Origination

Regulators have given the merger between CIT Group and OneWest Bank the green light — so long as CIT comes up with a revised Community Reinvestment Act plan. This condition is good news for the low-income communities impacted by the merger and sets a strong precedent for regulators' review of future bank deals.

EverBank Financial, driven by growth in jumbo mortgage originations, had second quarter home loan volume of $2.7 billion, up from $2.2 billion one year prior.

Down payments increased in size in the second quarter, as competition for homes picked up this summer, according to LendingTree.

BOK Financial in Tulsa, Okla., reported higher second-quarter earnings as mortgage banking and loan growth offset an increase in expenses.

Ellie Mae has obtained a patent for its automated mortgage origination and processing software.

Mortgage applications for the week ending July 24 rose by nearly a percentage point, according to the Mortgage Bankers Association.

Fewer Americans signed contracts in June to buy previously owned homes, representing a pause in the housing market's momentum.

A survey from Fannie Mae found that lenders use credit overlays in a limited manner, with some variations based on channel.

The price of loans that underlie commercial mortgage-backed securities fell from May to June, according to DebtX.

Flagstar Bank far outpaced expectations for its second-quarter results due to high loan sales and a strengthened portfolio from the subtraction of lower performing loans.