Origination

Black Knight Financial Services Inc. is benefiting from new banking regulations that push mortgage lenders to use automation software, sending the company's shares surging since its initial public offering two months ago.

Homes in the San Francisco Bay area sold last month at the fastest pace in almost nine years and prices approached a record as growing consumer confidence, historically low mortgage rates and job growth propelled sales.

Loan officer Eric Rotner's first boss made him understand the entire origination process, which has given him an edge against his competition.

JPMorgan Securities will issue a total of $388 million of securities backed by two pools of jumbo, prime residential mortgages.

MGIC has discounted single-premium lender-paid mortgage insurance by 11% during the second quarter in order to get market share in this highly competitive product.

Mortgage professional hiring and new job appointments for the week ending July 17.

So-called shadow lenders have been making an increasing number of leveraged loans to midsize businesses. Now their involvement is growing in commercial real estate, a market that scorched traditional lenders when it blew up after the 2008 financial crisis.

Credit Suisse Group is seeking to sell almost $300 million of notes tied to mortgage-insurance policies written by an American International Group Inc. unit, offering investors a new way to profit from a reviving U.S. housing market.

New-home construction climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects.

Umpqua Holdings in Portland, Ore., reported higher second-quarter profit, citing lower merger costs and growth in residential real estate lending and equipment finance.