Origination news
Ellie Mae had second-quarter net income of $10.6 million as its revenue per Encompass user rose by 14%.
Chronos Solutions has acquired Spokane Valley, Wash.-based UPF Services, marking its fourth acquisition in just over a year a half.
Teardowns — in which builders or private individuals purchase an aging, outmoded house, then demolish it and replace it with a modern home that will suit today's homeowners — are currently on a tear.
The homeownership rate fell to the lowest level in more than 50 years as rising prices put buying out of reach for many renters.
Old Republic International Corp.'s title insurance business had a 6% decline in pretax operating income year-over-year for the second quarter as costs rose greater than premium and fee revenue.
By investing time early on with clients who may not be immediately ready for a mortgage, loan officer Becky Sandiland establishes relationships that generate future business.
Radian Group nearly doubled its net income during the second quarter from a year ago on a significant drop in expenses stemming from a smaller loss on debt extinguishment.
Arch Capital had underwriting income of $37.8 million in its mortgage insurance segment, which includes its U.S. subsidiary and an international reinsurance business.
In the cozy community of Brisbane, Calif., a developer's ambitious vision and the Bay Area's desperate need for housing are clashing with a small town's reluctance to change its laid-back character.
Home sale prices in Connecticut got a modest but welcome bump-up in June amid higher sales, a new report Wednesday shows, a sign that buyers are clearly in the market yet unwilling to pay too much for a house.
Mortgage rates increased slightly this week, but remain near historic lows, according to Freddie Mac.
President Obama called for Fannie Mae and Freddie Mac to be eliminated, but Democratic policymakers attending the convention here appear resigned to the fact that Congress is unable to act on housing finance reform.
Two Harbors Investment Corp., one of the few regular sponsors of private-label mortgage securitization post-financial crisis, is pulling out of the market.
Though the momentum slowed in June, a new report shows that house sales in Rhode Island increased by 15% in the second quarter of 2016, and the median sales price was $240,000, a jump of nearly 7% compared with April, May and June 2015.
First Community Mortgage, a subsidiary of First Community Bank in Murfreesboro, Tenn., has started a consumer direct lending operation working out of a new office in Cleveland.
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