Origination

The average profit on each loan originated in 2015 by independent mortgage banks and mortgage subsidiaries of chartered banks jumped by more than $400 from the previous year, according to the Mortgage Bankers Association.

PulteGroup's founder and largest stockholder hired lawyers from a shareholder-activism practice, a sign that he'll increase pressure to get Richard Dugas to step down immediately as the homebuilder's chief executive officer.

Radian Guaranty's new reinsurance agreement will only cover single-premium mortgage insurance policies, a first for the company. These policies have higher capital requirements under the new secondary market standards.

The Consumer Financial Protection Bureau faced hostile questions from two judges during oral arguments before a federal appeals court Tuesday as it sought to argue the constitutionality of its single-director structure in a lawsuit brought by nonbank mortgage lender PHH Corp.

The number of seriously delinquent mortgages reached its lowest level in over eight years, helped by new job creation and higher wages, CoreLogic reported.

Data breaches have become scarily commonplace. But even small financial institutions can take action to thwart hackers and minimize losses.

Commerce Union Bancshares in Brentwood, Tenn., plans to close mortgage offices in Ohio, Illinois and Kentucky and to transfer the employees to Bridgeview Bank Group in Bridgeview, Ill.

Hint: businesses should be focused on data strategy and security, from the individual up to the enterprise level.

PHH Corp. said its loan closing dollar volume will decrease this year, after Bank of America's Merrill Lynch announced plans to withdraw business from the firm.

An Altisource Residential Corp. affiliate is taking management's side in the real estate investment trust’s fight with activist investors.