Mortgages

A multifamily building under construction in a working-class Manhattan neighborhood promises to offer a new avenue to creating moderate-income housing in urban areas.

Davis + Henderson Corp.'s acquisition of Harland Financial Solutions is a "big deal," simply because it involves so many credit unions using products supplied by the two companies.

Federal Housing Administration single-family originations spiked in May before dropping 23% in June as mortgage rates jumped and FHA mortgage insurance became more expensive.

Higher home prices are starting to shut out buyers in certain markets in California, while in Florida the market gained strength in the second quarter, with more closed sales, higher median prices, more pending sales and a shrinking inventory.

Gleacher & Co. has hired Blackstone Advisory Partners as advisors to consider potential mergers, acquisitions or other business combinations.

Mortgage Harmony Corp. said its new product is now making adjustable-rate mortgages attractive again.

Interactive Mortgage Advisors as an exclusive broker for an unnamed seller is offering another package of bulk Fannie Mae mortgage servicing rights.

Mortgage loan origination software salespeople for decades have swaggered, but they called it walking.

The Federal Housing Finance Agency has released a request for input on placing limits on multifamily loan terms, income levels and loan amounts.

The mortgage technology company had the largest percentage loss among Mortgage Industry Equity Composite stocks.

Mortgage applications to purchase new homes rebounded 14% in July after a 15% drop in June.

Refinancings have fallen off the cliff and the mortgage industry is bracing for a decline in originations.

While most loan officers (including Solter) work with Realtors, very few call on architects, who also deal with buyers.

Following its aggressive mortgage servicing portfolio expansion, Walter Investment Management Corp.’s drastic $142.8 million annual net income increase in the second quarter was not much of a surprise.

We're hearing there is a growing consensus that Fannie Mae and Freddie Mac should be wound down and replaced with a new system that relies more on private capital than government guarantees.

The Rancho Santa Fe, Calif., business operator is alleged to have obtained $2.2 million in mortgages using false information, including some agency loans.

Farmer Mac reported GAAP net income of $27.7 million for the second quarter, reversing a loss of $4.3 million for the same period in 2012.

The deal has a $325 million original balance that is backed by fee-simple and leasehold interest in a mall located in McLean, Va.

Origination News had a roundtable discussion with the officers of the Florida Association of Mortgage Professionals at the group's annual convention in Orlando, covering such issues as rising rates, recovering markets and regulation in the state.