Origination

Now that Akron, Ohio, has named the buyer, the estimated $20 million redevelopment of the CitiCenter Building joins a glut of downtown projects competing for private funding, public tax breaks and future tenants.

Mortgage industry hiring and new job appointments for the week ending Nov. 16.

In the latest example of how companies that control a significant portion of the home buying process can weave digital innovations throughout the customer experience, online real estate and mortgage company Redfin will implement electronic closing technology from Notarize.

Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.

A reduction in Ditech Holdings' quarterly net loss fell short of what the company needed to avoid the possibility of another Chapter 11 filing.

Mortgage fintech LoanSnap launched VA Smart Loans, which will provide personalized options to current and former service members applying for a Veterans Affairs-guaranteed mortgage.

After last week's surge of 11 basis points, mortgage rates held steady due to a dip in energy costs, even with continued stock market volatility, according to Freddie Mac.

The mortgage insurer’s annual actuarial report showed strength in the agency’s capital reserves even though losses in the “home equity conversion mortgage” program are still a problem.

The move allows the New York multifamily lender to make more loans without having to raise capital.

Wells Fargo & Co. raised its required down payment for homebuyers in Connecticut's Fairfield County to 25% from the standard 20% after it categorized the area as distressed.