Origination

Mortgage industry hiring and new job appointments for the week ending July 29.

Impac Mortgage Holdings reported a year-over-year drop in net income during the second quarter as a more substantial loss on mortgage servicing rights and costs related to the CashCall Mortgage merger weighed on earnings.

Those with student loan debt but no college degree are less likely to own a home relative to a debt-free high school graduate, according to Fannie Mae.

Ellie Mae had second-quarter net income of $10.6 million as its revenue per Encompass user rose by 14%.

Chronos Solutions has acquired Spokane Valley, Wash.-based UPF Services, marking its fourth acquisition in just over a year a half.

Teardowns — in which builders or private individuals purchase an aging, outmoded house, then demolish it and replace it with a modern home that will suit today's homeowners — are currently on a tear.

The homeownership rate fell to the lowest level in more than 50 years as rising prices put buying out of reach for many renters.

Old Republic International Corp.'s title insurance business had a 6% decline in pretax operating income year-over-year for the second quarter as costs rose greater than premium and fee revenue.

By investing time early on with clients who may not be immediately ready for a mortgage, loan officer Becky Sandiland establishes relationships that generate future business.

Radian Group nearly doubled its net income during the second quarter from a year ago on a significant drop in expenses stemming from a smaller loss on debt extinguishment.