Mortgage News
Impac Restarts Originations
In 2007, Impac Mortgage Holdings Inc. closed its origination operations.
But in its earnings report today, Impac said it has begun originating mortgages again."
The company has established mortgage lending operations as it seeks to re-enter the mortgage lending industry," the report stated.
Ginnie Issuances Tumble
Ginnie Mae reported that February issuances declined 23 percent from January.
Multifamily issuance was $0.7 billion, off from $0.8 billion a month earlier.
But the overall volume of mortgage-backed securities issuances was higher than in February 2009.
Nearly 1-in-4 FL Mortgages Delinquent
Lender Processing Services Inc. reported in its February 2010 Mortgage Monitor that Florida led the states with the highest delinquency rate.
As of Jan. 24, delinquency of at least 60 days was nearly 24 percent in the Sunshine State.
The rate included loans in foreclosure and real estate owned.
Mortgage Originations Jump in 2009; Wells is Biggest
Residential mortgage productionlast year increased 40 percent from 2008, according to MortgageDaily.com's Fourth Quarter 2009 Mortgage Lender Ranking.
The findings were based on data obtained from quarterly earnings reports, public filings and directly from the companies as well as from government data.
Last year's biggest residential lender was Wells Fargo, which saw business improve by 83 percent from a year earlier.
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Real Estate News
Learn About the 2009 First-Time Home Buyer Tax Credit
Attention potential home buyers! Take advantage of an $8,000 tax credit toward the purchase of a principal residence for first-time buyers on or after January 1, 2009 and before December 1, 2009. And to make the deal even better, the credit does not require repayment. It's all part of the American Recovery and Reinvestment Act.
New Tax Credit for First-time Homebuyers Available
A $7,500 tax credit is now available for any qualified purchase between April 8, 2008 and June 30, 2009, as part of the Housing and Economic Recovery Act of 2008.
Learn about the tax credit >
Understand the Housing and Economic Recovery Act >
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