Origination

Mortgage rates took a small step down, decreasing for the sixth time in the eight weeks since Memorial Day, according to Freddie Mac.

June saw the largest monthly total of homes sold in the city's housing market in almost 11 years, according to Rockford Area Association of Realtors.

Reps. Ed Royce, R-Calif., and Earl Blumenauer, D-Ore., introduced a bipartisan package of legislation Tuesday to extend the National Flood Insurance Program through Nov. 30.

Oaktown Re II is National Mortgage Insurance's first rated transaction, according to Morningstar; it reinsures $5.47 billion of policies on mortgages with a total balance of $30.12 billion.

As purchase mortgages continue to dominate overall industry volume, lenders aren't letting the extra work required to close these loans affect their productivity.

Mortgage banking revenue stemming from a year-to-year increase in rates weighed down noninterest income at U.S. Bancorp, but increased interest income from higher rates helped improve earnings overall.

Rising median home prices and tight housing inventory led purchase and overall mortgage application volume to fall although refinances rose.

Continued favorable loss development trends allowed MGIC Investment Corp. to beat analyst estimates for the second-quarter earnings report.

Despite dipping in June, Central Texas home sales were up in the first half of the year over the first six months of 2017, likely putting the region's housing market on track for another record year.

New-home groundbreaking and permits fell in June to the slowest pace in nine months, as higher mortgage rates and elevated costs for labor and materials pinch the housing market.