Origination

Mortgage applications rose 1.6% on a seasonally adjusted basis from a week earlier, according to the Mortgage Bankers Association's weekly survey.

Some argue that nonbank mortgage lenders' rising market share poses a risk to the financial system. But this belief arises from an inaccurate understanding of what is in fact a well-regulated sector.

Velocity Commercial Capital, better known for lending on distressed commercial property, is behind the latest securitization of single-family rental properties, according to Kroll Bond Rating Agency.

The second-largest provider of U.S. mortgages through brokers is bringing back a debt type that that's almost disappeared since the financial crisis: Interest-only loans.

Flagstar Bancorp in Troy, Mich., has hired industry veteran Leonard Israel to lead its mortgage division.

Wells Fargo has hired two executives to expand its lending for manufactured housing, following the San Francisco company's purchase of a multibillion-dollar loan portfolio from GE Capital.

The price of homes rose 0.3% in April from the previous month, according to the Federal Housing Finance Agency.

Fannie Mae will no longer charge mortgage lenders to submit loans to its Desktop Underwriter automated underwriting system, a decision that follows a similar move by Freddie Mac earlier this month.

Purchases of new homes rose in May to the highest level in seven years, signaling the industry is gaining momentum heading toward the second half of the year.

Nonbank lender HomeBridge Financial Services has lifted the curtain on a new mortgage platform aimed at community banks and credit unions.