Kristin Broughton

Launching the new division is a "key step" in becoming a more diversified mortgage company, says CEO Ed Fay.

Mortgage applications increased during the week ending May 9, driven by a jump in requests for refinancings, according to the Mortgage Bankers Association.

Home prices nationwide jumped by 11.3% in the fourth quarter from a year earlier, according to an analysis released Tuesday by CoreLogic.

The Federal Agricultural Mortgage Corp. reported a decline in first-quarter profits driven largely by the early refinancing of agricultural securities.

Kroll Bond Rating Agency released a new monthly credit report to monitor the performance of commercial mortgage-backed securities.

HSH.com, a New Jersey-based publisher of consumer loan information, released an online tool to help consumers calculate the cost of a mortgage.

PHH Corp. swung to a net loss in the first quarter, driven by losses in the mortgage banking business that it is considering selling.

GoLoansOnline.com, a Houston-based mortgage lead generator, will pay $225,000 to settle Federal Trade Commission charges that it deceived consumers about the terms of their loans.

Mortgage credit availability dipped slightly in April, even while lending standards loosened for large adjustable-rate loans, according to an index published by the Mortgage Bankers Association.

Mortgage debt held by the elderly has soared over the past decade, driven in part by the foreclosure crisis, the Consumer Financial Protection Bureau said in a report.

Mortgage applications increased 5.3% for the week ending May 2, according to the Mortgage Bankers Association.

Commercial and multifamily mortgage loan originations fell by 45% in the first quarter from the previous quarter, according to the Mortgage Bankers Association.