Mortgages

Lenders are touting these loans to independent originators as an alternative way to make money in a new regulatory environment where the qualified mortgage rule caps salespeople's pay.

American Homes 4 Rent said that an affiliate will launch the offering of a securitization transaction by the end of this week.

The $305 million deal will give the mortgage insurance company another source of capital to support its operations.

The fate of low-income and minority families under housing finance reform remains at the heart of negotiations over a Senate bill, highlighting a longstanding split between advocates pushing for affordable rental options and those urging access to homeownership.

Like other parts of the real estate finance business, appraisal management companies are dealing with increased costs and less income.

Commercial and multifamily mortgage loan originations fell by 45% in the first quarter from the previous quarter, according to the Mortgage Bankers Association.

Bill Ackman, who runs the $15 billion Pershing Square Capital Management, said that Fannie Mae and Freddie Mac will probably soar because there's no way to replace the mortgage guarantee companies.

Homeowners who had a single point of contact at their mortgage servicer were twice as likely to receive and accept a mortgage modification and half as likely to be denied a modification, according to Fannie Mae.

The title giant is betting it can capitalize on growing demand for technologies that will help lenders stay competitive. The challenge will be doing so without getting stung itself by the industry's regulatory and volume problems.

Prices for loans underlying commercial mortgage-backed securities held steady over the past month, according to DebtX, which operates an online marketplace for loan sales.

The Senate Banking Committee continued negotiations over the weekend on landmark legislation to overhaul the mortgage finance system, but it still remains unclear when, or if, panel leaders will reschedule a key vote on the bill.

IntercontinentalExchange Group Inc. is pitching Wall Street on new derivative contracts allowing investors to wager on U.S. homeowner defaults, six years after subprime-mortgage swaps helped fuel the financial crisis, according to five people with knowledge of the matter.

New York City Mayor Bill de Blasio's initiative for 200,000 affordable housing units over 10 years calls for a $1 billion investment from the city's five public employee pension funds and the use of tax-exempt 501(c)(3) governmental purpose bonds to finance middle-income housing.

The Federal Housing Administration's new electronic signature policy contains confusing language that could stifle lender adoption, despite its good intentions, paperless-mortgage advocates warn.

What might work better would be clarifying guidance on mortgage insurance premium rules, the meaning of bona fide discount points, and the rules for affiliate compensation.

Freedom Mortgage is expanding its retail lending footprint in the Western U.S. by purchasing the assets of BluFi Lending.

As a bill that could bring monumental changes to Fannie Mae and Freddie Mac works its way through the Senate, some credit union executives are concerned that larger players would have too many advantages at the expense of small lenders.

Lenders do not necessarily have to work with AMCs. However, in reviewing all they take on and manage, it is clear where the benefit of an external partner comes into play.

A roundup of comments on our Editor at Large blog, from the best and brightest to the not-so-bright.

The quarter's revenue and profits could have been worse, according to CEO Sig Anderman, especially since "following the outage we experienced on March 31, we incurred forensic and consulting fees."