Origination

Movement Mortgage is laying off 100 employees nationwide as the lender founded by a former Carolina Panthers player braces for an industry slowdown.

Seasonal hiring gave employment among nonbank mortgage lenders and brokers a boost in April and partially reversed an earlier decline despite growing signs of consolidation in the industry.

Overcapacity in the mortgage industry led to more competitive pricing in the first quarter, said Wells Fargo CEO Tim Sloan.

Two South Korean financial firms have bought $100 million of debt on a New Jersey residential building that's part-owned by the family of Jared Kushner.

Once again there were too many buyers and too few available homes in Tampa Bay and a few other parts of Florida in April.

Gov. John Bel Edwards vetoed legislation that would have asserted state authority over local zoning efforts aimed at creating affordable housing in gentrifying neighborhoods.

Mortgage industry hiring and new job appointments for the week ending June 1.

Remax Holdings is focused on "what it does best" with its Motto Mortgage business and in facing off against Zillow's new home buying and selling initiative, a company executive said.

Citizens Bank's $511 million acquisition of Franklin American Mortgage will beef up the bank's servicing portfolio and diversify its origination business at a time when higher interest rates have put a damper on refinance volume.

The value of commercial-property deals rose 6.7% in the first quarter from a year earlier, but higher interest rates and softer demand will weigh on the market, Ten-X Commercial said.