Origination

Through Motto Mortgage, Remax is looking to give its smaller franchisees the same ability to offer one-stop shopping to homebuyers as larger operators, in a way that will not raise red flags for regulators.

Mortgage brokers and their wholesale partners have seen a slow increase in their market share since the start of the housing recovery. Remax's Motto Mortgage franchise business could accelerate growth faster than the channel's advocates hope for.

American Mortgage Consultants has acquired a business unit that handles due diligence and quality control for residential mortgages from Stewart Lender Services.

The national foreclosure inventory fell by 30% year over year in November, according to CoreLogic.

Two Republican senators sent a letter to Vice President-elect Mike Pence calling for the removal of Consumer Financial Protection Bureau Director Richard Cordray.

Gov. Andrew Cuomo wants to give the state's banking regulator — one of the country's most aggressive — the power to ban "bad actors" from working in financial services, allowing it to step in when federal agencies refuse to act.

Ellie Mae has rolled out an extension to its Encompass Lending Platform to allow loan officers to originate loans in a mobile environment.

The Federal Housing Administration said it would cut the annual premium by 25 basis points starting on Jan. 27, giving President-elect Donald Trump a limited window to delay or scrap the cut.

In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter.

Americans' desire to be homebuyers decreased for the fifth consecutive month in December as interest rates continued their post-election climb, according to Fannie Mae.