Origination

Three California men who previously operated Star Reliable Mortgage were ordered to pay $1.1 million in restitution and are facing multiyear prison terms related to a foreclosure rescue scheme.

Mortgage industry hiring and new job appointments for the week ending July 28.

Home prices in South Florida increased 5.3% in May from a year ago, a sign that recent gains are moderating, a new report shows.

Among the budget cuts proposed by the Trump administration is $6 billion to the Department of Housing and Urban Development, which could translate to the loss of Section 8 housing to 1,400 families statewide, about half of them in Albuquerque.

A decline in overall customer brand perception has stalled mortgage servicer satisfaction, ending a multiyear trend of steady improvements, according to J.D. Power.

Ellie Mae had second-quarter net income of $18.8 million, a 77% increase over the $10.6 million in the same period last year largely due to a tax accounting change.

U.K. regulators’ decision to abandon the Libor benchmark by the end of 2021 threatens to sow confusion in the market as the industry races to replace the scandal-plagued rate that underpins more than $350 trillion of financial products.

Financial regulation is too complex and needs to be retooled to improve access to credit, President Trump’s nominees to two top banking regulators told Capitol Hill on Thursday.

Borrowers can now self-serve when submitting application information at U.S. Bank, but the bank also has proprietary technology aimed at keeping loan officers looped in to help with product selection.