Originations

MHI Hospitality Corp., a lodging real estate trust based in Williamsburg, Va., has exercised its option to extend the maturity date by one year on its mortgage loan secured by the Crowne Plaza Hampton Marina Hotel, Hampton, Va.

The prospect of getting laid off has home shoppers wary of committing to a mortgage, and those that do want to buy a home are continuing to find it hard to get financing, according to a monthly survey of real estate agents by Credit Suisse.

Nancy Alley, the vice president of product services at Xerox Mortgage Services, will now lead the group as its general manager, replacing outgoing GM Greg Smith.

PSM Holdings Inc., Roswell, N.M., is continuing its acquisitions spree by buying Founders Mortgage of St. Louis. Founders' president Peter Gubany received 250,000 shares of PSM common stock in exchange for the equity in his company. At the stock's current value of $0.90 per share on the over the counter market, it makes the deal worth $225,000.

Mortgage-related employment rose every so slightly in May with residential firms adding 2,600 new jobs during the month, according to government figures released Friday morning.

There are probably dozens of ways to apologize and many more ways of accepting one: "Gee, I'm so sorry." "Sorry 'bout that." "My apologies, I didn't mean to."

In planning to add 100 mortgage loan officers to its ranks, TD Bank is going against the grain.

Almost three years to the day of seizing IndyMac Bank, the Federal Deposit Insurance Corp. launched a civil action against its former CEO, saying he "negligently" allowed the thrift to keep making risky loans despite signs of market stress.

Fear among home buyers – even bargain hunters – that prices will continue to fall is holding the housing market in check, according to the latest survey from HouseHunt.com.

Consumers expect home prices will decline over the next 12 months and rents will increase, according to a new monthly consumer survey commissioned by Fannie Mae.

First Community Bank, Lexington, S.C., has agreed to buy Palmetto South Mortgage Corp., Columbia, S.C. The deal will close on July 31, and while the price paid was not disclosed, a press release said it will be paid out over a three year earn out period with "the actual amount calculated based on the achievement of certain profitability metrics."

Lenders filed only half the number of foreclosures in the second quarter of 2011 in the tri-county region of South Florida as they did during the same period last year, according to a new report from CondoVultures.com.

All weekly average mortgage rates tracked by Freddie Mac increased a bit after being mixed to stable recently.

The call for loan-level mortgage data sounded soon after the industry began to pick up the pieces from the housing market crash. It’s grown louder since then and the information is slowly becoming more available.

I was recently working with one of my San Francisco Bay Area executive coaching clients, the president of a mid-sized company. We discussed how to develop a positive mindset.

The securitized commercial mortgage delinquency rate tracked by Trepp has fallen for two months in a row for the first time since the credit crisis began in 2008, but it stems primarily from delinquent loans resolving with losses rather than curing.

Lender Processing Services Inc.’s CEO and president Jeffrey S. Carbiener, is stepping down, effective immediately, for what the company said are significant health-related reasons.

TD Bank has appointed a director of retail lending sales and plans to hire roughly 100 residential mortgage staff along the East Coast of the United States.

Small mortgage banking companies got crushed in the first quarter between falling loan volumes and rising expenses.

Alabama isn't exactly a hotbed of housing activity. But folks in three of the Cotton State's markets put more money down than home buyers in any other locale.