Mortgages

The third party originations channels will “grow exponentially” over the next few years, and First Guaranty Mortgage Corp. wants to be ready for that, the company’s top executive said.

Federal Housing Administration may not be able meet increasing demand for multifamily and health care facility loans this summer when the agency is expected to run out of loan commitment authority.

Wells Fargo was the top originator for commercial mortgage-backed securities and loans sold to other investors.

Sales of previously owned homes rose 0.8% in February from the prior month as single-family sales were flat and condominium sales jumped 9%.

Data show the link between energy-efficient homes and mortgage default risk is not just a plausible, economically sound theory.

Naqvi is leaving the company at around the same time the CEO of PNC Financial Services Group, James Rohr, is retiring.

Enterprise said that its banking subsidiary has reached a deal to buy Gorman & Gorman Home Loans, a division of F&M Bank and Trust in Hannibal, Mo.

The 30-year mortgage rate dropped to 3.54% and origination projections for the year increased slightly to $1.75 billion from $1.7 billion.

The $34 billion servicing pool is made up of performing Freddie Mac and Fannie Mae-backed mortgages that currently have higher-than-market interest rates and are expected to be refinanced post-closing.

The seasonally adjusted HPI published by the Federal Housing Finance Agency Thursday morning shows that prices rose 0.6% in January after a 0.5% increase in December.

Amy Tierce has some questions and answers you can share with your referral partners.

Both Fannie Mae and Freddie Mac closed at $1.08 per share on Wednesday, continuing a spectacular run-up in recent days.

Lennar Corp. is growing its mortgage operation to provide financing for its home buying customers and to compete with local lenders in select markets.

There was $11.4 billion of premiums written last year by the nation’s title insurance underwriters, up from $9.5 billion one year prior.

The purchases will remain divided between $40 billion a month of mortgage-backed securities and $45 billion a month of Treasury securities.

JPMorgan is returning to the private label residential mortgage-backed securities market and EverBank has entered it, according to presale reports from Fitch.

When it comes to hiring, like most things, it’s not just “who you know” but also “what you know” that makes you successful.

A client was told that his loan could not be sold on the secondary market to Fannie Mae or Freddie Mac.

The average FICO dropped from 749 in January 2013 to 745 in February 2013, the lowest point since May 2012.

Recent data suggest legislators may have to start considering the pros and cons of expanding the Home Affordable Refinance Program so it includes private-label loans.