Originations

Freddie Mac's net income rose to $2.3 billion in the third quarter, a big turnaround from the same point last year, when it lost $475 million due to derivative hedging instruments.

Courting borrowers with past bankruptcies might not cross most loan officers' minds as the best strategy for building business, but Guaranteed Rate's Danielle Young doesn't let borrowers' past blemishes intimidate her.

Commercial mortgage originations increased 5% in the third quarter compared with the same period last year, driven by a huge increase in government-sponsored enterprise volume.

Home prices will increase by more than 5% over the next year, after increasing by 6.3% on a year-over-year basis in September, according to CoreLogic.

A third securitization of single-family rental properties by Colony American Finance is also the smallest to date for the REIT-affiliated lender.

Bethpage Federal Credit Union, Holston Methodist Federal Credit Union and United Heritage Credit Union have all selected the FirstClose Report for instant title search, flood certification, valuation and property information tied to mortgage and home equity loan products.

Blackstone Real Estate Partners is tapping the securitization market for a cash-out refinancing of The Cosmopolitan of Las Vegas hotel and casino.

The Federal Reserve has maintained historically low interest rates for too long, causing superficially high prices in housing and other assets. The outcome of the presidential election will likely decide whether the Fed maintains the status quo or embraces risk and raises rates.

September's mortgage application defect risk declined 1.4% from August and 14.8% from one year ago, because of the continued improvement in loan manufacturing processes, said First American Financial Corp.

Sun Bancorp’s third-quarter profit declined, as the Mount Laurel, N.J., company recorded almost $3 million of one-time gains a year ago.