“Discrimination should have no place in the mortgage industry,” according to the Republican platform.

Officials at Wells Fargo said that in the first month of offering the non-FHA yourFirstMortgage, applications for more than $1.0 billion in production were received.

While FHA forward mortgages continued to be the biggest source of collateral, the VA program actually produced a bigger gain, 42.4 percent, from the first to the second quarter.

Officials at BofA have a positive outlook for originations, with the bank’s first-mortgage production pipeline at higher levels at the end of the second quarter.

Moody’s noted that all of the conforming mortgages that will be included in the MBS pre-date the TILA/RESPA Integrated Disclosure rule.

The bill would expand flood insurance options by including private flood insurance and require the GSEs to accept any private flood insurance company a borrower chooses, as long as the company is financially sound.

The bank’s residential whole loan portfolio (based on average balances) totaled $275.85 billion at quarter’s end compared to $266.02 billion a year ago.

Lone Star produced a rare rated deal backed by subprime loans that had been originated within the past year …

Both parties wouldn’t comment on the news regarding Onslow Bay…

For several months now, there have been predictions about a massive correction in the bond market, which could cause red ink to spill …