Originations

It’s no secret that mortgage technology providers Calyx Software and Ellie Mae are fierce competitors. It’s not uncommon for the two vendors to battle for the same lenders’ loan origination system business and the two companies have a long and complicated history, including a copyright infringement lawsuit filed by Calyx that settled out of court by Ellie paying Calyx an “undisclosed sum” in late 2005.

Ally Financial Inc. has filed a registration statement with the Securities and Exchange Commission for an initial public offering to sell common stock held by the U.S. Department of the Treasury.

The cure/default ratio for the nation's private mortgage insurers was 112.2% in February, the first time there has been more new cures than defaults since May 2010, according to data collected by the Mortgage Insurance Cos. of America.

Two brokerage trade groups are expected to file an appeal in Washington by close of business Thursday, challenging a ruling that paved the way for the Federal Reserve Board to proceed with its loan officer compensation rule.

Average mortgage rates tracked by Freddie Mac’s survey all climbedslightly for the second week in a row but they remain below year-agolevels.

Grubb & Ellis Co., Santa Ana, Calif., has received an $18 million financing commitment from Colony Capital LLC, a private investment firm that makes debt and equity investments in real estate-related assets and operating companies.

Unless the implementation of the Federal Reserve’s rule on loan officer compensation is upended by last-minute court action, it went live last Friday and lenders should comply with it.

LAS VEGAS—“Too many” vendors have their hands in the real estate cookie jar, a long-time title industry executive claimed here last week.

I have a friend who manages 12 apartment complexes. He has tracked the turnover rates of tenants and year in and year out, 62% of the tenants move after one year. Another 28% move out after the second year and the remaining percentage live in the complex three years or more.

The Federal Reserve Bank of New York plans to begin more extensive salesof the nonagency residential mortgage-backed securities in its Maiden Lane II LLC portfolio into an improved market for the bonds, turning down AIG’s offer to buy back the securities.

At $430,000, a house on lovely Star Island in Miami Beach may be a steal in today's downtrodden real estate market. But the joint's not for sale. It's for rent, at $430K a month. An indication, perhaps, that all is not lost in one of the country's hardest hit housing markets.

Refinancing activity is dropping rapidly in the industry and is starting to affect MBS issuance by Fannie Mae.

Arkansas has become the 22nd state to restrict private transfer fees which require a percentage of a home's sales price be paid to a private third-party each time the property is sold — often for up to 99 years.

The Department of Housing and Urban Development late Wednesday named former Freddie Mac executive Robert C. Ryan acting commissioner of the Federal Housing Administration, replacing the departing David Stevens.

U.S. District Court Judge Beryl Howell late Wednesday denied a preliminary injunction aimed at halting the Federal Reserve's loan officer compensation rule, dealing loan brokers a major blow.

Lewis Ranieri, the co-inventor of the MBS, on Wednesday predicted that the new 'qualified residential mortgage' rule will push more borrowers into non-QRM loans who would normally qualify for a Fannie Mae or Freddie Mac product.

As of January 2011, the "shadow inventory" of homes declined slightly from the same time period a year ago, but nine months' worth of supply still remains, according to a new report released by CoreLogic.

Fannie Mae's relatively new Guaranteed Multifamily Structures Program is gaining traction in the market.

A run-in with the government has rattled Hudson City Bancorp — and Ronald Hermance's outlook on its bread-and-butter product: 30-year-fixed rate mortgages.

The Federal Reserve Board is showing no signs of backing down on its loan officer compensation rule despite congressional requests and industry lawsuits to delay the April 1 effective date.