The Latest

Nondepository mortgage companies cut another 1,500 workers in March as the housing market's peak season got underway, suggesting that even with business potentially picking up, lenders remain cautious about hiring.

Movement Mortgage purchased the two branches that comprise Huntsville, Ala.-based Platinum Mortgage's retail business just weeks after the latter company sold its wholesale division.

People don't move like they used to.

Mortgage industry hiring and new job appointments for the week ending May 3.

Median home sale prices in the Bay Area dipped ever-so-slightly in March, marking the end of a record-breaking seven-year streak as even high salaries and low-interest rates failed to entice buyers into the country's most expensive market.

With nearly $90 million added in the past two months, Goldman Sachs marched closer to its $1.8 billion consumer-relief mortgage settlement with the U.S. Department of Justice.

JPMorgan Chase's Corporate Client Banking and Specialized Industries Mortgage group is now accepting electronic promissory notes as collateral to fund warehouse loans.

The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.

Freddie Mac is now offering to buy a new form of manufactured housing loan with terms similar to that of conventional mortgages from all eligible lenders, following a test run last year.

Intercontinental Exchange's proposed acquisition of Simplifile will enhance its MERS unit's growing presence in handling electronic notes.