Origination

WASHINGTON — The House passed a massive $340 billion transportation bill on Thursday, striking two key provisions hated by the banking industry while adding several other measures that could affect financial institutions.

The portion of homebuyers making their first residential purchase fell for a third straight year, and is now at the lowest level since 1987.

Mortgage professional hiring and new job appointments for the week ending Nov. 6.

Impac Mortgage Holdings swung to a profit in the third quarter, due to higher gains on the sale of loans.

Stonegate Mortgage reported a wider loss in the third quarter, as it dealt with a decline in gains on the sale of loans and the value of mortgage servicing rights.

Many millennials lack knowledge about credit, despite their own concerns with their financial futures, according to a study by Experian.

After years of plowing resources into compliance projects, mortgage lenders surveyed by National Mortgage News are foregrounding core business initiatives in their plans for the coming year. High on to-do lists are projects aimed at improving the customer experience and seizing new business opportunities.

The commercial mortgage-backed securities delinquency rate continued its year-long improvement in October, with another big improvement predicted for November, according to Trepp.

Luther Burbank Savings, in Santa Rosa, Calif., has established three home loan programs aimed at helping low- and moderate-income borrowers afford to buy homes in nine California counties.

Nationstar will provide servicing-released option for fledging Chicago's MPF Government MPF program.