Origination

Mortgage rates edged downward this week as the market anticipated Wednesday's release of the minutes from the Federal Open Market Committee's July meeting, Freddie Mac reported.

A monthly gain in refinance activity coupled with a decrease in rates last month, according to data from Ellie Mae. However, loan turnaround times as a whole remained static.

United Bankshares in Charleston, W.Va., has agreed to buy Cardinal Financial in Tysons Corner, Va.

To money managers at Goldman Sachs Group Inc. and Prudential Financial Inc., the laggards of the debt universe look pretty good right now.

The hole at the corner of 15th and L streets, in downtown Washington, is deep – and getting deeper.

Macy's decision to shutter another 100 of its department stores could impair some $3.64 billion of securitized commercial mortgages, according to Morningstar Credit Ratings.

The impressive loan growth in the second quarter is surprising in an economy that grew by 1.2% in the second quarter and by only 0.8% in the first quarter.

The Consumer Financial Protection Bureau's choice for its new head of supervision and enforcement — the No. 3 slot at the agency — is raising eyebrows because of his political background and relative inexperience compared with similar positions at other regulators.

Online lender LoanDepot has raised $150 million in term debt financing as part of its capital strategy.

Mortgage application activity decreased 4% from one week earlier as home purchase volume fell to its lowest point in six months, according to the Mortgage Bankers Association.