Origination

PennyMac Mortgage Financial Services reported a rise in income on higher servicing and origination revenue.

1st Service Solutions warned that the Las Vegas, Phoenix and Chicago markets could cause problems for commercial mortgage-backed securities investors.

PHH Corp. reported losses of $62 million for the second quarter, driven by major increases in operating expenses and a $46 million loss in the servicing segment.

M&T Bank's disclosure that it is in settlement talks with the Justice Department for not complying with underwriting guidelines on FHA loans has renewed fears that more lenders will be targeted.

United Wholesale Mortgage has introduced software to help brokers and correspondents close loans faster.

Essent Guaranty did $7.23 billion of new insurance written in the second quarter, the second highest volume in the company's brief existence.

Consumers have soured on the housing market as more people hold a negative perspective regarding their personal finances and the overall economy, Fannie Mae reported in its July 2015 National Housing Survey.

Employment in the mortgage banking and broker sector has grown 5.8% since June 2014.

Mortgage professional hiring and new job appointments for the week ending Aug. 7.

Competition among lenders has been good for homebuyers.