Originations

Government National Mortgage Association issuers sold $26.2 billion of mortgage-backed securities into the secondary market in June, up 3% from the previous month, according to new government figures.

Consumers who bought their current home in 2007 or later, but are reselling it now, are overpricing their properties by at least 14% on average, according to Zillow, the online real estate database.

Existing home sales rose 7.5% in June from the prior month on a non-seasonally adjusted basis and prices increased for the third consecutive month, according to new figures compiled by RE/MAX.

The bank-owned PNC Mortgage Thursday confirmed that it hired mortgage industry veteran E. Todd Chamberlain as its president and chief operating officer beginning August 8.

First Guaranty Mortgage, McLean, Va., said it will offer Fannie Mae HomePath and HomePath Renovation Mortgage products to borrowers through both its retail and wholesale channels.

Radian Guaranty Inc., Philadelphia, will accept Fannie Mae Desktop Underwriter Approve/Eligible and Freddie Mac Loan Prospector Accept/Eligible loans for mortgage insurance without the need for a separate underwriting decision by the company starting on July 11 as part of a series of guideline changes the company is making.

JPMorgan Chase originated $34 billion of single-family mortgages in the second quarter, down 6% from the prior period as it continues to cut back on correspondent lending.

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Equifax subsidiary The Work Number will begin providing mortgage lenders and other consumer credit underwriters verifications of employment and income for self-employed individuals.

Those who've been holding their breath for a commercial real estate meltdown may want to exhale.

Conflicts of interest abound in the world of academic research. Many were highlighted in last year's Academy Award-winning documentary about the financial crisis, "Inside Job."

Mortgagematch.com, the loan origination website launched in late 2010 by Move Inc., is no longer pairing borrowers with loans and home listings.

Federal Reserve Board Chairman Ben Bernanke told lawmakers Wednesday that fixing the nation's housing finance system remains "the main piece of unfinished business" in financial regulatory policy.

Prospect Mortgage LLC, Sherman Oaks, Calif., has agreed to pay the Department of Housing and Urban Development $3.1 million to settle charges that it created sham affiliated business arrangements as part of a scheme to share in “kickbacks” paid to these joint ventures.

The House of Representatives late Tuesday passed a five-year extension of the National Flood Insurance Program by a 406-22 vote that attempts to make the NFIP more actuarially sound.

Fidelity National Financial Inc. on Wednesday agreed to sell its flood insurance business to WRM American Holdings LLC for $210 million.

The number of contracts signed for existing houses in Baltimore dipped a bit in June, but it was still the best June in Charm City in four years, according to the local multiple listing service.

Residential application volume declined for the fourth consecutive week -- this time by just over 5% for the week ending July 8, according to new figures compiled by the Mortgage Bankers Association.

Financial peace of mind is now six times more important than accumulating wealth to Americans 55 and older, with 82% saying it is their key financial goal, a survey conducted for SunAmerica Financial Group found.

One of the mortgage industry’s biggest advocates for the reverse mortgage product believes there is still a future for the Home Equity Conversion Mortgage in the wake of Wells Fargo discontinuing its production operations, but the Federal Housing Administration needs to make changes to its rules.