Originations

Only Minnesota’s giant Mall of America draws more visitors than the Aventura, Fla.-based shopping center that backs the collateral interests in the more than $1 billion commercial mortgage-backed securitization.

Often one of the biggest obstacles to a refi has been the need for a subordination agreement from a junior lien holder.

Small lenders have reduced their payrolls by 11,000 workers since June.

The city of Los Angeles is seeking damages for reduced property tax revenue and the costs of maintaining foreclosed properties, the complaint says.

This rule allows the CFPB examiners an easy way to trace the funds without having to dig through papers.

The HECM lender is licensed in 43 states and issues Ginnie MBS.

The real estate brokerage adds that when compared with 2012, the drop-off is not as severe.

These firms believe they will continue to grow their businesses.

Both private mortgage insurers got buy recommendations from the investment bank.

There is no place on the new loan estimate and closing disclosure for disclosing lender-paid compensation, says Don Frommeyer, president of the National Association of Mortgage Brokers. Thus the form might not be appropriate for mortgage brokers to use. Several readers commented on Frommeyer’s statement.

It will use CoreLogic data to empower research conducted by the Urban Institute’s Housing Finance Policy Center.

Rising interest rates means lenders’ refinance business will dwindle, forcing them to compete for buyers by potentially loosening their lending standards.

Yields for 10-year Treasury notes rose to the highest level in more than two months Wednesday.

If the switch is not done right, originators are setting themselves up for trouble.

Not much good has been said about those loan officers that scoop up the business that falls into the company’s lap, but that will change in the future.

Compensation for the business will be at a significant amount above book value.

A continuing reduction in bank-owned foreclosure inventories alongside third-quarter existing home inventory increases suggests “inventory bottomed early in 2013.”

A building containing Macy’s corporate headquarters secures the loan collateralizing the $450 million commercial mortgage-backed securitization.

Investors are anticipating the Federal Reserve to start its taper program soon and that impacted interest rates during a short week.

There was strong homebuyer demand in all four regions tracked in a government report, surprising many economists who had predicted a slight decline overall.