Origination

Plus: mortgage credit availability hits 6-year-low and Ellie Mae and ICE Mortgage change leadership

Even though second-quarter originations were nearly double the same period in 2019, most were refinancings, which generate less revenue for title companies.

Jonathan Corr's departure from the nation's largest loan origination system company follows the completion of its sale to Intercontinental Exchange.

The guidelines are somewhat similar to those the Federal Housing Finance Agency established for the government-sponsored enterprise market in response to the high number of loans impacted by coronavirus-related hardships.

The financial industry has praised the measured approach taken in a pending regulation on permitted communications with consumers. But two recent complaints by the bureau against debt collectors reflect a potentially aggressive enforcement stance.

The Spokane County, Wash., housing market continues to show resilience during the coronavirus pandemic as the median closing price skyrocketed to a record-breaking $317,000 in August.

From an increased interest in outdoor space to a need for a dedicated home office, the pandemic has created new drivers for refinancing, moving and other housing decisions, TD Bank found.

Albuquerque, N.M., area home prices continued to rise in August, driven in part by a spike in demand for luxury homes.

That, along with continued high refinance volume over the next three months, keeps originators' profit forecasts elevated, Fannie Mae said.

Mortgage industry hiring and new job appointments for the week ending Sept. 11.