that a certain degree of consolidation is inevitable as long as recovery remains elusive.

This month is the conclusion of the “Dentist Diaries,” my journey through pain for better customer service. In last month's article, I left off just as I was dismissing the infamous dentist. Today I want to roll back a few days prior to that dismissal to give you some of the back-story.

WASHINGTON - Carrington Mortgage Services is currently building a platform to serve the mortgage broker community, according to Steve Patton, the company's executive vice president for mortgage lending.

Pro-active housing policies may be needed to spur a recovery in the housing sector, according to Federal Reserve Board chairman Ben Bernanke.

Fewer U.S. commercial mortgage-backed securities loans are slated to come due in 2012 than this year, according to a Fitch report Friday.