Origination

Multichannel loan origination system provider OpenClose has added a rate sheet generator to its product and pricing engine.

Though they have a reputation for being precarious, Federal Housing Administration loans are leading the decline in mortgage application defect risk, according to First American Financial Corp.

Deutsche Bank jumped in Frankfurt trading after a media report that the lender is nearing a $5.4 billion settlement with the U.S. Department of Justice in a probe tied to residential mortgage-backed securities, less than half an initial request.

Mortgage industry hiring and new job appointments for the week ending Sept. 30.

Strong home sales are boosting originations of Federal Housing Administration loans and opening the door for first-time buyers — developments that could portend the mortgage insurance agency receiving a positive report from auditors this fall.

An FHA lender was cited for violating Department of Housing and Urban Development rules by allowing repayment provisions in second mortgages.

Community bankers are showing renewed interest in consumer lending but admit they may be losing ground to more tech-savvy players, according to a survey released Thursday.

Artificial intelligence like IBM's Watson may not make bank compliance officers obsolete, but it could mean far fewer of them will be needed in the future, focused on higher-level tasks.

BB&T Corp. has agreed to pay $83 million to settle a Department of Justice investigation over loans that failed quality control tests but were still insured by the Federal Housing Administration.

Home sales in California are expected in increase in 2017 as price appreciation slows down, according to a forecast from the California Association of Realtors.