Originations

General Electric Co. and Capital One Financial Corp. have submitted bids for ING Group's U.S. online bank, according to combined press reports.

The National Credit Union Administration late Monday came to market with its 13th and final offering of NCUA Guaranteed Notes, selling $2.21 billion of mortgage-backed product to investors.

Despite a 35% decline in overall residential fundings in the first quarter, Fannie Mae and Freddie Mac continued to purchase refinanced, high loan-to-value loans at a decent clip under the Home Affordable Refinance Program.

Roughly 22.7% of all residential properties encumbered with a mortgage had negative equity at March 31, a slight improvement over yearend when the reading was 23.1%, according to new figures released by CoreLogic.

Six regulatory agencies late Monday afternoon extended the comment period on the controversial risk retention proposal until August 1, after intense lobbying from various factions of the mortgage industry.

Appraisal and mortgage technology vendor a la mode will soon launch a new browser-based service for lenders and appraisal management companies to manage the transmission of electronic appraisal documents to the Uniform Collateral Data Portal.

Originations of VA-guaranteed loans are showing no signs of slowing down this year, according to the Department of Veterans Affairs.

The six regulatory agencies working on the risk retention rule are considering a proposal to extend the comment period until August 1, according to industry officials.

One wholesaler has found borrower-paid compensation so far to be somewhat more common than lender-paid compensation under new compensation rules.

Freddie Mac said Monday it expects its upcoming second offering of its multifamily structured pass-through “K” certificates backed only by seven-year multifamily mortgages to be a bit bigger than its first, and separately noted an executive personnel change in its multifamily area.

Morgan Stanley and Bank of America have begun marketing a $1.2 billion CMBS deal.

Commercial real estate mortgage banking firm CW Financial Services has enhanced its commercial real estate debt platform.

Figures released by the U.S. Treasury show that taxpayers collected a total of $12.9 billion in May from the investment and sales of the agency’s mortgage-backed securities (MBS) portfolio.

Mortgage origination volume for 2011 could be as low as $825 billion as demand disappears, according to the latest projections from iEmergent, Des Moines, Iowa. The company now predicts a range of between $825 billion and $942 billion; back in November, it projected 2011 volume of between $904 billion and $991 billion.

Brian Simon is joining Caliber Funding LLC, Irvine, Texas, as its new chief executive, while Michael Massella is the company's new senior vice president, wholesale lending.

Christopher Vincent Hussain, the No. 1 producer on our list, says he benefited from the changing landscape in the business. This is because much of the competition on the residential side exited the business.

The state of the nation's housing? In a word, "depressing," according to the latest State of the Nation's Housing report from the Joint Center for Housing Studies at Harvard University.

Ocwen Financial Corp., a top ranked specialty servicer, made it official over the weekend, agreeing to buy Litton Loan Servicing from Goldman Sachs for $264 million in cash, plus extras.

The evolution of today’s underwriting, which is largely being shaped by what investors will literally buy as well as what will fit into the market’s developing regulatory framework, has been key in the wake of the downturn to the market’s future.

The South shall rise again, according to the latest report from Housing Intelligence, which says three Southern metropolitan areas sat atop the housing market in the first quarter.