Origination

U.S. acquisitions have buoyed profits at Canada’s biggest banks, whose domestic economy is sluggish and possibly on the verge of a housing crisis. The banks are expected to pursue more M&A in the U.S. if that problem persists.

Mid America Mortgage will begin purchasing electronically closed loans through its correspondent lending channel.

Mortgage industry hiring and new job appointments for the week ending Aug. 26.

Home values rose for the 48th consecutive month in July, but not enough to close the gap with the peak set in 2007, according to Zillow.

Appraisal management software company Mercury Network has entered into an agreement to acquire valuation data and analytics services provider Platinum Data Solutions.

Equifax and TransUnion have stopped selling traditional credit reports, forcing lenders to buy their new, more expensive "trended" data reports that mortgage investors aren't using yet.

The Federal Housing Finance Agency announced the extension of the Home Affordable Refinancing Program through September 2017 as well as the creation of a new program for those with high loan-to-value ratios.

Mortgage rates held steady from the previous week, while still remaining near their all-time record lows, according to Freddie Mac.

Nonbank lender Guaranteed Rate has scored a naming rights deal with the Chicago White Sox.

A long-running dispute between the Department of Housing and Urban Development and the agency's Office of Inspector General over down payment assistance programs is beginning to have an impact on lenders.