Residential lenders produced a total of $63.7 billion in new FHA-insured loans during the quarter, down slightly from the previous quarter.

A new investment banking firm wants to help nonbanks raise capital.

Overall FHA loan production dropped a tad during the first quarter of 2013 even as refinancing volume remained elevated, according to an Inside FHA Lending analysis of agency data. FHA lenders produced a total of $63.7 billion in new FHA-insured loans during the quarter, down 0.6 percent from the previous quarter but up 27.4 percent from the same period last year. FHA streamline refinancing rose 8.4 percent to $31.0 billion in the first quarter from the prior period. That was also up a whopping 97.8 percent from the same period last year. In a new report to Congress, the ... [2 charts]

With mortgage bankers earning a ton of money the past two years, more firms are considering buying a new loan origination system.

Redwood hits an earnings home run in the first quarter. Widening spreads a concern? Hardly.

Fannie Mae and Freddie Mac securitized a total of $27 billion of mortgages with LTV ratios north of 105 percent, most of which did not have insurance.

Fannie Mae and IBM are working together on at least one big technology project: a new data center. But is the relationship about to go even further? Meanwhile, MBS issuance stayed hot in April.

Changes at Fannie Mae in 2010 would have forced Third Federal Savings and Loan to adjust its underwriting standards if the company was to continue selling mortgages to the government-sponsored enterprise. Instead, TFSL decided to differentiate itself from other lenders and launched a non-agency ARM product. To manage interest-rate risk while serving borrowers that might have trouble qualifying for an agency loan, TFSL shifted from predominantly selling fixed-rate mortgages to Fannie before July 2010 to ...

Citi recently launched a program that allows borrowers to use their savings account to earn rewards which are paid against their mortgage balance. Citi said its “Offset Mortgage” will allow borrowers to pay off their loan more quickly. The program is available in the New York tri-state area. Borrowers must have a savings account with Citi and an automatic monthly debit for the mortgage payment from a Citibank checking account to participate. Citi said a borrower with a loan amount of ... [Includes four briefs]

Wells Fargo will reportedly appeal a federal judge’s decision that a $25 billion agreement Wells and four other banks made with federal agencies and 49 state attorneys general last year to settle allegations of servicing malpractices does not make the banks immune to future claims under the False Claims Act. The Feb. 12 decision by Judge Rosemary Collyer of the U.S. District Court for the District of Columbia said that the landmark settlement she had approved in April 2012 does not release the from future False Claims Act claims the government may bring. Dating back to the U.S. Civil War, the FCA provides for treble damages for fraud that results in ...